LV M H 2002 ANNUAL REPORT 2002 laying the foundations for long-term prosperity by Bernard Arnault SUSTAINABLE DEVELOPMENT meeting the challenge with confidence and responsibility TRADES strong growth of star brands‚ increase in market share INNOVATION research and creativity enhance the successes of the Group. PASSIONATE ABOUT CREATIVITY PASSIONATE ABOUT CREATIVITY TABLE OF CONTENTS CHAIRMAN’S MESSAGE 02 04 06 A COHERENT UNIVERSE FINANCIAL HIGHLIGHTS
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Mommy Dearest? Gail Godwin’s “A Sorrowful Woman”‚ tells the story of a woman that no longer desires the responsibility of being a mother and wife. The author initially creates an emotional attachment for the reader towards the lead character‚ then‚ throughout the story she ensures‚ through the use of character development‚ that the reader is enveloped in hatred toward the woman. Godwin opens her short story with an opening sentence that confuses the mood of the parable and confounds the reader
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Doshi LVMH Summary LVMH‚ known as Moët Hennessy • Louis Vuitton‚ is a French conglomerate and the largest producer of luxury goods in the world. LVMH was formed in 1987 with the merger of Moet et Chandon a champagne manufacturer‚ Hennessy a cognac manufacturer‚ and Louis Vuitton a fashion house. The LVMH group is comprised over five sectors: Fashion & Leather Goods‚ Wine & Spirits‚ Perfumes & Cosmetics‚ Watches & Jewelry‚ and Selective retailing. This external analysis will
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LVMH: Diversification Strategy into Luxury Goods Strategic Issues By 2002‚ Moet Hennessy Louis Vuitton was the world’s largest luxury products company‚ enjoying annual sales of 12.2 billion euros. LVMH carries the most prestigious brand names in wine‚ champagne‚ fashion‚ jewelry‚ and perfume. Upon entrance of this luxury product industry‚ LVMH was aware that they produced products that nobody needed‚ but that were desired by millions across the world. This desire in some way fulfills a fantasy
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TABLE OF CONTENTS 1.0 EXECUTIVE SUMMARY3 2.0 INTRODUCTION3 2.1 Background to Organization3 3.0 ANALYSIS3 3.1 Porters 5 Forces (Model of Competition)3 3.2 PESTEL (External Analysis)5 3.3 SWOT6 4.0 KEY FINDINGS OF ANALYSIS/PROBLEM IDENTIFICATION/ KEY STRATEGIC CONCERNS6 4.1 Vertical Integration6 4.2 Diversification7 5.0 POSSIBLE SOLUTIONS & STRATEGIES.8 7.0 CONCLUSION9 8.0 APPENDICES11 Appendix 1: Porters 5 Forces11 Appendix 3: Luxury Goods Group & Brands Top Ten Competitors13 Appendix 4: Industry
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Luxury industry in France Luxury is artificial definition and cannot be easily transferred into real life. It is a notion of anything that is useless and superfluous in real life. However‚ it can be often associated with beauty (art‚ entertainment‚ design‚ décor or trend) and remains one of the driving forces behind society’s spending. It is true that luxury speaks and renown’s itself by big spending and indeed‚ outlandish expenditure is often associated with it. The world luxury market is worth
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LVMH Passionate about creativity ANNUAL REPORT 2010 CONTENTS 02 CHAIRMAN’S MESSAGE 06 FINANCIAL HIGHLIGHTS 08 INTERVIEW WITH ANTONIO BELLONI : THE AUTHENTICITY OF OUR BRANDS LINKING HERITAGE AND MODERNITY 10 CORPORATE GOVERNANCE 12 THE LVMH SHARE 14 REVIEW OF OPERATIONS 16 24 32 40 46 Wines & Spirits FASHION & LEATHER GOODS Perfumes & Cosmetics Watches & Jewelry SELECTIVE RETAILING 52 SUSTAINABLE DEVELOPMENT 54 Exchanging‚ sharing‚ moving forward 55 Human Resources LVMH
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Louis Vuitton Moët Hennessy Group‚ the world leader on the market of luxury products‚ was created in 1987 and resulted from the merger of Louis Vuitton (an upscale luggage company) and Moët Hennessy (pppsdcnmzxan upscale producer of champagne and cognac). Since its creation‚ LVMH has made changes to its structure and in 1997 LVMH started creating business branches around the different métiers of the Group by combining apparently disparate businesses and synergies between the sectors. By changing
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A Farewell to Arms: Ernest Hemingway in Frederic Henry Experts often agree that to write an extraordinary piece of literature‚ the author must write of his‚ or her‚ first-hand knowledge or experience‚ of a subject matter; and Ernest Hemingway knew this. He was best known for his plain spoken‚ straightforward‚ no-frills writing style. Plain words‚ simple sentences‚ and frequent repetition earned him the prestigious Nobel Prize for Literature in 1953. He was a literary scholar. Ernest Hemingway’s
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Born in 1500‚ Charles I of Spain is the successor to the Habsburg dynasty ruled Austria and large parts of Europe during the Reformation as Emperor Charles V. On the side of his father‚ Philip of Burgundy‚ Maximilian Habsburg Austria Mary of Burgundy and. On the side of his mother‚ Joana "The Mad" of Castile‚ Ferdinand and Isabella’s‚ who unified the crown of Aragon Spain and Castile. This made Charles the heir of many lands‚ which he started at the age of sixteen successor. Growing up in Burgundy
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