World’s largest luxury group, LVMH, reported last week a positive growth first quarter of 2012, better than the laest quarter of fiscal 2011. "The first quarter net sales for over a year and higher than the last quarter of last year, so it does not start too badly," said Bernard Arnault, owner of LVMH. This is why "we are relatively confident about the development of our business" in 2012, he said.
Several LVMH companies such as Louis Vuitton, Celine, Givenchy and Dom Perignon released in early February record results for 2011, with sales exceeding EUR23 billion (USD30.08b) and a net profit of more than EUR3b.
(Source: cpp-luxury.com)