Focus on ‘very high quality’ leather pays off for LV - leatherbiz: Lea Leatherbiz

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Focus on ‘very high quality’ leather pays off for LVMH

31/01/2014
Luxury group LVMH Moët Hennessy Louis Vuitton has reported an “excellent performance” in 2013 with leathergoods being a significant revenue driver once again.
 
The launch of “very high quality” leather products such as the Capucines model at Louis Vuitton pushed organic revenue in the division up 5% to $9.9 billion for the year. 

Fendi also continued to focus on its high-end products and the expansion of its distribution network.

The group maintained good momentum in the US and Asia, and continued to grow in Europe, despite the challenging economic environment.

LVMH CEO Bernard Arnault said: "2013 saw another excellent performance from LVMH despite exchange rate volatility and slower growth in the European markets. In 2014, LVMH intends to further strengthen its global leadership position in high quality products by relying on its sound, long-term strategy."




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