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LVMH fashion revenues soar

LVMH’s fashion and leather goods division’s revenue grew 15% in the year to 31 December 2018, compared with 2017.

The French luxury group’s revenue increased from from €15.5bn in 2017 to €18.5bn (£13.5bn to £16.1bn), which it attributed to the continued success of Louis Vuitton, particularly leather goods, ready-to-wear and footwear. 

The fashion house did not disclose revenue by brand but said Christian Dior had had an “excellent first full year”, while brands Givenchy, Loewe and Kenzo “progressed well”.

Celine made progress following designer Hedi Slimane’s first catwalk show in October, which “was a global success”.

Revenue grew by double-digit percentages across some of its other sectors, including watches and jewellery (12%) and perfumes and cosmetics (14%). Wine and spirits revenue rose by 5%.  

Overall reported revenue growth for the business was up 11% on 2017 to €46.8bn (£40.8bn). 

Bernard Arnault, chairman and chief executive of LVMH, said: “In an environment that remains uncertain, we can count on the appeal of our brands and the agility of our teams to strengthen, once again in 2019, our leadership in the universe of high-quality products.”

 

 

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