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LVMH sees 15% growth in Fashion & Leather Goods

31
Jan '19
Courtesy: Dior/ LVMH
Courtesy: Dior/ LVMH
The Fashion & Leather Goods business of LVMH Moët Hennessy Louis Vuitton, one of the world’s leading luxury products groups, has achieved organic revenue growth of 15 per cent in fiscal 2018. Profit from recurring operations was up 21 per cent. Louis Vuitton has delivered an exceptional performance, to which all businesses and regions contributed.

"LVMH had another record year, both in terms of revenue and results. In particular, profit from recurring operations crossed the €10 billion mark. The desirability of our brands, the creativity and quality of our products, the unique experience offered to our customers, and the talent and the commitment of our teams are the Group’s strengths and have once again made the difference. In 2019, LVMH will continue its strong dynamic of innovation, targeted investments, combining tradition and modernity, long-term vision and responsiveness, entrepreneurial spirit and a sense of responsibility. In an environment that remains uncertain, we can count on the appeal of our brands and the agility of our teams to strengthen, once again in 2019, our leadership in the universe of high quality products," Bernard Arnault, chairman and CEO of LVMH, said.

Christian Dior had an excellent first full year within LVMH thanks to the creativity of Maria Grazia Chiuri for the women’s collections and to the arrival of Kim Jones, the new artistic director of Dior Homme. Fendi and Loro Piana continued to assert their know-how throughout their collections. Celine entered a new and ambitious stage of its development with the arrival of Hedi Slimane as artistic, creative and image director of the brand. His first runway show in October was a global success. Givenchy, Loewe and Kenzo progressed well. The other brands, Berluti with the arrival of Kris Van Assche, and Rimowa continued their dynamic momentum. (RR)

Fibre2Fashion News Desk – India


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