LVMH Moët Hennessy Louis Vuitton has released earnings results in which sales increased by 11% to $38 billion for the third fiscal quarter 2018.
According to an article on The Fashion Law, LVMH Moët Hennessy Louis Vuitton, Parent company of Louis Vuitton, Dior, Givenchy, and more has released earnings results in which sales increased by 11% to $38 billion for Q3 compared to last year. Fashion and Leather Goods increased by 20%, Perfume and Cosmetics increased by 8%, and Watches and Jewelry increased by 8% as well.
LVMH Releases a statement saying,
“Louis Vuitton continues to be driven by the success of its iconic leather goods lines and by exceptional creativity in all its businesses. Ready-to-wear and shoes, in particular, experienced strong momentum with an excellent reception of the last two fashion shows of Womenswear and Menswear.”
The company continued to say,
“a new communication for Louis Vuitton perfumes was unveiled, marking the launch of the brand’s latest perfume creation. Christian Dior, consolidated since the second half of 2017, enjoyed an excellent performance. Celine made progress and began a new chapter in its history with the first runway show of Hedi Slimane, which was a great success and created enormous resonance. Fendi and Loro Piana continued to grow. The other brands continued to strengthen.”
The company also said that, “Sephora’s strong organic revenue growth, particularly in North America and Asia. The expansion and renovation of its distribution network is continuing with a new store concept in China and the first Sephora-branded store in Russia.” Sephora as well as Le Bon Marché are retailers the company owns, which Retailing increased by 2%.
As for Perfumes and Cosmetics, Parfums Dior had the most sales. Dior perfumes and cosmetics are quite popular like those of brands like Chanel, which makes some of the most popular perfumes in the world. The brand has also released quite a few ad campaigns for its cosmetics and beauty products, which probably made sales increase as well.
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