FRANCE: LVMH sales hit by SARS
The French luxury goods group LVMH, which owns the Moet and Hennessy drinks brands has seen its first-half sales fall 9.9% to €5.238 billion (US$5.95 billion). The weak dollar and the impact on travel retail from SARS and the war in Iraq were blamed for the fall. However, the company said it still expected to post first-half operating income up approximately 3%, while still maintaining "tangible" operating income growth for 2003.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 14 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Scottish Independence and Scotch Whisky
- Whisk(e)y leads vodka in US, but for how long?
- Wine in the UK: Tell Us Something We Don't Know
- SABMiller spurned by Heineken: The start of the en
- Comment - Heineken's 'No' Cuts SABMiller Options
- LIVE BLOG: Industry responds to Scotland 'No' vote
- Diageo ups Johnnie Walker Formula One presence
- Diageo settles Explorers Club trademark dispute
- A-B InBev shakes up Euro units, UK head steps down
- Bacardi lifts curtain on Bombay Sapphire distiller