By  on July 27, 2007

PARIS — The dollar and yen may be sliding against the soaring euro and there still might be some concerns about the Japanese market, but LVMH Moët Hennessy Louis Vuitton and PPR remain bullish about luxury.

"The demand is formidable," LVMH chief Bernard Arnault told a meeting of analysts and reporters here Thursday, as he disclosed that the group's net profits through the first six months of the year rose 2 percent as sales gained 6 percent. "There's great dynamism in all of our activities. The results are remarkable [given the currency-exchange environment]."

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