LVMH Moet Hennessy Louis Vuitton Continued Strong Growth Momentum In Third Quarter 2006.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- LVMH LVMH Moët Hennessy-Louis Vuitton (upscale retailer) MoE1/2t Hennessy Louis Vuitton The Louis Vuitton Company (more commonly known simply as Louis Vuitton) is a luxury French fashion and leather goods brand and company, headquartered in Paris, France. It is a division of the French holding company, LVMH Louis Vuitton Moët Hennessy S.A. , the world's leading luxury products group, achieved revenues of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 10.6 billion in the first nine months of 2006, reflecting organic growth of 11% compared to the same period in 2005. LVMH continued to demonstrate strong momentum in the third quarter with double-digit organic revenue growth, a performance which is even more noteworthy in view of its robust growth in the third quarter of 2005. This performance reflects the exceptional appeal of LVMH brands and products, which continued to increase their market share, the success of the Group's strategy and the effectiveness of the teams who succeeded in achieving ever-increasing results. By business group, revenue progress was as follows: [TABLE OMITTED] * with a comparable structure and constant exchange rates Wines & Spirits achieved organic revenue growth of 12% during the first nine months of 2006. The champagne brands saw sustained growth in volumes over the period, accompanied by an improvement in the product mix. MoE1/2t & Chandon and Dom PE[umlaut umlaut ( m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ]rignon had excellent
performances in Europe and in Japan. Veuve Clicquot continued its rapid
growth in the US. Hennessy cognac, whose volumes increased by 9%,
benefited from a strong increase in its premium qualities. The US and
China were the most dynamic geographic areas.Fashion & Leather Goods business group achieved 11% organic revenue growth during the first nine months of 2006. Louis Vuitton recorded double-digit organic revenue growth during the period. Louis Vuitton performed extremely well in Europe and in Asia and continued its strong momentum in the US. Its new Monogram monogram [Gr.,=single letter], symbol of a name or names, consisting typically of a letter or several letters worked together. A famous monogram is that of Christ, consisting of X (chi) and P (rho), the first two letters of Christ in Greek. Mini Lin line is a huge success. The iconic handbags, such as the Lockit and the Speedy, which have been recently revisited by some major artists, continue to be exceptionally popular. Fendi experienced rapid growth. In Perfumes & Cosmetics, revenue for the major French brands increased notably. For perfumes, the launches of Insolence in·so·lence n. 1. The quality or condition of being insolent. 2. An instance of insolent behavior, treatment, or speech. Noun 1. by Guerlain, of Ange ou DE[umlaut]mon by Givenchy and of KenzoAmour by Parfums Kenzo have been the highlights of the third quarter. In make-up, the new lipstick Rouge Dior is a great success. Watches & Jewelry saw a 22% increase in organic revenue in the first nine months of the year. TAG Heuer TAG Heuer (pronounced: täg-hoi-er) is a Swiss watchmaker known for its mid - high range sports watches and chronographs. It is a division of leading luxury goods company LVMH. The company motto is "Swiss Avant-Garde Since 1860". continued to achieve strong increases in its revenue, driven notably by further progress of the Aquaracer and Carrera lines. The brand had excellent performances in Europe, the US and Asia. Zenith benefited from the very successful reception of the new sports line Defy and recorded sustained growth. Christian Dior Noun 1. Christian Dior - French couturier whose first collection in 1947 created a style that became known as the New Look (1905-1957) Dior continued to enlarge its Christal line while Chaumet opened its largest store worldwide in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . In Selective Retailing, DFS (Distributed File System) An enhancement to Windows NT/2000 and 95/98 that allows files scattered across multiple servers to be treated as a single group. With Dfs, a network administrator can build a hierarchical file system that spans the organization's LANs and continued to benefit from the development of its Asian clientele. The building of a new Galleria will commence in Macao, a strategic location popular with Chinese travelers, which possesses very high growth potential. Sephora continued its strong momentum in Europe as well as in the US. Its sales are growing rapidly in all of its markets. The brand has reinforced its culture of innovation with its exclusive brand offering and the development of its unique services. Sephora continues to expand in China where the brand now benefits from eight stores. Outlook LVMH relies on the considerable appeal of its products and brands to continue, in a well-oriented economic environment, the momentum it has enjoyed since the beginning of the year. In this context, LVMH confirms its objective of a very significant increase in its results in 2006. About LVMH LVMH MoE1/2t Hennessy Louis Vuitton is the world's leading luxury goods group. The Group is represented in Wines and Spirits by a portfolio of brands that includes MoE1/2t & Chandon, Dom PE[umlaut]rignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Chateau d'Yquem, Chandon Estates, Hennessy, Glenmorangie, Belvedere and Chopin. Its Fashion and Leather Goods division includes Louis Vuitton, the world's leading luxury brand, as well as Celine, Loewe, Kenzo, Givenchy, Thomas Pink Thomas Pink is a retail clothing business which started in London in 1984. The concept was created by three Irish entrepreneurs, brothers James, Peter and John Mullen. The company was named for an 18th century London tailor who was known for making much sought-after red ('pink') , Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti, StefanoBi as well as eLUXURY, the authoritative online source for luxury goods on the Internet. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior Parfums Christian Dior is the make-up and perfumery line of Christian Dior SA, based on the company created by twentieth-century fashion designer Christian Dior. It was created in 1947 with the launch of Miss Dior perfume. , Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh). LVMH is also active in selective retailing through DFS, Sephora in Europe and the United States, Le Bon Marche and La Samaritaine. LVMH's Watches and Jewelry division comprises TAG Heuer, Chaumet, Christian Dior Watches, Zenith, Fred, the prestigious Italian writing instruments company of OMAS OMAS Official Mail Accounting System (US Postal Service) OMAS Outage Management & Analysis System and De Beers LV, a joint venture created with the world's leading diamond group. "Certain information included in this release is forward looking and is subject to important risks and uncertainties and factors beyond our control or ability to predict, that could cause actual results to differ materially from those anticipated, projected or implied. It only reflects our views as of the date of this presentation. No undue reliance should therefore be based on any such information, it being also agreed that we undertake no commitment to amend or update it after the date hereof." |
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