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LVMH luxuriates

LVMH has announced record sales and net profit, although other figures released by the leading global luxury company missed expectations. The maker of Louis Vuitton handbags and Moet & Chandon champagne said sales rose 6 per cent last year to a record 30.6 billion euros ($35.1 billion). Meanwhile net profit at the France-based company came in at a record 5.65 billion euros. However stripping out the 2.8 billion booked thanks to distribution of shares by Hermes, a rival in which LVMH has buil