Home / Knowledge / News / Fashion / LVMH's fashion & leather revenue stable in Q1 2016
LVMH's fashion & leather revenue stable in Q1 2016
12
Apr '16
Louis Vuitton Moet Hennessy (LVMH), a French conglomerate for luxury goods, reported revenue of €2.96 billion in the first quarter of 2016 as compared to €2.97 in the corresponding period last year, representing a stable growth in the quarter at its fashion and leather goods segment, according to a press statement issued by the company.

The segment maintained its growth momentum, especially in its leather goods line, which is shown by its innovations across all areas. Fendi enjoyed an excellent performance, driven by its leather and ready-to-wear lines.

Celine and Kenzo experienced a good start to the year. Donna Karan and Marc Jacobs continue to work on the evolution of their product lines.

The revenue was driven by a strong US market, a well-oriented European market (except France, which is affected by a fall in tourism) and varied Asian markets (Japan continues to progress).

The overall group revenue stood at €8.6 billion in the first quarter of 2016, which is an increase of 4 per cent as compared to €8.3 billion last year. (MCJ)

LVMH will continue to focus its efforts on developing its brands; will maintain a strict control over costs and will target its investments on quality, excellence and innovation of its products and their distribution.

The group will rely on the talent and the motivation of its teams, the diversification of its businesses and the good geographical balance of its revenue to increase its global leadership position in luxury goods. (MCJ)

Fibre2Fashion News Desk

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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