Yesterday LVMH reported +16% revenue growth, with an organic growth of +11%
Best performing category is the #Fashion & Leather Goods with a +20% growth.
Louis Vuitton saw the notable growth of all its categories, supported by the refurbishment of key stores in Florence, London, Monaco and Shanghai.
It also opened a new leather factory in France employing 500 workers to meet growing demand and better manage the stock flow.
Christian Dior Couture accomplished great results across all the product categories. Bravo Maria Grazia Chiuri and Kim Jones and Pietro Beccari.
Parfums Christian Dior is the top performer of the Perfumes & Cosmetics categories thanks to the launch of the new fragrance Joy and to remarkable results of Rouge Dior and Diorskin.
Driver of the +9% growth in Watches and Jewelry was Bulgari that recorded a strong progress thanks to Serpenti, Divas’Dream, Lvcea and the new Fiorever collection.
– Diversification is the most efficient driver of a complex business
– Balanced geographic region is crucial
– Fragrance and cosmetics are great enhancers of the Fashion and Luxury category
The group management vision of Bernard Arnault is paving the road for further success.
But can success be eternal?