By and  on April 15, 2010

PARIS — The world’s largest luxury group plans measured expansion this year given the uncertain scale of the economic rebound and its conviction that some scarcity fuels desire.

“[This year] has started off well.…I’m confident enough. Still, I think it’s necessary to be prudent,” Bernard Arnault, LVMH Moët Hennessey Louis Vuitton chairman and chief executive officer, told the company’s annual shareholders’ meeting Thursday.

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