Louis Vuitton 2005 Annual Report Download - page 29

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Highlights
In 2005, the Fashion and Leather
Goods group recorded organic
revenue growth of 12% and an
increase of 12% in its profit from
recurring operations. It continued
to gain market share.
For Louis Vuitton, 2005 was a year
of savoir-faire and innovation.
After one year of renovation and
expansion, its historic workshop
in Asnières reopened its doors in
January. The Maison Louis Vuitton
on the Champs-Élysées,
inaugurated in October, enjoyed
unprecedented success. Over the
year, the brand launched three new
lines of leather goods and its first
collection of sunglasses.
The sharp increase in Fendi’s
revenue was driven by its new
strategy and confirms its excellent
outlook for the medium term.
“Palazzo Fendi”, the symbol of its
new vitality and drive to accelerate
the growth of the Italian brand,
opened in Rome in May 2005.
LVMH 2005 FASHION AND LEATHER GOODS