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LVMH nine months' fashion sales up 14 per cent
10
Oct '17
Courtesy: Louis Vuitton
Courtesy: Louis Vuitton
The Fashion and Leather Goods business of LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded organic sales growth of 14 per cent in the first nine months of 2017. The group recorded 14 per cent increase in revenue, reaching €30.1 billion. Organic revenue also grew 12 per cent compared to the same period in 2016.

The third quarter continued the trend recorded in the first part of the year. The group's revenue increased by 14 per cent, including a negative currency impact of 5 per cent and a positive structural impact of 7 per cent, reflecting notably the integration of Christian Dior Couture, a French luxury goods company.

"Louis Vuitton is still driven by its exceptional innovative strength, illustrated by its first connected watch and its many creations in all its businesses. The qualitative development of its distribution network continues as illustrated by the opening of the Maison Louis Vuitton Vendôme in Paris, which brings together in one place all the know-how of the House. Christian Dior Couture, whose business is consolidated for the first time in the third quarter, achieved an excellent performance," said LVMH in a press release.

The Group will pursue its strategy focused on innovation and targeted geographic expansion in the most promising markets. LVMH is counting on the dynamism of its brands and the talent of its teams to further strengthen its lead in the global luxury market in 2017. (RR)

Fibre2Fashion News Desk – India


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