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Fashion’s Latest Diet: LVMH Sheds 2 Brands, Other Sales in Pipeline

PARIS — It looks like thin is in for 2003 at LVMH Moët Hennessy Louis Vuitton.WWD has learned that the luxury giant sold the upstart...

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Sales of wines and spirits rose 2 percent to $2.43 billion, with LVMH highlighting particular strength in the U.S., U.K. and Japan.

Claire Kent, the Morgan Stanley luxury analyst who is a target in the $100 million bias suit lodged in commercial court here by LVMH, plans to release her comments on the LVMH numbers today.

French companies report sales and earnings separately. LVMH is slated to reveal full details at a shareholders’ meeting here March 6. LVMH shares went up 2.7 percent to close Thursday at $39.27 on the Paris Bourse.

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