FRANCE: LVMH Expects 10 Per Cent Profit Growth
The head of luxury goods giant LVMH Moet Hennessy Louis Vuitton said today he expects full-year 2002 operating profit to grow by at least 10 per cent after a 20 per cent fall in 2001. LVMH chairman and CEO, Bernard Arnault, told his company's shareholders meeting in Pairs that it still plans to double the size of its revenue within the next five years.