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LVMH Posts Double-digit Growth in Q3 2010
Posted: October 14, 2010
LVMH Moët Hennessy Louis Vuitton achieved revenue of €14.2 billion in the first nine months of 2010, an increase of 19% compared to the same period in 2009. With organic revenue growth of 14%, the third quarter confirmed the trends observed since the start of the year, the company stated in a press release. Momentum continued to be very strong in Asia, Europe and America.
In its perfumes and cosmetics division, revenue grew 14% in the first nine months of 2010. Christian Dior benefited from the worldwide success of its perfumes. The successful roll-out of its lipstick also contributed to the remarkable performance of the brand. The launches of Abeille Royale, Guerlain’s new skin care range, and of the feminine version of Givenchy’s Play, are some of the numerous initiatives that took place in the third quarter. Benefit continued to expand its distribution network into Asia and Europe.