Welcome to our one-stop source for designer REPLICA WATCHES. We carry the best Fake Watch. Our Bvlgari Replica Watches are made of the highest quality. Please feel free to browse our extensive catalog to help find what you are looking for.
LVMH, the world's largest luxury conglomerate, has reported "Excellent Results" for Europe, Asia and the United States for the first half of 2008, with a 5 percent revenue increase amounting to approximately 12.15 billion. According to LVMH, sales achieved an upswing of 12 percent, utilizing similar exchange rates and structures.
LVMH's Watches & Jewelry sector achieved growth of 7 percent to a figure of approximately $650 million, according to the company; at constant exchange rates, it grew by 15 percent. Meanwhile, the profit from recurring operations increased by 30 percent. Group share of net profit rose by 7 percent.
“The first half results once again demonstrate the exceptional appeal of our brands as well as the effectiveness of our strategy, particularly remarkable given the adverse currency and economic environment seen during this period,” stated Bernard Arnault, LVMH chairman and CEO.
Among the group's watch collections which were excellent performers, according to LVMH, included the TAG Heuer Grand Carrera family, Zenith's high-end classical watch lines. LVMH also emphasized that Chaumet saw notable growth in light of the Class One "Croisier" introduction and new variations in its Attrape-Moi Collection. Christian Dior also "strengthened its synergies with fashion and jewelry", said the company. Other highlights contributing to the results included the April 2008 acquisition of the Hublot watch brand, and the continued sustained growth of De Beers through the expansion of its store chain.
Despite the economic and currency-related issues, LVMH will forge ahead with strength to achieve continued growth, pursuing numerous strategic product launches and aggressive expansion around the world. Commenting upon this, Arnault stated, “Reassured by the strong momentum in the first half of the year, the group approaches the second half with confidence. It will rely upon the creativity and quality of its products as well as the efficiency of its teams to pursue further development in its historical markets as well as in high potential emerging markets. All these elements enable us to confirm our objective of a tangible increase in results for 2008.”
