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Brief Guy's Comments on LVMUY by Todd Melancon
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Brief Guy's Comments on LVMUY |
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Fashion & Cosmetics
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. Important excerpt:The conglomerate, controlled by French billionaire Bernard Arnault, has managed in recent years to lay claim for the largest share by far from the Champagne region's restricted grape output. LVMH does not break out its champagne sales, but its wines and champagne income in 2006 totaled $2.2 billion. LVMH had 19% on the worldwide market place for champagne by volume in 2006, based on Influence Databank, a market-research firm. Arnault's all round dominance of your global luxury-goods industry. In fashion, France's richest man targeted tiny, family-owned firms to build his empire, snapping up brands for example Fendi and Guerlain within the 1990s, from founding clans who wanted their names to reside on. Independent farmers personal 90% on the vineyards in France's Champagne area -- the only source of grapes for bona fide bubbly -- and LVMH is definitely the biggest purchaser of their grapes. LVMH can also be the single biggest owner of vineyards in Champagne, possessing 1,650 hectares, or 5%, on the fields obtainable. The French fashion-to-spirits firm has accomplished a uncommon agricultural feat: sewing up considerably in the world's provide of champagne grapes.We offer the best fendi bag for you with high quality and fine workmanship.Visit our fendi online shop! Happy shopping!
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