Louis Vuitton 2002 Annual Report Download - page 70

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Net sales
for the
Watches
and Jewelry
business
group were
552
M ILLION
EUROS.
Net sales
for LVMH’s
brands
totaled
540 million
euros.
HIGHLIGHTS
■In a global
market that declined
significantly, LVMH’s
brands posted
grow th of 4% in
euros while gaining
market share.
■The Ateliers
Horlogers, formed
in 2001, increased
their production
capacity to meet the
strong growth in
demand for
Christian Dior
Watches and
the success of the
Tambour w atch
collection developed
for Louis Vuitton.
■The international
distribution network
for the TAG Heuer
and Christian Dior
brands expanded
to China and India.
■The first
De Beers LV
boutique opened
its doors in London
in November 2002.
EUR million 2000 2001 2002
Net sales 614 548 552
Income from operations 59 27 (13)