LVMH Jewelry Sales Up 30%

Highlights from LVMH Moët Hennessy–Louis Vuitton’s financial
statement for the first half of 2011:

  • Total revenue from watches and jewelry: $628 million, up 30
  • Total profit from watches and jewelry: $71 million, up 73 percent
  • Total company revenue: $13.2 billion, up 13 percent
  • Total company profits: $2.6 billion, up 22 percent

The company noted that watch brand TAG Hauer registered
solid revenue growth, and the jewelry brands Chaumet, Fred, and De Beers turned
in good performances in their stores.

View LVMH’s full financial statement.

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