About: http://data.cimple.eu/news-article/a15ac2bd3450245e04e99b46fd32e2cd80c930c86184e537b99f3b10

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About: http://data.cimple.eu/news-article/a15ac2bd3450245e04e99b46fd32e2cd80c930c86184e537b99f3b10 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	French luxury goods giant LVMH posted record 2019 sales of more than 50 billion euros Tuesday and said it would strive to stretch its lead in the global market this year. LVMH, the world's biggest luxury retailer, added that its net profit had jumped by 13 percent from 2018 to 7.17 billion euros ($7.89 billion). "We can count on the strength of our brands and the agility of our teams to reinforce, once again in 2020, our leadership in the universe of high-quality products," chairman and chief executive Bernard Arnault said in a statement. The group recorded sales of 53.7 billion euros, an annualised gain of 15 percent. While hailing the results, Arnault sounded a slight note of caution, saying: "In a buoyant environment that remains uncertain in 2020, we continue to be vigilant and focused on our objectives for progress." The group highlighted growth in Europe and the United States, and noted that results were also strong in Asia "despite a difficult environment in Hong Kong in the second half of 2019." In terms of product lines, the statement underscored "exceptional growth at Louis Vuitton and Christian Dior" along with the addition last year of the Belmond hotel group, a partnership with British designer Stella McCartney and an agreement to buy the prestigious US jewelry house Tiffany. kd/soe/wai/boc
schema:headline	Luxury group LVMH posts record annual sales above 50bn euros
schema:mentions	Dissociation constant Louis Comfort Tiffany Bernard Arnault State-owned enterprise French people Louis Vuitton Asia Hotel Europe Hong Kong United Kingdom United States Belmond Limited Stella McCartney Luxury goods Christian Dior (fashion house) LVMH
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-01-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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