Home / Knowledge / News / Fashion / Louis Vuitton, Christian Dior propel French luxury co LVMH's Q3 growth

Louis Vuitton, Christian Dior propel French luxury co LVMH's Q3 growth

13
Oct '21
Pic: LVMH
Pic: LVMH
Remarkable performance across the Louis Vuitton and Christian Dior brands has led LVMH report a 40 per cent sales growth of €44.1 billion during the third quarter (Q3) of FY21 ended in September 2021, over the same period of prior year. Fashion and leather goods segment expanded 53 per cent during the nine-month period to €21.3 billion (FY20: €13.9 billion).
 
Regionally, the US and Asia (excluding Japan) were the top contributors to the total revenue with 25 per cent and 36 per cent respectively. Contribution from Europe was 15 per cent, while France’s stood at 6 per cent in Q3.
 
According to the French luxury products group, the latest fashion shows in Athens and Paris, which highlighted the inspiring collections of Maria Grazia Chiuri, received an outstanding reception. Following its enormous success in Paris, London and Shanghai, the Christian Dior, Designer of Dreams exhibition opened in New York. 
 
Moreover, at Fendi, Kim Jones’ first collection was successfully rolled out in stores, while Celine enjoyed strong growth in its ready-to-wear and leather goods lines created by Hedi Slimane. Loewe and Marc Jacobs also performed well during the quarter.
 
LVMH’s selective retailing business surged 9 per cent to €7.8 billion (€7.1 billion) with Sephora returning to its 2019 level of activity despite the tough commercial environment, marked by the closure of several stores during part of the year. Online revenue for the segment reported strong growth throughout the world.
 
“In addition to its own stores, Sephora expanded its distribution in the US with its first Beauty spaces within Kohl’s department stores.  After signing a partnership with the European online platform Zalando, Sephora acquired the British online distributor Feelunique, which specialises in prestige beauty. The expansion of its network continued in Asia, particularly in China,” the company said.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 21st Oct 2021

China's FDI inflow up by 19.6% in first 9 months of 2021

Foreign direct investment (FDI) into the Chinese mainland, in actual...

Pic: Ministry of Industry and Trade Web Portal

Textiles | On 21st Oct 2021

Vietnam, Singapore should optimise FTAs to boost cooperation: Minister

Vietnam and Singapore should further optimise free trade agreements...

Pic: Shutterstock

Textiles | On 21st Oct 2021

Demand from China pushes up wool prices in Australia

With Chinese top makers and traders pushing up the demand, large...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

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

Leave your Comments


October 2021

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


Advanced Search