×
480
Fashion Jobs
TOO FACED
Business Manager - Boots Brentwood, UK
Permanent · BRENTWOOD
JOSEPH LTD
Full Time Menswear Supervisor (Mayfair)
Permanent · LONDON
MICHAEL KORS
Account Executive
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Flagship General Manager – Luxury Fashion – Regent st – £80k-£90k + Bonus
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Online Customer Service Manager
Permanent · HUNGERFORD
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Kings Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Notting Hill
Permanent · LONDON
TOO FACED
Business Manager - Boots Chelmsford
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Showroom Sales Representative
Permanent · LONDON
TOO FACED
Business Manager - Debenhams, Oxford Street
Permanent · LONDON
TOO FACED
Business Manager - John Lewis Brent Cross
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Ltrtw & Mtm Client Service Manager – Luxury Ladieswear – Knightsbridge – £30k-£40k + Comm
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Haute Couture Client Service Manager – Luxury Ladieswear – Mayfair– £40k-£60k + Comm
Permanent · LONDON
MAJE
Sales Supervisor, Full-Time - Harrods, London
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Canary Wharf
Permanent · LONDON
HEAD OFFICE
Brand Manager
Permanent · LONDON
BETTY BARCLAY GROUP GMBH & CO KG
Retail Operations Manager
Permanent · LONDON
RETAIL PERM
Beauty Salon Manager
Permanent · LONDON
TOO FACED
Business Manager - Liverpool - New Mersey Retail pk (Speke), UK
Permanent ·
TOO FACED
Business Manager - Lisburn Sprucefield sc, UK
Permanent ·
Advertisements

Louis Vuitton keeps rivals on their toes with strong first quarter

By
Reuters API
Published
today Apr 10, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Louis Vuitton owner LVMH on Wednesday set a high bar for rival luxury goods companies trying to capitalize on Chinese demand for high-end handbags and clothing, with stronger-than-expected sales growth in the first quarter.


Louis Vuitton



The conglomerate, which owns other labels such as Christian Dior in fashion or Krug in champagne, was boosted by a strong performance in its leather goods unit in particular, while sales of spirits like cognac improved from a quarter earlier.

Its performance bodes well for other companies which derive much of their profit from high-margin handbags, and which have proved a hit with consumers in recent years, like Kering’s Gucci or Birkin bag maker Hermes.

The group, which cited a “buoyant environment” at the started of the year, posted revenue of 12.5 billion euros ($14.1 billion) in the period, up 16 percent as reported.

They rose 11 percent on a like-for-like basis, which strips out currency swings and the impact of acquisitions or disposals, beating analyst forecasts and marking an acceleration from the 9 percent growth notched up a quarter earlier.

The company did not break out its performance by region, with more details due during a conference call on Thursday.

But it had previously flagged enduring demand in China at the start of 2019, a key market for luxury brands now trying to increasingly court Chinese consumers on their home turf.

Sales at LVMH’s leather goods unit, which is largely driven by Vuitton, rose 15 percent, beating the roughly 11 to 12 percent growth expected by analysts.
 

© Thomson Reuters 2019 All rights reserved.