LVMH Sales Rose 11 Percent in 2005; Watches, Jewelry Up 11 Percent

LVMH (Moët Hennessy Louis Vuitton), a leading luxury-products group, says its 2005 revenues rose 11 percent for 2005, to $16.8 billion. The year's initial results were released in January. Other major luxury-product groups, including Richemont and Gucci, have also reported strong gains. LVMH posted record revenues in December. Fourth-quarter revenues rose 13 percent, to about $3.4 billion. All geographic regions where it operates, it said, increased revenues with growth accelerating in the United States, Asia, and Europe. LVMH expected to show double-digit growth in its 2005 profits, which will be formally announced on March 2. In its business groups, watches and jewelry increased 11 percent (to $691.7 million) for the full year. LVMH said its watch brands gained significant market share in all strategic regions, including the United States, Asia, and Japan. The company also cited s
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