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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).


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