By Anthony DeMarco, Contributor Luxury goods conglomerate, LVMH Moët Hennessy Louis Vuitton, said Monday that first quarter revenue for its Watches and Jewelry division fell 1 percent to 624 million euros ($815.6 million) due to cautious buying by multi-brand retailers. It was the only business division to show a decline in revenue for the period. In organic terms (with comparable structure and constant exchange rates), revenue grew 2 percent.
From: http://www.forbes.com/sites/anthonydemarco/2013/04/15/lvmhs-q1-jewelry-and-watch-sales-down-1/
