TEAM EFFORT: Consulting firm Bain & Company last week presented LVMH Moët Hennessy Louis Vuitton with its 2006 Best Management Award at The Financial Times luxury summit in Las Vegas. The award was based on peer evaluation and financial performance along with leadership abilities and foresight, LVMH said in a statement. Separately on Friday, Samaritaine, the LVMH-owned department store shuttered last year for renovations to meet fire safety standards, said it would reopen in fall 2011, creating 1,400 jobs. LVMH said it is considering several plans to develop a services-based store, with either a well-being and beauty or household theme.

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