By Walter Loeb, Contributor LVMH just reported great results for 2012. Revenues increased 19% to 28.1 Billion Euros (roughly $37.7 Billion). Earnings increased 12% to 3.4 Billion Euros (about $4.6 Billion). The strong results were due to top performances by many brands including Louis Vuitton, DFS, Sephora, TAG Heuer and Bulgari.  Performance was especially strong in Asia as well as the United States. There was strong growth in wines and spirit brands as well. The year 2012 generated impressive free cash flow of 2.5 Billion Euros ($3.4 Billion), an increase of 14% year-over-year. …read more
Source: FULL ARTICLE at Forbes Latest