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The luxury French conglomerate recorded a 16% increase in revenue (+11% organic) to €38.4 billion in the first nine months of 2019, with The Fashion & Leather Goods business group achieving organic revenue growth of 18% in the period.
LVMH’s revenue in the third quarter increased 17% year-on-year, with organic revenue growth up 11%, in line with the trend recorded in the first half of the year. According to the Group, the U.S. and Europe saw good progress in the third quarter, as well as Asia, despite the difficult context in Hong Kong. In the first nine months of the year, LVMH’s Fashion and Leather Goods business group is reported to have achieved organic revenue growth of 18%, with the Louis Vuitton label “enjoying a remarkable performance in all its businesses and in all regions” and continuing to strengthen its production capacity with the inauguration of a new workshop in France in September. Read more here.
Christian Dior is also said to have “made remarkable progress”, while the Loro Piana, Loewe and Rimowa labels “enjoyed good progress” and the other Maisons “continued to strengthen”. The Watches and Jewellery business group recorded organic revenue growth of 4% in the first nine months of 2019, driven by jewellery. In watches, TAG Heuer is said to have continued to focus on its iconic lines and Hublot “made solid progress”, continuing to enrich its lines with new models from several collaborations.