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LVMH fashion & leather revenue up 14% in nine months

11
Oct '18
Courtesy: LVMH
Courtesy: LVMH
The fashion and leather goods business of LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, has achieved an organic revenue growth of 14 per cent in the first nine months of fiscal 2018. Louis Vuitton continues to be driven by the success of its iconic leather goods lines and by exceptional creativity in all its businesses.

In the reported period, ready-to-wear and shoes, in particular, experienced strong momentum with an excellent reception of the last two fashion shows of womenswear and menswear.

The group recorded a 10 per cent increase in revenue, reaching €33.1 billion in the first nine months of fiscal 2018. Organic revenue grew 11 per cent compared to the same period in fiscal 2017. In the third quarter, revenue was up 10 per cent compared to the same period in fiscal 2017, a performance which continued the trend recorded in the first half of the year and to which all business groups contributed.

In an uncertain geopolitical and monetary context, LVMH will continue to be vigilant. The group will pursue its strategy focused on innovation and targeted geographic expansion in the most promising markets. LVMH will rely on the power of its brands and the talent of its teams to further extend its global leadership in the luxury market in 2018, LVMH said in a press release. (RR)

Fibre2Fashion News Desk – India


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