Louis Vuitton enjoys 15% growth in sales
(Agencies)
Updated: 2006-04-23 10:11
LVMH Moet Hennessy Louis Vuitton, the world’s leading luxury products group,
achieved revenue of 3.6 billion euros in the first quarter, representing
growth of 15% over the same period last year - a comparative period where
revenue had also seen double-digit growth.
Fashion & Leather Goods revenue grew 14 % over the quarter. Louis Vuitton
continued to deliver double-digit organic revenue growth, recording exceptional
progress in the US and in Asia. Europe also saw rapid progress, notably due to a
strong performance from the new Maison on the Champs Elysées.
New leather good products, alongside the traditional lines, were very well
received with several models quickly moving to waiting lists.
Fendi continued its rapid expansion and its leather goods revenue grew
strongly over the period. The Spy range and the B.Fendi collections are two
examples of the brand’s excellent potential and improvements in the distribution
network continue. The group’s other brands enjoyed a very good start to the
year.
Parfums Christian Dior increased its momentum around the world, notably due
to the extraordinary success of the Capture Totale skincare range and its
make-up lines.
In perfumes, existing products continue to grow well and contributed to the
strong revenue growth. Guerlain benefited from the excellent launch of its new
Orchidée Impériale skincare product and further progress with the KissKiss
make-up range.
Revenue of Parfums Givenchy was driven by ‘vintage’ expressions of its
Organza, Amarige and Very Irresistible lines.
BeneFit Cosmetics recorded another period of double-digit revenue
growth.
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