FRANCE: LVMH H1 Sales Fall 10% On Tourism Slump
French luxury goods group LVMH Moet Hennessy Louis Vuitton SA on Thursday announced a 10 per cent slide in first half sales as it was hit by a weaker dollar and tourists' fears over the Iraq war and SARS outbreak. The world's largest luxury goods maker, whose brands include Kenzo, Fendi and Dior, said sales for the six months period fell to 5.238 billion euros ($5.95bn) from 5.818 billion euros in the year-ago period.
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