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SELECTIVE RETAILING

The Selective Retailing business group comprises Sephora, the world s leading

selective beauty retailer, Le Bon Marché, a Paris department store with a unique

atmosphere, and travel retailers DFS and Starboard Cruise Services.

OTHER ACTIVITIES

Other activities include Groupe Les Echos, which comprises leading French

business and cultural news publications; Royal Van Lent, the builder of high-end

yachts marketed under the brand name Feadship; Cheval Blanc and Belmond,

which are developing a collection of exceptional hotels.

LVMH AT A GLANCE