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Marionnaud Sales Drop 0.5 Percent

PARIS — France’s Marionnaud Parfumeries reported first-quarter 2005 consolidated net sales of 222.9 million euros, or $292.5 million at constant exchange, down 0.5 percent year-on-year.

At constant group structure and exchange,...

PARIS — France’s Marionnaud Parfumeries reported first-quarter 2005 consolidated net sales of 222.9 million euros, or $292.5 million at constant exchange, down 0.5 percent year-on-year.

At constant group structure and exchange, sales were down 0.7 percent.

The chain’s 565 doors in France generated turnover of 138.1 million euros, or $181.2 million, down 4.6 percent in the quarter. Marionnaud’s 678 doors in Switzerland, Spain, Italy, Austria, Portugal, Morocco and Eastern Europe rang up 84.9 million euros, or $111.4 million, an increase of 6.9 percent year-on-year. In the period, 38.1 percent of Marionnaud’s sales came from outside France, compared with 35.4 percent a year ago.

As reported, Marionnaud has been taken over by A.S. Watson, a subsidiary of Hong Kong billionaire Li Ka-shing’s Hutchison Whampoa Ltd. The conglomerate now holds more than 90 percent of the retailer’s capital and voting rights.