LVMH's watch and jewelry revenue down by 2 percent

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09-Feb-2014

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LVMH Moët Hennessy Louis Vuitton reported 4 percent organic revenue growth for its jewelry and watch division in 2013. Jewelry and watch sales for the Paris-based luxury goods conglomerate reached $3.76 billion, down 2 percent from $3.83 billion in 2012 but up 4 percent with comparable structure and exchange rates. Profit for the group was up 12 percent, from $451.0 million to $506.3 million. Total sales for LVMH reached $39.28 billion, up 4 percent year-over-year.

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