The latest figures indicated that the net profit of LVHM declined by louis vuitton online store 23% which was better than expected. And the company’s products ranged from luxury goods to different levels of commodities, we divided them into various degrees.
Amonog all of these commodities, our watch and jewelry business suffered a huge hit, the turnover of them were affected most. Their profits decreased by louis vuitton online store 73%. It was really a disaster for our company.
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Compared to them, another two businesses of the company – wines and spirits were slightly better. Unfortunately, their income all declined by 41%.
louis vuitton online store On the other hand, the profits of clothing and leather products became the high point, which increased by 7%. The net profit of the first half year of 2009 was 6.87 billion Euros. Compared to last year’s 8.91 billion Euros, this year our net profit dropped by louis vuitton online store about 23%. As expected, the financial crisis had brought great influence on the group. But the company’s spokesman said that even in the shrinking market, the company would still adhere to fight for market share.
