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Article: Consolidated net profit at Louis Vuitton up 38%. (leather goods manufacturer)
- Article from:
- WWD
- Article date:
- April 26, 1990
- Author:
CopyrightCOPYRIGHT 1990 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CONSOLIDATED NET PROFIT AT LOUIS VUITTON UP 38%
PARIS - Louis Vuitton SA on Wednesday announced 1989 consolidated net profit of 1,298,000,000 francs ($227.88 million), up 38 percent from the previous year and more than double that of 1987.
Net in 1988 came to 1,095,000,000 francs, compared with a net of 698 million francs a year earlier.
The rise in profit was earned on a 27 percent increase in group 1989 sales to 6.751 billion francs ($1.19 billion), excluding the turnover of Givenchy Couture, which was not consolidated into Louis Vuitton group accounts because it was acquired in November 1988.
Louis Vuitton added that since 1977, group ...