Watches & Jewelry recorded revenue growth of 23%, particularly notable when compared to its exceptional performance in the same period last year. TAG Heuer continued its growth worldwide and expansion of its higher-end range, notably with the Carrera and Aquaracer lines. Zenith continued to progress well. Dior launched the Christal watch, which is already a major success.
In Selective Retailing, DFS continued its development during the course of the first half. The growth in Chinese tourism continues. Sephora recorded excellent performances in Europe over the first half and continued to gain market share. In the US, double-digit sales growth on a same store basis continues.
LVMH continues to capitalize on its worldwide leadership position, the excellent geographical revenue balance, the quality of its products and the creative and managerial talent of its teams to maintain progress in a growing worldwide market.
Over the second half, LVMH will focus on developing market share for its star brands and on the launch of several new products. The first half performance allows LVMH to confirm its objective of achieving a very significant growth in its results for 2006.
LVMH Moet Hennessy Louis Vuitton (LVMH) - The group's principal activity is to operate through the following divisions: Fashion and leather goods, Selective distribution, Perfumes and cosmetics and Watches & Jewellery.
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