LVMH Sees Big Profits, Dior Gains Despite Galliano’s Demise

LVMH Moët Hennessy Louis Vuitton has recorded significant revenue gains for the first half of 2011.

The world’s largest luxury conglomerate saw revenue of €10.3 billion ($14.9 billion) in the first half of 2011, up 13% from last year. Profits were €2.2 billion, up 22% from 2010.
Bernard Arnault, chairman and CEO of LVMH, credited strong brand appeal, consumer attraction to artisanal products and simple business strategy with prompting the growth.

“The first half was marked by the agreement with the Bulgari family to strengthen the long-term growth of the famous Italian Maison,” Arnault said in a press statement. “We approach the second half of the year … relying upon the creativity and quality of our products as well as the effectiveness of our teams to pursue further market share gains” in both historical and emerging markets.

TAG Heuer Monaco Twenty Four Calibre 36 Chronograph

TAG Heuer create an inspired piece revolving around progressive design and engineering with their Monaco Twenty Four Calibre 36 Chronograph. The watch takes on cues from force induction superchargers in the automotive world with TAG Heuer’s 36 Calibre movement which signifies 36,000 vibrations per hour. Additional design elements include shock resistant features which creates a floating movement. The aesthetics of the 40.5 mm case include black titanium carbide and stripes based on Steve McQueen’s Porsche 917K from the movie “Le Mans”.