Home / Knowledge / News / Apparel/Garments / LVMH organic revenue up 7% in Q1
LVMH organic revenue up 7% in Q1
16
Apr '13
LVMH Moët Hennessy Louis Vuitton, the world’s leading high quality products group, recorded a 6% increase in first quarter 2013 revenue to 6.9 billion Euros. Organic revenue growth was 7% compared to the same period in 2012, which saw a sharp rise.

The Group continued at the start of the year to perform in line with the trends of the second half of 2012 with strong growth in Asia and the United States, while Europe demonstrates good resistance despite a challenging economic environment.

The Wines & Spirits business group recorded organic revenue growth of 7% in the first quarter of 2013. Champagne was notably robust in Asia, which compensated for softer demand in Europe. Hennessy cognac continued its excellent momentum, with a solid performance in the United States and rapid growth in China. Other spirits, including Glenmorangie and Belvedere, experienced a good start to the year.

The Fashion & Leather Goods business group recorded organic revenue growth of 3% in the first quarter of 2013. With a strategy founded on the innovation and quality of its products and their distribution, Louis Vuitton continued its progress. Louis Vuitton relies on its incomparable know-how to further strengthen its product lines in order to offer its clients the highest quality and best service. Fendi benefited from continued developments in fur and leather and pursues its program of enlarging its store network. Céline made excellent progress in its own stores. The other brands continued to develop well.

In Perfumes & Cosmetics, organic revenue growth was 5% in the first quarter of 2013. Christian Dior recorded further solid growth thanks to the vitality of its perfumes and, in particular, the continued strength of J’adore, Miss Dior and Dior Homme. The new lipstick Dior Addict and the premium skincare Prestige also contributed to the brand’s growth. Guerlain continued to benefit from the strong momentum of La Petite Robe Noire and the success of its high-end skincare Orchidée Impériale. Givenchy rolled out its fragrance Gentlemen only, with Simon Baker as its muse. Benefit and Fresh continued to strengthen their positions thanks to their strongly innovative products.

The Watches and Jewellery business group recorded organic revenue growth of 2% in first quarter 2013, on top of a strong performance in the same period in 2012. This performance was achieved in a context of prudent buying by multi-brand retailers. TAG Heuer’s first quarter was marked by the 50th anniversary of its Carrera line and the new partnership with McLaren which was announced at the Geneva Motor Show. Hublot and Zenith also had a good start to the year. In jewelry, Bulgari confirmed the success of its Serpenti line and recorded strong revenue growth in its own stores.

In Selective Retailing, organic revenue growth stood at 17% in the first quarter of 2013. DFS recorded an excellent performance driven by the continued growth in Asian tourism despite a decline in expenditure from Japanese tourists resulting from the weaker Yen. Sephora gained market share in all its regions and continued to expand its global store network with, in particular, the opening in Shanghai of its largest store in China. Online sales also experienced rapid growth during the period.

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search