LVMH reports sales in fashion and leather goods up 2 - leatherbiz: Lea Leatherbiz

News

LVMH reports sales in fashion and leather goods up 22% in first quarter

25/04/2002

Results for French luxury goods group LVMH Moet Hennessy Louis Vuitton in the first quarter of 2002 show fashion and leather goods as the company’s best performing sector with sales up 22% to 1.087 billion euros ($967.26 million) from 891 million euros in the same period last year. The results are particularly strong given the continued tough trading conditions in the travel retail sector.

Total sales for LVMH in the first quarter of 2002 were up 8% to 2.955 billion euros from 2.745 billion over the same period last year. After fashion and leather, the next best performing sector was wine and spirits, which recorded a 19% rise in sales from 384 million euros to 457 million euros.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.