Market Dynamics

LVMH announces €20.7bn revenue for the first nine months of 2013

Time: 2013-10-31 Source from: www.cosmeticsbusiness.com

 

LVMH Moët Hennessy Louis Vuitton has recorded revenue of €20.7bn for the first nine months of 2013, an increase of 4% over the comparable period in 2012. Organic revenue, with comparable structure and constant exchange rates, grew by 8%.
 
The luxury products group's Perfumes & Cosmetics business registered organic growth of 5% for the period, fuelled by the success of Parfums Christian Dior's J'Adore and Dior Homme fragrances, and the strong performance of Fresh, Benefit and Make Up For Ever in Asia, where the brands are expanding their distribution.
 
Its Selective Retailing business, meanwhile, achieved organic revenue growth of 19% for the first nine months of 2013, with luxury beauty retail chain Sephora continuing to gain market share in key regions.
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