LVMH posted a 15 per cent increase in revenues in the six months of 2017. Profit from recurring operations rose by 23 per cent. Its largest division, fashion and leather goods, saw revenues move up by 17 per cent. LVMH is the world’s largest luxury conglomerate and boasts of the largest market capitalization of any company in France.
Selective retailing, which includes cosmetics chain Sephora and international luxury chain duty free, saw sales surge 15 per cent. Perfumes and cosmetic sales advanced by 14 per cent. Wines and spirits grew 12 per cent, powered on by the recovery of demand in China. Finally, watches and jewelry advanced 14 per cent as Bulgari registered an excellent first half.
LVMH enjoyed an excellent first half, to which all its businesses contributed. In the current climate of geopolitical and economic instability, creativity and quality, the group’s founding values have become benchmarks. Increasing digitization of activities reinforces the quality of experience it brings to customers.
LVMH controls luxury’s greatest shelf brands. Its extensive portfolio includes Dom Pérignon, Ruinart, Hennessy, Louis Vuitton, Céline, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc Jacobs, Parfums Givenchy, Parfums Kenzo and Perfumes Loewe. LVMH also controls Chaumet, Zenith, Fred and Hublot.
