Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Louis Vuitton records double-digit growth in 2009

Luxury brand Louis Vuitton has recorded “double-digit revenue growth” in 2009, providing a lift for parent group LVMH.

French luxury goods group LVMH said that Louis Vuitton had been its “leading” performer during 2009.

For the fourth quarter of 2009, LVMH’s fashion and leather goods division, which also includes Marc Jacobs, Fendi and Donna Karan, saw revenue up 5% to € 6.3bn (£5.5bn).

Profit for the division was also up, with a 3% lift to € 1.98bn (£1.73bn).

LVMH said that Louis Vuitton led the growth, but that overall the fashion and leather goods division was boosted by updating best selling product, and by the performance of men’s accessories and footwear line Damier Graphite.

Revenue for the whole LVMH group in the fourth quarter was down 1% to €17bn (£14.8bn). Profit fell 8% to € 3.5bn (£3bn).

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.