Leathergoods sales boost LVMH
Luxury group LVMH has reported revenue growth of 14% for the first nine months of 2023, with its fashion and leathergoods division growing 16% to €6 billion.
After taking into account the negative 4% exchange rate impact, revenue for the group was up 10%. Europe and Asia achieved double-digit organic growth.
New leathergoods designs buoyed Louis Vuitton, with the first show of men’s creative director Pharrell Williams creating “great enthusiasm”.
The group said Christian Dior “continued to deliver remarkable growth”; Loewe’s growth was driven by “bold leadership” and the success of its leathergoods designs, while Rimowa, Marc Jacobs and Berluti all turned in an “excellent performance”.
LVMH fashion and leathergoods division includes Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc Jacobs and Berluti.
