LVMH Jewelry, Watch Sales +7%, Profits +30% in 1H08

LVMH Moët Hennessy Louis Vuitton revenues rose 5 percent to €7.8 billion ($12.2 billion) in the first half of 2008. Group profits rose 7 percent to €1.541 billion ($2.4 billion.)  Sales for the LVHM jewelry and watch category rose 6.9 percent to €417 million ($650 million) and profits in this category rose 30 percent to €74 million ($115.4 million.) De Beers continued its sustained growth with the expansion of its store network, although LVMH didn't provide specific sales figures for this partnership.

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