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Watches & Jewelry maker LVMH posts fine H1 performance
26 Jul '05
4 min read
The other fashion brands of the Group have also seen buoyant sales growth over the first half of 2005. Fendi continued its momentum and opened its new Fendi Palace boutique in Rome.
Perfumes & Cosmetics, the good momentum of Parfums Christian
Dior continued with sustained growth. The new perfumes, Pure Poison, Miss Dior Cherie, and the make-up and skincare lines, are showing strong growth.
L'Instant and the skin care products continue to support the growth of Guerlain.
With a 15 percent organic sales increase, Watches & Jewelry once again confirmed strong growth over the entire first half of 2005 after an excellent performance in 2004. The performance of TAG Heuer was particularly strong in the US and in Asia. Zenith recorded strong sales growth across all its markets. The momentum of Chaumet continues.
In the Selective Retailing business group, DFS continues to grow, particularly in Asia. Sephora continues to deliver good performance in Europe. In the US, sales growth is accelerating with, once again, a double-digit increase on a comparable store basis.
LVMH works to capitalize on its worldwide leadership, excellent geographical sales balance, its innovation policy, the quality of its products and the talent of its teams to accelerate its development in a growing worldwide market.
Over the second half, LVMH will focus on developing market share for its leading brands and on a series of new product launches. The first half performance allows LVMH to confirm its objective of a tangible increase in operating income for 2005.
Perfumes & Cosmetics, the good momentum of Parfums Christian
Dior continued with sustained growth. The new perfumes, Pure Poison, Miss Dior Cherie, and the make-up and skincare lines, are showing strong growth.
L'Instant and the skin care products continue to support the growth of Guerlain.
With a 15 percent organic sales increase, Watches & Jewelry once again confirmed strong growth over the entire first half of 2005 after an excellent performance in 2004. The performance of TAG Heuer was particularly strong in the US and in Asia. Zenith recorded strong sales growth across all its markets. The momentum of Chaumet continues.
In the Selective Retailing business group, DFS continues to grow, particularly in Asia. Sephora continues to deliver good performance in Europe. In the US, sales growth is accelerating with, once again, a double-digit increase on a comparable store basis.
LVMH works to capitalize on its worldwide leadership, excellent geographical sales balance, its innovation policy, the quality of its products and the talent of its teams to accelerate its development in a growing worldwide market.
Over the second half, LVMH will focus on developing market share for its leading brands and on a series of new product launches. The first half performance allows LVMH to confirm its objective of a tangible increase in operating income for 2005.
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