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

Oct '21
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)

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