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LVMH fashion & leather goods grows 15% in Q1

15
Apr '19
Pic: LVMH
Pic: LVMH
The Fashion & Leather Goods business of LVMH, the world’s leading high quality products group, has achieved organic revenue growth of 15 per cent in the first quarter of 2019. Louis Vuitton continued its remarkable growth across all of its businesses. In order to meet growing demand and to limit stock shortages, a new leather workshop was opened in France.

In the first quarter, the performance of LVMH was exceptional, its creativity ever more striking and innovative, and its Men’s and Women’s Autumn-Winter fashion shows were universally acclaimed. The transformational upgrade of its distribution network continued with highly successful and iconic re-openings, including Florence, London’s Sloane Street, Monaco and Shanghai IFC, LVMH said in a press release.

In the buoyant environment of the beginning of this year, albeit marked by geopolitical uncertainties, LVMH will continue to focus its efforts on developing its brands, maintaining strict control over costs and targeting its investments on the quality, excellence and innovation of its products and their distribution. The group will rely on the talent and motivation of its teams, the diversification of its businesses and the geographical balance of its revenue to reinforce, once again in 2019, its global leadership position in luxury goods. (RR)

Fibre2Fashion News Desk – India


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