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Louis Vuitton spring 09

LVMH profits slide but Louis Vuitton gains market share

LVMH, the luxury goods group, saw net profit fall 23% to €687 million (£593.2m) for the first six months of 2009. Sales rose 0.2% to €7.81 billion (£6.74bn) and the Louis Vuitton brand continued to gain market share.