LVMH Fashion & Leather Goods register strong growth in Q1
25 Apr '07
3 min read
LVMH Moët Hennessy Louis Vuitton achieved revenue of 3.8 billion euros in the first quarter of 2007. All business groups recorded double-digit organic revenue growth in the period. The US, Asia and Europe performed particularly well due to continued high demand from both local clients and tourists.
Fashion & Leather Goods recorded 10% organic revenue growth in the first quarter of 2007. Louis Vuitton achieved an exceptional performance with double-digit organic growth in all regions except Japan. The beginning of the year has seen numerous innovations in leather.
The new Damier Azur line has also been exceptionally popular. Fendi continued its growth in the first quarter, helped by the success of a new leather line and the sustained progress of its shoe and ready-to-wear lines. The business group's other brands, in particular Marc Jacobs, enjoyed an excellent first quarter.
In Perfumes & Cosmetics, organic revenue growth reached 15% in the first quarter, much better than the performance of the industry overall. The continued success of J'adore and Miss Dior Chérie and the promising launch of the new male fragrance, Fahrenheit 32, have enhanced Parfums Christian Dior's strong growth.
The brand also benefited from the continued progress of the Rouge Dior lipstick and Capture skincare. Guerlain was lifted by the success of Insolence and the strong performance of its Terracotta makeup line. Parfums Givenchy revenue increased, notably thanks to the success of Ange ou Démon. The relaunch of Eaux par Kenzo and the roll-out of KenzoAmour were the principal drivers of Parfums Kenzo's growth.
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