Christian Dior sees sales up 28%Tuesday, 18 September 2012
Christian Dior, part of the LVMH fashion group, saw its sales grow 28 per cent in the
first quarter ended July 31 to 323 million euros.
Dior said revenues in its retail stores were up 36 per cent compared to the same period the previous year. Dior had reported second-quarter results in July but restated them last week as its financial year-end has been changed to April 30.
Sidney Toledano, Dior’s CEO, said July and August were satisfactory months with “a very strong trend across all product categories.” Dior previously said revenues in the first half ended June 30 advanced 29 per cent to 573 million euros.
Revenues at LVMH for the three-month period ended July 30 rose 22% to 6.59 billion euros. Dior SA cited double-digit momentum at Louis Vuitton; “robust” demand for alcohol, watches and jewellery, and an “excellent performance of DFS and Sephora globally.”
In July, LVMH said sales in the first half rose 26% to 12.97 billion euros. According to an LVMH spokesman, Dior SA’s financial calendar was changed in order to allow for more timely dispersal of dividends.