LVMH sales increase 11% in Q1

22/04/2005

French luxury products group, LVMH Moët Hennessy Louis Vuitton, has reported an organic sales growth of 11% in the first quarter of 2005 taking consolidated sales to €3,082 million for the period, with all of the company’s business areas achieving double-digit growth.

In Fashion & Leather Goods, Louis Vuitton continued to achieve double-digit growth. The company stated that the brand has continued to grow in the USA after an excellent 2004 and there had also been a good start to the year in Europe. A return to growth has been achieved in Japan and the Asian markets progressed strongly, driven by growing tourism, notably from China, in the first quarter. The start of the year was marked by the huge success of the new Monogram Cerises line which should continue throughout 2005.

Among the other fashion brands, Celine, Marc Jacobs, Pucci and Berluti all enjoyed a good start to the year and Fendi achieved double-digit sales growth in its stores.