PARIS — Bernard Arnault, the bullish chairman of LVMH Moët Hennessy Louis Vuitton, likes to brag that the French luxury giant can outpace the tough economy.

"It’s the company that matters," Arnault told a meeting of press and analysts here on Thursday as LVMH reported double-digit increases in first-half operating profit and net income before goodwill amortization. "It’s creative products and entrepreneurial management that makes the difference. LVMH is unlike other luxury groups."

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