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LVMH Posts Gain in Q1 2009
Posted: April 22, 2009
LVMH Moët Hennessy Louis Vuitton recorded revenue of €4 billion in the first quarter of 2009. This marked a slight increase versus the same period in 2008. According to a statment, the company continues to gain market share in the global luxury market.
In its perfumes and cosmetics business, LVMH's first-quarter revenue decreased by 8% due, in part, to retailers decreasing their stock levels. Demand remains robust in Russia and China. The company stated its brands continued to win market share in all key regions. Christian Dior successfully launched its new fragrance, Miss Dior Chérie L’Eau, and the foundation Diorskin Nude. Guerlain continued the expansion of its premium skin care range, Orchidée Impériale, and Givenchy rolled out its Very Irresistible perfume. Benefit and Make Up For Ever confirmed good growth momentum thanks to their ongoing international expansion.
Additional information is available through LVMH.