 LVMH recorded revenue of €16.3 billion during the first nine months of 2011, an increase of 15% over the same period in 2010. The French luxury company stated its fashion and leather goods business recorded 15% organic growth over the first
nine months the year. With double-digit revenue growth, Louis Vuitton once again reinforced its leadership. All product categories contributed to the attraction of the brand throughout the world. The leather lines enjoyed strong demand and the classical products also performed well. The inauguration of a Maison Louis Vuitton in Singapore was one of the highlights of the quarter.
Fendi and Donna Karan made strong progress. Céline maintained the performance experienced since the start of the year, driven by the critical acclaim accorded to its new leather goods and ready-to-wear collections.
For its outlook, the company stated the excellent performance of LVMH in the first nine months has confirmed its confidence for the remainder of 2011. The Group will continue its proactive strategy focused on innovation and targeted geographical expansion in the most promising markets. LVMH will rely on the power of its brands and the talent of its teams to further extend, in 2011, its global leadership position in luxury products.
Image: Louis Vuitton AW11 campaign
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