LVMH’s Profits Jumped 25 Percent So Far This Year

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Actress / model Eva Marcille arrives at "HTC Status Social" launch event at Paramount Studios on July 19, 2011 in Hollywood, California.
Bling. Photo: Chelsea Lauren/2011 Chelsea Lauren

As expected, they posted a 13 percent increase in revenues over the same six-month time period last year, but they've enjoyed a 25 percent increase in overall profits. In other words, rich folks are shopping more in 2011. [WWD]