louis vuitton bags for sale, According to the balance sheet-income statement ratio on the 4th of February of LVMH Group – the French luxury louis vuitton bags for sale goods giant, its report showed that under the economic crisis, its net profit of group dropped sharply by 13% in 2009.
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Bernard Arnault – the CEO of LVMH made a speech at a press conference on the same day. Group’s revenue of 2009 year declined by 1% compared to the previous year – 17.05 billon Euros. And the net profit fell by 13% compared to the previous year – about 1.755 billion Euros.
The louis vuitton bags for sale French Group’s another two businesses – red wine and liquor, they suffered a great hit and their businesses were affected most seriously by the crisis. The revenue declined by 16%.
The revenue of another two businesses – watch and jewelry, also shrank by 13%. Furthermore, the revenue of perfume and cosmetic business also dropped by louis vuitton bags for sale 4%. On the contrary, the income of fashion and leather business increased by louis vuitton bags for sale 5%. The fourth quarter of last year, because of its excellent performance in emerging markets, its global turnover rose by 1%. Amault said that it was hard to predict market circumstances. The Group would control costs and do careful investment.