×
1 863
Fashion Jobs
EUDON CHOI
Production Manager
Permanent · LONDON
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
SHISEIDO
Marketing Director - Shiseido, Clé de Peau Beauté, Drunk Elephant
Permanent · London
By
Reuters API
Published
Apr 9, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

LVMH beats sales forecasts in first-quarter in boost for luxury sector

By
Reuters API
Published
Apr 9, 2018

Louis Vuitton owner LVMH posted a better-than-expected rise in first quarter sales on Monday, pointing to undiminished appetite from Chinese consumers that should boost luxury goods rivals too.


Christian Dior - Fall-Winter2018 - Womenswear - Paris - © PixelFormula



Paris-based LVMH, the industry’s biggest company and parent to labels like Christian Dior and champagne house Moet & Chandon, benefited like many peers from a rebound in Asian demand last year and a growing following from younger shoppers.

That momentum has spilled into 2018, at a time when LVMH is shaking up some of its biggest brands like Vuitton and Dior with designer changes in menswear, and seeking to expand others like Celine with more growth online.

The company does not break out revenues for its brands but said Vuitton, which is expanding manufacturing plants for its high-margin handbags, had made a “remarkable” start to the year.

The group’s fashion and leather goods division helped propel revenues in the first quarter, as the pace of sales growth accelerated from three months earlier.

LVMH’s revenue across all sectors, including perfume and watches, reached 10.85 billion euros ($13.4 billion), up 13 percent from a year earlier on a like-for-like basis, which strips out currency swings and sales and acquisitions.

Analysts had expected growth of closer to 9 percent.

LVMH is the first major luxury group to report first quarter revenues. Its rivals include French conglomerate Kering, owner of Italian fashion brand-of-the-moment Gucci.

Companies with a wide array of businesses have been among the biggest winners of the luxury goods rebound, at a time of tough competition among labels to win over young, fickle consumers often influenced by social media.

Demand from Chinese consumers, the industry’s single biggest client base, strengthened in 2017, after a crackdown on luxury gift-giving six years ago pummelled earnings.

But the industry remains vulnerable to geopolitical twists and turns, including tensions on trade between the United States and China. A strong euro has also been a headwind, in part as it can put off tourists shopping in Europe from spending.

LVMH is due to hold a conference call with analysts on April 10.

© Thomson Reuters 2021 All rights reserved.