And what we try to do is really managing this balance, increasing the network, but not too much. Shortly thereafter he spearheaded a reorganization of Financiere Agache following a development strategy focusing on luxury brands. I wonder how you would update us on how this is evolving?
Operator We still have two questions. We had a nice pickup in organic margins. Last year, LVMH launched the multi-brand platform "24 sevres," which is intended to become an analogue of the platforms like Farfetchbut exclusively with the brands included in the LVMH group.
And just helping us understand the drag that come from Rimowa in the second half? As I mentioned, profitability is much stronger in this business after the termination of the loss-making hedge at Hong Kong International Airport concessions.
And last but not least, I was interested in a comment, if you can, on the pressures, if I may call them that way, that the Chinese government is putting on realigning prices between Europe and China on the back of cutting of import duties. Having a look at the current operating profit on Slide 32 with the impact of currency fluctuations and acquisitions.
I mentioned it a few times. Most of our markets are well oriented as H1 numbers show. And my second question is related to Watches and Jewelry. So as you know, there is quite a bit of nervousness in the investor community regarding potential slowdown in Chinese demand.
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So we are quite of -- quite, quite far off the current level for the dollar and more or less in line with the yen. As far as digital innovation is concerned, I think there are different situations within the group.
Should we expect any change in contribution from physical retail space in the second half for LV and non-LV brands, given your plans in e-commerce? I look forward to discussing with you in October our Q3 numbers.
We intend to improve the margins at Dior. Chris Hollis Thanks, Jean-Jacques. A big chunk of it is structural. And finally, your question on the fashion leather division, which margin improved quite a bit.LVMHY: Get the latest LVMH Moet Hennessy Louis Vuitton stock price and detailed information including LVMHY news, historical charts and realtime prices.
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