Louis Vuitton continues to drive LVMH’s leather goods performance

Worldwide
Published:  10 October, 2018

French luxury conglomerate, LVMH Moët Hennessy Louis Vuitton, recorded a +10% increase in revenue, reaching €33.1 billion in the first nine months of 2018, with the Fashion & Leather Goods business group achieving organic revenue growth of +14%.

In the third quarter of 2018, LVMH’s revenue increased +10% year-on-year, continuing the trend recorded in the first half of the year and to which all business groups contributed. Organic revenue growth was +10% in the quarter.

In the first nine months of the year, LVMH’s Fashion & Leather Goods business group achieved organic revenue growth of +14%, with Louis Vuitton continuing to drive the category thanks to “the success of its iconic leather goods lines and by exceptional creativity in all its businesses”. Ready-to-wear and shoes, in particular, are said to have experienced strong momentum with an excellent reception of the last two fashion shows of Womenswear and Menswear. According to the Group, Christian Dior enjoyed an excellent performance, while Celine made progress and began a new chapter in its history with the first runway show of Hedi Slimane, “which was a great success and created enormous resonance”. Fendi and Loro Piana “continued to grow”, and the other brands “continued to strengthen”.

The Watches & Jewellery business group achieved organic revenue growth of +14% between January and September 2018, with the TAG Heuer brand continuing to develop its iconic lines and Hublot, which LVMH says grew strongly, opening its first stand-alone boutique in London in the period.

LVMH says it will continue to be vigilant given the uncertain geopolitical and monetary context. The Group is to pursue its strategy focussed on innovation and targeted geographic expansion in the most promising markets, relying “on the power of its brands and the talent of its teams to further extend its global leadership in the luxury market in 2018.”

Louis Vuitton Cruise collection 2019