LVMH 4TH QUARTER RESULTS

The champagne powerhouse announced today a 13% revenue increase for the 4th quarter, a record for LVMH, with an overall 11% growth from 2004 to €14 billion. According to their press release, “the product mix has been further improved thanks to the quality and high-end positioning of the division's portfolio of champagne brands and to strong momentum in innovation. Furthermore, the business group benefited from close adherence to its pricing policies. Moet & Chandon consolidated its European leadership and saw strong development in Japan, most notably with the success of the Moet Rose. Veuve Clicquot, Krug and Dom Perignon performed particularly well in the US and Japan.” It looks like more and more European and American companies are turning to the east to help reel in profits, especially Japan, China and India.