Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have s disabled. For the best experience of this website, please enable s in your browser

LVMH revenues rise despite 'uncertain' global environment

Dior rtw fw17 1177

Luxury group LVMH, owners of brands including Dior, Louis Vuitton and Celine, has announced rising revenues for the first nine months of 2017, fuelled in part by a 14% rise in sales of fashion and leather goods.

However, the brand warned that it would have to “continue to be vigilant” thanks to an “uncertain geopolitical and currency environment”.

Sales at LVMH grew 14% to €30.1bn (£26.92bn), with fashion sales reaching €10.83bn (£9.66bn) for the period.

The brand highlighted both Louis Vuitton and Dior as performing well, with both brands showing retrospective exhibitions in Paris during the period. Fendi, Loro Piana, Celine and Loewe were also reported to be performing strongly. LVMH sold the US brand Donna Karan at the end of 2016.

The group said it will ”rely on the power of its brands and the talent of its teams to further extend its global leadership in the luxury market in 2017.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.