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Market Watch
Jun 20 - Jul 12, 2001
Gap Inc. Reports Decent June Sales
DALLAS, Jul 12, 2001/ FW/ --- San Francisco-based Gap Inc. reported today sales of $1.3 billion for June, an increase of 12% over $1.1 billion during the same period last year.
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LVMH Reports 12% Growth In Sales For First Half of 2001
PARIS, July 9, 2001--LVMH Moet Hennessy Louis Vuitton (NASDAQ: LVMHY), the world's leading luxury goods group, reported a consolidated sales of 5,643 million Euros in the first half of 2001 , an increase of 12% compared to the first half of 2000.
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Tommy Hilfiger Completes Acquistion of Tommy Europe
NEW YORK, Jul 6, 2001/ FW/ --- As announced last June 29, 2001, Tommy Hilfiger entered a definitive agreement to acquire Tommy Europe, its European licensee. Today, the company confirmed that it has completed the transaction for $200 million, funded from existing cash.
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Gucci Group Acquires Balenciaga
AMSTERDAM, Netherlands, Jul 6, 2001/ --- Gucci Group N.V. (NYSE: GUC; Euronext Amsterdam: GCCI.AS) announces today that it has acquired Balenciaga S.A., owner of the Balenciaga luxury brand.
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Tommy Hilfiger To Acquire Tommy Europe
NEW YORK, Jun 29, 2001/FW/ --- Tommy Hilfiger announced today that it has entered into a defininite agreement to acquire its European arm, T.H. International N.V., the owner of its European licensee, for $200 million in cash.
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