Growth in the first nine months for LVMH
15/10/2014
Its leathergoods and fashion division contributed almost €7.7 billion to the total, an increase of 7.4%, although the company made it clear that the addition to the group of Italian fashion brand Loro Piana boosted this figure; it said organic growth in leathergoods and fashion was closer to 3%.
LVMH made it clear it was pleased with the performance of its luxury leathergoods brands and said it is confident of a boost in the fourth quarter of the year for Louis Vuitton from its new Monogram collection of accessories, designed by six high-profile guest designers. It also said Fendi and Céline had performed particularly well, developing impressive leathergoods and footwear collections and strengthening their retail networks.
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