Sephora owner LMVH reports strong H1

Luxury goods retailer and Sephora owner LVMH recorded EUR7.8 billion revenue in the first half of 2009, reflecting a slight increase over the same period in 2008 despite the crisis and a high comparable performance. Bernard Arnault, Chairman and CEO of LVMH, commented: “The first half results once again demonstrate the exceptional appeal of our brands as well as the effectiveness of our strategy.” Sephora registered revenue growth in all of its markets in the first half of 2009 and an increase in its profit from recurring operations. Its network of stores continues to grow in the most promising markets, notably in China where the expansion proceeds at a sustained pace.

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