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LVMH reports strong Q1 performance from Louis Vuitton

French luxury goods group LVMH reported first quarter sales rose 8% in its fashion and leather goods division, which includes designer label Louis Vuitton.

LVMH said its fashion and leather goods division, which also includes labels such as Fendi, Givenchy, Marc Jacobs and Donna Karan, achieved revenue of €1.73bn (£1.53bn) for the three months to March 31.

The company said Louis Vuitton delivered an “exceptional performance”, driven by sales of its classic lines as well as the success of new lines.

LVMH said Louis Vuitton performed well in Europe, the US and Asia following a positive reception for its reworked classic pieces.

The company added that Fendi also had a strong start to 2010 due to store growth.

LVMH’s total revenue was €4.5bn (£4bn), up 11% from the same period in 2009. The company achieved growth across all sectors.

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