Monday, September 18, 2006

Frances Wine and Spirits Growth Continues...

Moet-w.jpgA solid performance from its wine and spirits business has boosted first-half earnings at LVMH Moet Hennessy Louis Vuitton.

The French luxury goods powerhouse said yesterday (6 September) that profits from the division had risen 11% to EUR355m (US$453.1m), contributing to a 35% climb in group operating profit to EUR1.3bn.

LVMH said sales growth in China and Russia had “accelerated” thanks to “sustained marketing” during the period.

The company’s Champagne stable was a key driver with Moet & Chandon and Dom Perignon enjoying “significant growth” in Japan and Veuve Clicquot seeing sales rise in Europe and the US.

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