Home / Knowledge / News / Fashion / LVMH's Q1 revenue rises 16%
LVMH's Q1 revenue rises 16%
14
Apr '15
French multinational luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton has recorded a 16 per cent year-on-year increase in revenue in the first quarter of 2015 to €8.3 billion. According to an LVMH statement, organic revenue growth was 3 per cent compared to the same period in 2014. 
 
The group recorded excellent momentum in Europe and the US. The fashion and leather goods business group grew 13 per cent overall while organic growth was 1 per cent. The statement said Louis Vuitton displayed strong creative momentum with growth in its legendary lines and the unveiling of many new products at its most recent shows that boosted the first quarter’s revenue. 
 
The watches and jewellery business group recorded organic revenue growth of 7 per cent and an overall growth of 19 per cent in the first quarter of 2015. LVMH watch brands introduced several innovations at the Basel watch fair, during which a partnership among TAG Heuer, Google and Intel to launch a smartwatch was announced.
 
LVMH said it will continue to focus its efforts on developing its brands and will maintain a strict control over costs and will target its investments on the quality, the excellence and the innovation of its products and their distribution. (SH)
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Medio banca

Fashion | On 19th Feb 2019

6.6% average annual sales growth in Italy's fashion sector

The Italian fashion sector accounted for 1.3 per cent of its economy...

China drove Italian footwear exports in 2018: MICAM

Apparel/Garments | On 19th Feb 2019

China drove Italian footwear exports in 2018: MICAM

China has been driving Italy's footwear exports in 2018 with a 20 per ...

Boosting yarn production can revitalise Bangla silk sector

Textiles | On 19th Feb 2019

Boosting yarn production can revitalise Bangla silk sector

Boosting yarn production in Bangladesh could help revitalise the silk ...

Interviews View All

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

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

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


February 2019

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

news category


Related Categories:

Advanced Search