Louis Vuitton’s profits increase tenfold in Finland

Recession did not affect the luxury goods retailer’s booming business in Finland.

Luxury leather goods and fashion retailer Louis Vuitton increased its turnover by a third to EUR 5.9 million and its profits ten-fold to almost half a million euros in Finland in 2009.

The return on investment was excellent at 34.5% during what was only Louis Vuitton’s second year of operations in Finland. In 2008 the company’s profits were EUR 50,000.

The company does not have any bank loans but does owe just under two million euros to its parent company Louis Vuitton Malletier SA, which funded the establishment of the store in Helsinki.

Source: Kauppalehti