4/6/12 at 11:40 AM

Bernard Arnault Confirms Yet Again That Dior Is Doing Just Fine Without Galliano

By Hilary Moss

PARIS - OCTOBER 03: John Galliano attends in backstage the John Galliano Ready to Wear Spring/Summer 2011 show during Paris Fashion Week at Opera Comique on October 3, 2010 in Paris, France. (Photo by Eric Ryan/Getty Images)

LVMH's chairman and CEO held a "brisk" shareholders' meeting, where he highlighted the fashion house's solid showing last year. WWD reports: "Profits more than doubled to 85 million euros, or $118.4 million, as sales in its own stores advanced 28 percent." Arnault also mentioned Dior J'adore's staying power as France's best-selling perfume.

Bernard Arnault on the Long-Term View [WWD]