08 Feb

LVMH Profit from Jewelry Sales Plunge 47% in 2009

Posted by admin in News at February 08, 2010

LVMH Moët Hennessy Louis Vuitton recorded a revenue of €17.1 billion ($23.31 billion) in 2009. The luxury products group suffered a 1 percent decline in revenue and 13 percent drop in profit compared to 2008. The Watches & Jewelry segment suffered a severe blow, declining to €764 million ($1.04 billion).

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20 Responses

  1. Financial 24 says:

    FXstreet.com – Spot gold dropped about $80 last week as risk aversion fuelled Dollar strength, and the precious metal retreated from $1,125 high on Feb 3 to $1,043, 3-month low on Friday, to pick up on Monday’s European session, reaching session hi

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  2. New Civil Engineer says:

    A massive blast blew apart a power plant as workers building it purged natural gas lines, killing at least five people and injuring a dozen or more. The blast at the Kleen Energy Systems plant in Middletown, Connecticut, shook homes for

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  3. BusinessWeek says:

    Feb. 8 (Bloomberg) — Stocks and U.S. index futures rose, rebounding from the worst week in 11 months, as European finance ministers expressed confidence in Greece’s plans to cut Europe’s biggest deficit. Commodities and currencies of raw-material

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  4. International Business Times UK says:

    Shares in miners were up this morning, boosting the FTSE 100 into positive territory, after both Xstrata and Randgold Resources published their full year results and promised good dividends. Xstrata saw its revenue decline 16 per cent to $23.5 billion in

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  5. International Business Times UK says:

    LONDON – Mining group Xstrata reinstated a dividend amid a bullish outlook for metals demand after posting a 41 percent fall in 2009 profit on Monday, in line with expectations. A logo of the Swiss mining company Xstrata is shown at their headquarters in

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  6. Q97.5 EZ Rock says:

    VANCOUVER, B.C. – Four Canadian mining companies have agreed to combine their silver assets into a new company called Silver Predator Mines Inc. Included in the share-swap agreement are Golden Predator Royalty & Development Corp. (TSX:GPD) and Strategic

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  7. Triangle Business Journal says:

    TORONTO, Feb. 8 /PRNewswire/ – The Canadian Auto Workers union (CAW) is calling on the Canadian federal and provincial governments to thoroughly investigate international mining giant Xstrata, including the reason for closing its Timmins Kidd

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  8. Quote.com France says:

    (RTTNews) – European stocks are seen opening higher on Monday after Wall Street ended a lackluster session moderately higher Friday. Crude oil prices rebounded from seven-week lows in Asian trading Monday, spurred by bargain-hunting amid heightened

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  9. Quote.com France says:

    (Richmond Times-Dispatch – McClatchy-Tribune Information Services via COMTEX News Network) — METRO Dungee, Mr. Ralph Lester, 72, of Richmond, husband of Genta ‘Blanche’ Dungee. France, Mrs. Mary Lena, 85, of Richmond. Fue, Ms. Mary Joe Smith, of

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  10. Proactive Investors.co.uk says:

    The FTSE 100 is seen 20 points, or about 0.4% higher today following a recovery on Wall Street, where the main indexes ended the day on positive territory after a sharp early decline. The markets bounced back after Thursdays huge selloff triggered by a

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  11. Proactive Investors.co.uk says:

    In the FTSE 100, gold miner Randgold Resources (LSE: RRS) said 2009 profits increased from US$47 million for the previous year to US$84.3 million as Q4 profit soared 185% year on year to US$38.7 million. Miner Xstrata (LSE: XTA) also reported on its full

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  12. CommodityOnline says:

    Gold prices are expected to be vulnerable this week and a price decline toward $1,020 or even $1,000 is possible. Gold managed to hold up above support at $1,050 late last week, but this level may not hold this week given the recent short-term focused

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  13. CommodityOnline says:

    A strengthening U.S. dollar weighed heavily on commodities prices last week. There also was another bout of rising concern over demand prospects for commodities. Short-term oriented selling helped push many commodities prices lower. Gold, silver, and oil

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  14. CommodityOnline says:

    Last week, Copper prices opened the week at 310.50 initially moved higher and as expected found strong resistance at 319.45 levels. Later prices fell sharply lower breaking both the supports, made a low of 290.90 and finally ended the week with a loss of

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  15. CommodityOnline says:

    Last week, Silver prices opened the week at 25560 initially moved sharply higher, but found strong resistance at 26340 levels. Later prices fell sharply lower breaking both the supports, made a low of 23610 and finally ended the week with a huge loss of

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  16. CommodityOnline says:

    Last week, Gold prices opened the week at 16292 initially moved sharply higher, breaking both the resistances, but finally found strong resistance at 16815 levels. Later prices fell sharply lower, breaking both the supports, made a low of 15963 and

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  17. CommodityOnline says:

    Commodity prices slump on dollar strength Prices of international commodities slumped sharply in the last week as strength in the US dollar put pressure on prices. A stronger dollar makes dollar denominated commodities look expensive and unattractive for

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  18. CommodityOnline says:

    Sovereign debt fears rules the markets. The early February rally was brutally halted as renewed dollar strength and growing strains in sovereign debt markets weighed on sentiment and prices. On Thursday Portuguese and Spanish stocks suffered their

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  19. BusinessWeek says:

    Feb. 8 (Bloomberg) — Xstrata Plc, the largest exporter of coal used for power, rose the most in more than two months in London trading as earnings exceeded analyst estimates. The stock gained as much as 5.8 percent, the biggest jump since Dec. 1, after

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  20. ABC News says:

    LONDON (Reuters) – Mining group Xstrata reinstated dividends on Monday citing an encouraging outlook for commodities demand in the medium term after posting an expected 41 percent fall in 2009 profit on weaker metals prices. ‘Robust economic growth and

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