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WMR - January 2018

News

Louis Vuitton

India retail profit jumps 50% in FY17


LVMH Moet Hennessy Louis Vuitton, the world's biggest luxury goods company, posted an over 50 per cent jump in profit in its retail store business in India in the financial year that ended in March 2017, overcoming demonetisation and a clampdown on black money, which were expected to dampen sentiment in the sector.

LVMH, which sells luxury handbags, fashion and other leather goods and perfumes and cosmetics, reported a profit after tax of over Rs. 8 crore compared with Rs. 5 crore in the previous year for Louis Vuitton India Retail Pvt Ltd., according to data from the Registrar of Companies sourced from business research platform Tofler.

The complete feature is in Watch Market Review - January 2018 edition on page no. 22