LVMH’s focus on leathergoods pays off

16/10/2013
The desire for leathergoods is showing no sign of abating as luxury group Moët Hennessy Louis Vuitton reported revenue growth of 4% for its fashion and leathergoods division the first nine months of the year at $7.1 billion.

The Louis Vuitton brand said its latest leathergoods designs had been “very successful”.

Fendi “continued to focus leathergoods” and its third quarter was marked by the opening of stores in Paris and Milan.

Céline showed “excellent momentum”, supported by its leathergoods and shoe lines. Other brands continued their development.

As a group, LVMH recorded revenues of €20.7 billion for the first nine months, an increase of 4% over the comparable period in 2012.