Conglomerate Louis Vuitton Moet Hennessy (LVMH) parent company of Louis Vuitton, Marc Jacobs, De Beers and numerous other international luxury brands struggled to meet their sales projections in 2009. French owner, Bernard Arnault says that his company has shown “exceptional resilience” despite falling revenue by 8 percent in 2009. LVMH’s biggest business lies in their fashion houses and leather goods; however they failed to meet plans during the Christmas season with their perfume, watch and jewelry sectors falling during the fourth quarter. In order to become more competitive, some watch and jewelry makers under the LVMH umbrella are offering an array of less expensive timepieces to boost sales.
By: Janell Hickman
Image Courtesy of Louis Vuitton
July 30, 2010
Honey, fill in your email and we'll send you fun news.
GIRLTALK
“Wyclef Jean is reportedly planning to run for President of Haiti. Do you think he is qualified to run a country?”
15 hours ago by Kristina BustosArchive
- July 2010 (396)
- June 2010 (411)
- May 2010 (422)
- April 2010 (603)
- March 2010 (706)
- February 2010 (572)
- January 2010 (433)
- December 2009 (485)
- November 2009 (269)
- October 2009 (13)
LUXURY AT HTTP://WWW.LUXURPLC.COM