LVMH First Quarter Organic Revenue Increased by 6%LVMH Moët Hennessy Louis Vuitton, the world’s leading high quality products group, recorded a 4% increase in first quarter 2014 revenue to 7.2 billion Euros.
LVMH, the world's biggest luxury group, posted an 8 percent rise in like-for-like full-year sales as buoyant duty-free and cosmetics revenue helped offset lower demand for cognac in China and Louis Vuitton handbags.
Italian luxury fashion house Prada SpA has missed analyst estimates by posting a 8.6 percent rise in third-quarter profit, as solid performance in the Americas and Japan made up for slowing growth in Europe and Asia.
Neverfull - the name of Louis Vuitton's best-selling handbag - sums up well its parent LVMH: even if it snapped up all of the world's last remaining independent luxury brands, it would still have room for more.
French luxury group LVMH on Thursday posted an 8 percent rise in like-for-like first-half sales, driven by a pick-up in demand at its fashion, leather goods and cosmetics units, and strong growth at its duty free shops.
Celebrated French fashion house Christian Dior sprung for a luxury jet-set tour of the globe at Paris fashion week on Monday, presenting a cross-continental look at haute couture with a collection inspired by the four...