Louis Vuitton records double-digit organic revenue growth
15 Oct '07
3 min read
Watches & Jewelry business group saw organic revenue growth of 22% in the first nine months of the year. TAG Heuer registered strong growth thanks to the excellent performance of its Carrera, Aquaracer and Link lines. Zenith made particularly remarkable advances in the Middle East, Russia and the US. Dior continued its progress thanks to the success of Christal, notably in Europe and Asia. Chaumet and De Beers made significant progress.
In Selective Retailing, DFS benefited from the growing number of Asian travelers and saw rapid growth in Hong Kong and Singapore. Sephora continued to win market share in Europe and in the US and to expand its business in the Middle East and China. Its store network has grown at a steady rate.
Outlook: LVMH relies on the considerable appeal of its products and brands to continue the momentum it has enjoyed since the beginning of the year, in a very well-oriented global economic environment, moderated by the weight of the excessive valuation of the Euro felt by European producers; in this context, LVMH confirms its objective of a significant increase in its results in 2007.
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