LVMH Watch, Jewelry Profits Soar 103%

Highlights from LVMH Moët Hennessy–Louis Vuitton’s financial
statement for 2010:

  • Total revenue from watches and jewelry: $1.3 billion, up 29%
  • Total profit from watches and jewelry: $173.5 million, up
  • Total company revenue: $27.5 billion, up 19%
  • Total company profits: $5.95 billion, up 29%

The company noted that jewelry brands Chaumet, De Beers, and
Fred registered solid revenue growth in their European and Asian networks.

For more information on LVMH’s financial statement, click here.