LVMH Watch and Jewelry Sales Up 30%

LVMH’s watches and jewelry business group benefited from sustained demand across all regions during the first half of 2011. Reported sales rose 30 percent to 576 million euros ($831 million). Organic revenue, when currency fluctuations and other nonrecurring events are removed, grew by 27 percent. It was the Paris-based luxury conglomerate’s top performer in terms of sales growth among its six