DESPITE increased worry over the state of the current economical climate - not to mention reports of the widespread decline in sales seeping into the luxury sector - Bernard Arnault, boss of LVMH Moet Hennessy Louis Vuitton, isn't phased.
"We are in a position to meet our objectives for a sharp rise in earnings in 2008. Every time we've been [in a difficult economy] we've increased market share," he said at the annual LVMH shareholders meeting. "We've started the year strong. We will not pull off [of the accelerator]. We are focussed on innovating."
Star performer? Louis Vuitton.
"There are tons of new leather goods - the Richard Prince bag for Vuitton has been an immense success and we won't be able to meet demand," he said, according a WWD report. "We can't produce the pieces fast enough."
Louis Vuitton, Dior and Tag Heuer are among the company's key brands, while Fendi is one to watch - Arnault has it earmarked for phenomenal growth, calling it "one of the most important Italian brands on the market". (May 16 2008, AM) | 
