Home / Knowledge / News / Fashion / Organic 9M revenues grow 4% at LVMH
Organic 9M revenues grow 4% at LVMH
17
Oct '14
Revenues rose by 4% year-on-year at luxury and fashion products marketer – LVMH for the first nine months of 2014, ending September 30.

LVMH said its overall organic sales grew by 4% from €20.62 billion in the first nine months of 2013 to €21.4 billion in the reporting period.

With organic revenue growth of 4% in the third quarter, LVMH said the trend remains comparable to that recorded in the first half of the year.

“An improved growth rate in Europe and the United States during the quarter compensated for the slowdown observed in Asia”, the fashion marketer noted.

The Fashion & Leather Goods business group recorded organic revenue growth of 3% from a year ago period, for the first nine months of 2014.

The segment posted organic sales of €7.67 billion in the nine months of 2014 against €7.13 billion in the comparable period of 2013.

LVMH said Louis Vuitton continued its strong momentum in innovation and creative development driven by Nicolas Ghesquière.

True to the Maison’s spirit of innovation, collaboration and boldness, the launch of the new Monogram collection, as interpreted by six famous designers, will be one of the highlights of the fourth quarter.

Loro Piana remained focused on its strategy of qualitative development. Fendi and Céline made good progress and continued to expand their leather goods and footwear collections while developing their store networks.

“Other brands, such as Givenchy, Berluti and Kenzo, continued to strengthen their positions,” LVMH explained.

LVMH said in an uncertain economic environment, it will continue to focus on innovation and targeted geographic expansion in the most promising markets, on its outlook for the rest of the year.

It also added that 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 2014. (AR)

Fibre2fashion News Desk - India


Must ReadView All

UK retailers may face extra £190 mn in business rates

Apparel/Garments | On 21st Sep 2018

UK retailers may face extra £190 mn in business rates

Retailers in the UK are likely to face an extra £190 million on their ...

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Bangladesh demands better prices for garment items from US

Apparel/Garments | On 21st Sep 2018

Bangladesh demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, ...

Interviews View All

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search