LVMH earns 12% growth in Q1 of 2008

LVMH Moët Hennessy Louis Vuitton has announced its performance results for the first quarter of 2008. Its combined watch and jewellery sales have shown an increase of 12% y-o-y to amount to €211 million. The overall group revenues also scaled up by 5% to amount to €4.002 billion, seen in markets of Asia, the US and Europe. The company is hopeful to rely on its creativity and expansion into new markets, which will show it a growth in 2008.