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Thursday, 21st April 2005 (6119 views)

Luxury retailer LVMH has released its first quarter sales results, reporting an eight per cent increase in watch and jewellery sales.<br/><br/>In addition the firm experienced organic sales growth of 11 per cent in the first quarter, with consolidated sales up to $4 billion.<br/><br/>The watch and jewellery business performed strongly in 2004 and success appears to be continuing, with first quarter sales experiencing organic growth of 21 per cent.<br/><br/>Jewellery and watch brands did particularly well in Asia, the US and France.<br/><br/>Almost all the company's business groups reported double-digit organic sales growth and this is the first time the firm has released quarterly sales in comparison to the first quarter of the year before.<br/><br/>TAG Heuer and Zenith experienced double digit growth and new collections unveiled at the Basel Watch Fair all reported strong orders.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8323354"/>

 

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