LVMH profits soar 70%, helped by “excellent momentum” in Asia

7 March 2011 | 1 minute read

As the crowds queuing outside luxury retailers in Hong Kong and Kowloon suggest, Asia is fast becoming one of the most important markets for fine watches, leather goods and apparel. Leading luxury conglomerate LVMH joined Burberry and Hermes in posting strong sales and profit figures for 2010, with Asian customers accounting for a large chunk of the demand. LVMH said…

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