Thursday, February 23, 2012

Luxury Booming

Christina Passariello in the Wall Street Journal last Friday reported that, "At a time when many consumer goods segments are suffering, luxury is rich with promise. The world's biggest luxury-goods purveyors are coming off a blockbuster" year.  Among those reporting quarterly results, sales were up 20% at LVMH (Moët Hennessy Louis Vuitton SA); 22% in PPR SA's luxury division (includes Gucci), and 18% at Hermès.

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