LVMH : a 4% increase in revenue to €26.3bn

LVMH has released financial reports for the first nine months of 2016, showing a 4% increase in revenue to €26.3bn.

Map Of Brands In Luxury Fashion: LVMH - LVMH-Moet Hennessy Louis Vuitton ADR (OTCMKTS:LVMUY) | ph@Seeking Alpha


Perfume and cosmetics was the group's strongest division with the success of brands's product lines  as Parfums Christian Dior, Kat Von D, Benefit and Make Up Forever, fragrance Kenzo World,..

In retail, Sephora has gained market share in all of its markets and recorded double-digit revenue growth. This was helped by online sales which increased in all regions and new stores.

Sales in Asia improved significantly, aside from in Japan. The company also performed well in Europe and the US, with the exception of France where reduced levels of tourism have dented sales this year.

LVMH will be further extend its global leadership in the luxury market in 2016.

Related Articles