10 Apr '18, 8am

Louis Vuitton parent company Q1 sales jump

LVMH has posted better-than-expected sales growth in its first quarter, helped by thriving appetite for luxury goods among Chinese consumers. For the period ending March 31, the luxury fashion and alcohol giant – which owns high street retailers Louis Vuitton, Christian Dior, Fendi, Sephora and Thomas Pink – recorded revenue of €10.9 billion (£9.48 billion). This equated to a 10 per cent overall increase on a reported basis and 13 per cent on an organic growth basis. READ MORE: LVMH boasts record results for 2017 thanks to fashion power brands LVMH’s fashion and leather goods division was the star performer, with revenue growing 25 per cent on a reported basis during the first quarter, or 16 per cent on an organic basis. Its watches and jewellery arm also did well, with a nine per cent uptick on a reported basis or 20 per cent on an organic basis, while perfumes and cosmet...

Full article: https://www.retailgazette.co.uk/blog/2018/04/louis-vuitto...

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