LVMH expects annual profit to fall between 10% and 15%

Article Abstract:

LVMH Moet Hennessy Louis Vuitton S.A. is forecasting a decline in its 2001 operating profits of 10% to 15%. The company was hit harder by the effects of the September 2001 terrorist attacks in the US than was previously anticipated.

Economic aspects, Forecasts and trends, Profit, Profits, World Trade Center and Pentagon Attacks, 2001

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Prada agrees to sell Fendi interest to LVMH

Article Abstract:

Prada Holding N.V. has decided to sell its stake in Fendi to LVMH Moet Hennessy Louis Vuitton S.A. in an agreement that signals a strategic move for Prada, but could speed up the development of Fendi.

Italy, Asset sales & divestitures, Acquisitions & mergers, Toilet Preparation Manufacturing, Toilet preparations, Perfumes & Colognes, Mergers, acquisitions and divestments, Abstract, Prada Holding N.V., Perfumes industry, Fragrances (Toiletries), Fendi Profumi

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LVMH slightly exceeds sales estimates

Article Abstract:

LVMH Moet Hennessy Louis Vuitton SA posted an increase of 12% in its sales for the 2001 first-half period to 5.6 billion euros. The result was slightly higher-than-expected.

Finance

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