Louis Vuitton 2005 Annual Report Download - page 21

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Highlights
The Wines and Spirits business
group recorded organic revenue
growth of 11%, and profit from
recurring operations increased by
7%, despite a climate of unfavorable
exchange rates.
Revenue of all Champagne
and Wines posted organic growth
of 10%.
Hennessy cognac confirmed
its momentum with volumes that
increased by 9%. Cognac and spirits
organic revenue increased by 13%.
Moët Hennessy acquired
the Scottish company
Glenmorangie plc. in early 2005
and then took over the distribution
of its malt whisky brands virtually
worldwide.
Moët Hennessy gained operational
control of Millennium (Belvedere
and Chopin vodkas) by acquiring
the remaining 30% of its capital.
PASSIONATE ABOUT CREATIVITY
19
LVMH 2005 WINES AND SPIRITS