LVMH global revenue rose 16 per cent in the first quarter of this year, with Asia and every other geographical market fuelling growth. Organic growth – excluding acquisitions – was 11 per cent higher than the same period last year. The fashion-and-leather-goods business saw organic sales rise 15 per cent.
“Louis Vuitton continued its remarkable growth across all of its businesses. Its performance was exceptional, its creativity ever more striking and innovative, and its men’s and women’s Autumn-Winter fashion shows were universally acclaimed,” the company said in a statement.
In selective retailing, organic revenue rose 8 per cent, with Sephora recording strong revenue growth and market share gains during the period. Online sales grew strongly and DFS grew “at a steady pace”. – “The Gallerias of Hong Kong and Macao performed particularly well,” the company reported.
