What first-half figures say about Louis Vuitton and Gucci
27/07/2018
In light of the figures both parent groups, LVMH and Kering, respectively, released at the end of July for the first half of 2018, the analyst predictions appear to be on track.
LVMH, does not break out figures for its individual leathergoods brand, but received wisdom is that Louis Vuitton revenues account for two-thirds of the overall results it publishes for its leathergoods and fashion division. This would give Louis Vuitton sales figures of around €5.7 billion for the first six months of this year.
Kering, on the other hand, publishes the results for all of its brands and gave a figure of more than €3.8 billion for Gucci’s revenues in the first half of 2018.
On this basis, bearing in mind that the figure for Louis Vuitton is not confirmed, its lead over Gucci would be 50%.
This time last year, Louis Vuitton’s estimated revenues for the first half were €4.6 billion, while the confirmed figure for Gucci was just over €2.8 billion; the gap between them, therefore, was 64.2%.
This shows that the analysts’ predictions are proving accurate: the gap between Louis Vuitton and Gucci is still substantial, but it is narrowing.
Image: Louis Vuitton is still top of the heap.
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