Strong sales drive LVMH Moet Hennessy Louis Vuitton empire, with uber-successful Louis Vuitton new lines and revamped Fendi image.
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, announced financial results for the 2005, boasting good sales growth across all business groups, especially in Louis Vuitton brand.
Louis Vuitton posted double-digit organic sales growth in 2005. After the Cerises line, the chic Denim and summery canvas Antigua collections, which have just been launched, are already attracting waiting lists around the world.
The other fashion brands of LVMH have also seen buoyant sales growth over the first half of 2005. Fendi continued its momentum and opened its new Fendi Palace boutique in Rome.
Parfums Christian Dior continued with sustained growth. The new perfumes, Pure Poison, Miss Dior Cherie, and the make-up and skincare lines, are showing strong growth.
L’Instant and the skin care products continue to support the growth of Guerlain.
With a 15% organic sales increase, the performance of TAG Heuer was particularly strong in the US and in Asia. Zenith recorded strong sales growth across all its markets. The momentum of Chaumet continues.
Sephora continues to deliver good performance in Europe. In the US, sales growth is accelerating with, once again, a double-digit increase on a comparable store basis.