Christian Dior Group reports 10% sales increase
The Christian Dior Group, which owns 40.9% of LVMH, has published the revenue trend from 1 July 2015 to 31 March 2016: + 10% for a total of 28.9 billion euro. Christian Dior Couture business achieved an 8% increase to 1.39 billion euro
In the nine months the fashion and leather accessories division of LVMH, has accelerated by 7% to 9.4 billion turnover. However, organic growth (at constant perimeter and unchanged rates) was 2%.
Limited to the first three months of 2016, the Christian Dior Group recorded an increase in sales of 3% to 9 billion euro, reflecting a dynamic US market and a “well positioned” Europe, except France, hit by the drop in tourism. As for the Asian markets, they have proved uneven.
From January to March, Christian Dior Couture has maintained stable sales at constant exchange rates, despite the decline in demand in Paris and in some Asian countries. The fashion division of LVMH remained steady, at around 3 billion euro.
The more dynamic business units of LVMH were: wines and spirits (+ 4%), perfumes and cosmetics (+ 7%), and watches and jewelery (+ 7%).