Strong start to the year for LVMH
French luxury goods group LVMH (Moët Hennessy Louis Vuitton), has reported a strong start for 2004, with first quarter organic sales growth of 10% (€2.8 billion).
Revenues for the fashion and leather goods division rose 7% to €1.07 billion with the Louis Vuitton brand continuing to achieve double-digit organic sales growth. LVMH said the brand’s new collection of Damier Géant luggage and the latest range from Marc Jacobs were a hit with consumers.