SHARP JUMP IN LOUIS VUITTON PROFIT AND SALES

LVMH Mo√ęt Hennessy Louis Vuitton posted a sharp jump in 2010 profit and sales, a clear sign that global demand for high-fashion, expensive watches and other luxury goods is strong again, including in the still-ailing economies of the U.S. and Europe. LVMH, which has a store in Ulaanbaatar, said profit rose 73% to USD4.13 billion last year.
Source: The Wall Street Journal Asia
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