Displaying all articles tagged:

Lvmh

Most Recent Articles

Delta and Northwest to Fly in Formation

FINANCE • High fuel prices and a soft economy have sent Delta and Northwest Airlines running into each other's arms. The two could announce a definitive plan to merge as early as next week. [NYT] • Senate Republicans have axed a proposed economic-stimulus bill. The Dem-proposed $158 billion package, which sought to avert a full-fledged recession, came up one short of the required 60 votes. [FT] • But, no worries. Economists put odds of a U.S. recession at 49 percent, which means we're not technically there yet. Also, for what it's worth, this video is funny. [WSJ]

READ MORE »

Luxury Revenues on the Rise

Let's take a break from the beauty of Fashion Week for some cold, hard numbers, shall we? LVMH Moët Hennessy Louis Vuitton and Polo Ralph Lauren's are in, and they're up — despite the recession. Take that! LVMH's revenues rose 8 percent in 2007 to a shiny $22.59 billion, while Polo's revenues were up 11 percent to $1.27 billion (we know, it's almost paltry in comparison).

READ MORE »