Luxury goods maker LVMH 2008 profit stagnates

PARIS - LVMH Moet Hennessy Louis Vuitton, the Paris-based luxury goods empire, said full year net profit stagnated as the economic crisis crimped sales of Moet & Chandon champagne and TAG Heuer watches.

But sales of Louis Vuitton's Damier Graphite handbags and popular scents such as J'Adore and Dior Homme Sport continued to resist the gloom and led to a growth in fourth-quarter revenue.

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