Archive for the ‘LVMH’ Category

Fashion & Style News: Luxury Goods Are Still Selling

April 14, 2010
 Everybody loves a Louis Vuitton.

The recession isn’t stopping some luxury brands from raking in the cash. LVMH (Louis Vuitton Moet Hennessey) have seen significant improvement in the sales of their brands. March ended with about $6.2 million in sales $5.26 million during that time in 2009. In plain English, sales increased by 13%.

LVMH has seen dramatic increased in all of its business divisions including a 10% increased fashion and leather goods; 12% in perfumes and cosmetics; 13% in selective retailing; 20% in wines and spirits, and 34% in watches and jewelry.

Donna Karan and Marc Jacobs, who also fall under the LVMH umbrella saw an increase in sales as well, while Celine closed up shop at a few of their stores. Dior revenues reached nearly $250 million compared last year’s $221 million. Sometimes you just can’t keep a good brand down. 

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