Home / Knowledge / News / Fashion / LVMH refuses to do business with Amazon, for now
LVMH refuses to do business with Amazon, for now
Oct '16
Moët Hennessy Louis Vuitton, popularly known as LVMH, has refused to do business with e-commerce giant Amazon, at least for the time being as it believes that it is not an appropriate platform for the brand's products. The web portal sells products from brands such as Kate Spade, Calvin Klein and Michael Kors but fails to attract the big names.

In a conference call with investors after announcing the group's quarterly sales, LVMH group chief financial officer Jean-Jacques Guiony said that the business of Amazon does not fit with the brand and there is no way the group can do business with them for the time being, media reports said.

The LVMH group recorded a 4 per cent increase in its revenue, reaching €26.3 billion, for the first nine months of 2016. Organic revenue grew 5 per cent compared to the same period in 2015, says the company's website.

With organic revenue growth of 6 per cent, the third quarter saw an acceleration compared to the first half of the year. Asia, excluding Japan, showed a significant improvement during the quarter. “The United States remains well positioned, as does Europe, with the exception of France which continues to feel the impact of a decline in the number of tourists,” LVMH said.

The fashion business of the group recorded organic revenue growth of 2 per cent for the first nine months of 2016 with an acceleration in the third quarter. Fendi generated a significant revenue growth. Céline, Loewe and Kenzo also experienced good growth.

Marc Jacobs continued the repositioning of its collections and Loro Piana inaugurated a flagship store in Paris. The group also said in its report that an agreement was announced for the sale of the Donna Karan business. Online sales of the group's luxury products also increased in all regions. (KD)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Md Hanifur Rahman
Aman Group

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search