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LVMH fashion & leather revenue climbs 16% in Q1 FY18
13
Apr '18
Courtesy: LVMH
Courtesy: LVMH
The fashion and leather business of LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, has achieved organic revenue growth of 16 per cent in the first quarter of 2018. The company has recorded total revenue of €10.9 billion in the reported period, an increase of 10 per cent. Louis Vuitton has made a remarkable start to the year.

"The latest fashion show at the Louvre museum in Paris received a warm welcome. Virgil Abloh was named Men’s Artistic Director. Christian Dior Couture, which was consolidated into the Group in July 2017, turned in an excellent performance and appointed Kim Jones as artistic director of Dior Homme. Fendi and Loro Piana grew rapidly in ready-to-wear and shoes. Hedi Slimane has joined Céline as artistic, creative and image director. The other Maisons continue to progress," LVMH press release stated.

In the buoyant environment of the beginning of this year, albeit marked by unfavourable exchange rates and geopolitical uncertainties, LVMH aims to 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 2018, its global leadership position in luxury goods. (RR)

Fibre2Fashion News Desk – India


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