The French brand of luxury goods LVMH Moët Hennessy Louis Vuitton recorded revenue of $ 29.3 billion (€ 26.3 billion) in the first nine months of 2016, according to GEMKonnect. This increase of 4% higher compared to the same period the previous year (5% at constant exchange rates).
The good performance was due to LVMH perfumes and cosmetics divisions of the business group, which showed an increase of 6%. Bounds and jewelry units including Tag Heuer, Bulgari and Chaumet, increased by 3%. Tag Heuer growth was observed in the tough market conditions due to the sales of smart watches Connected SmartWatch.
LVMH performance in the third quarter improved compared to the first half, while sales in Asia, Europe and the United States were generally good.
On the other hand, Japan and France did not increase the rate of growth of the company, the decline in tourist flow was observed in both markets.
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Chairman of the Dubai Commodities Center (Dubai Multi Commodities Centre, DMCC) Ahmed Bin Sulayem (Ahmed Bin Sulayem) was appointed Chairman of the Kimberley Process (KP) of the United Arab Emirates, according to a report sent to Rough & Polished.
Ahmed Bin Sulayem will officially responsible for the leadership of the CP in 2016, carrying out the duties and implementing new initiatives, consistent with the objectives and goals of the organization.
Commenting on his appointment, Ahmed Bin Sulayem said. "I am honored to be appointed Chairman of the Kimberley Process from UAE I will lie big responsibility to implement the vision and KP plans for the diamond industry in 2016 the United Arab Emirates will use this opportunity to focus on. on the areas that will have the greatest impact on growth and development, in addition to maintaining the core values of the organization. "
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