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: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Marten Alkhagen
Swerea IVF AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search