Louis Vuitton 2002 Annual Report Download - page 3

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A COHERENT UNIVERSE OF MEN AND
WOMEN PASSIONATE ABOUT THEIR BUSINESS AND
DRIVEN BY THE DESIRE TO INNOVATE AND
ACHIEVE. ANUNRIVALLED GROUP OF
POWERFULLY EVOCATIVE BRANDS AND
GREAT NAMES THAT ARE SYNONYMOUS
WITH THE HISTORY OF LUXURY
. A NATURAL
ALLIANCE BETWEEN ART AND CRAFTS-
MANSHIP WHERE CREATIV-
ITY, VIRTUOSITY,AND QUALI-
TY INTERSECT. A REMARKABLE ECONOMIC SUCCESS STORY
WITH NEAR 54,000 EMPLOYEES WORLDWIDE AND
GLOBAL LEADERSHIP IN THE MANUFACTURE AND
DISTRIBUTION OF LUXURY GOODS. A
UNIQUE BLEND OF GLOBAL VISION AND DED-
ICATION TO SERVING THE NEEDS OF EVERY
CUSTOMER. THE SUCCESSFUL MARRIAGE OF
CULTURES GROUNDED IN TRADITION AND
ELEGANCE WITH THE MOST
ADVANCED MARKETING,
INDUSTRIAL ORGANIZATION
AND MANAGEMENT TECHNIQUES. A SIN-
GULAR MIX OF TALENT, DARING AND
THOROUGHNESS IN THE QUEST FOR
EXCELLENCE.A UNIQUE ENTERPRISE
THAT STANDS OUT IN ITS SECTOR. OUR PHILOSOPHY CAN BE
SUMMARIZED IN TWO WORDS— CREATIVE PASSION.
ANNUAL REPORT 2002 • 01
CHAIRM AN’S M ESSAGE
02
FI NANCI AL HI GHLIGHTS
04
HI GHLI GHTS
06
BOARD OF DIRECTORS
AND GENERAL
M ANAGEM ENT
08
CORPORATE GOVERNANCE
09
THE LVMH SHARE
10
SHAREHOLDER
RELATI ONS
12
PASSI ONATE ABOUT CREATI VITY,
A SUSTAINABLE DEVELOPMENT
SUCCESS IS
CONSTRUCTED OVER
THE LONG TERM
13
A LONG-TERM
STRATEGY
14
A COM M I TM ENT TO
THE ENVI RONM ENT
20
A SOCIETAL POLI CY
28
LVMH BUSINESS GROUPS
WI NES
AND SPI RI TS
38
FASHI ON
AND LEATHER GOODS
50
PERFUM ES
AND COSM ETI CS
60
WATCHES
AND JEWELRY
66
SELECTI VE
RETAI LI NG
78
CONSOLI DATED
FI NANCI AL STATEM ENTS
83
LVMH WORLWI DE
95
PASSIONATE ABOUT CREATIVITY TABLE OF CONTENTS