LVMH Perfumes & Cosmetics Grow in Q1 2015

Apr 14th, 2015

Jeb Gleason-Allured

LVMH Moët Hennessy Louis Vuitton has posted a 16% increase in first quarter 2015 revenue, totaling 8.3 billion euros. The company reportedly recorded "excellent momentum" in Europe and the United States.

The perfumes and cosmetics business totaled 1,094 million euros for the period (204: 941 million euros), representing 6% organic growth.

Christian Dior benefited from the strength of brands such as J’adore and Miss Dior, as well as the robust performance of the make-up segment.
Guerlain continued the roll out of its new fragrance L’Homme Idéal and inaugurated its new production facility in Chartres, which is dedicated to skincare and make-up.
Benefit performed very well.
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Baralan featuring the latest innovative 3D techniques, iconic shapes, sophisticated finishes and versatile accessories

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Funds will be used to "refinance recent acquisitions of additional ownership in the prestige fragrance label Byredo and Charlotte Tilbury brands," while setting the company up for future acquisitions and expansions in Asia Pacific and skin care.

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Throughout her career, Green Yip has held senior appointments at Estee Lauder and LVMH.

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