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LVMH boosted by 16% revenue growth

LVMH has posted a 16% increase in revenues for the full-year to December 31, 2011 - testament to the continuing strength of the luxury goods market.

The French luxury goods group, which owns brands including Louis Vuitton and Marc Jacobs, saw overall sales rise 16%, from €20.3bn (£17.1bn) in 2010 to €23.7bn (£19.6bn) in 2011.

Sales within its fashion and leather goods division jumped 15% from €7.58bn (£6.29bn) in 2010 to €8.7bn (£7.2bn) in 2011.

Revenues in the fourth quarter increased 20% to €7.35bn (£6.10bn).

Bernard Arnault, chairman and chief executive officer of LVMH, said: “2011 was another great vintage for LVMH, highlighting once again the power of our brands, the excellence of our craftsmanship and the appeal of our products.

“Our businesses enjoyed excellent momentum and profit from recurring operations passed the threshold of €5bn (£4.15bn) for the first time,” he said.

In March last year, LVMH acquired accessories giant Bulgari. “The agreement with the Bulgari family was one of the key moments of the year,” added Arnault.

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