02.04.11
Even though the economy has been in the tank, 2010 was a great year for luxury products purveyor LVMH Moët Hennessy Louis Vuitton. The company overall recorded a 19% increase in revenue for the year.
LVMH'sperfumes and cosmetics unit recorded revenue growth of 12% to approximately $4.2 billion. Profit from recurring operations rose 14%.
Parfums Christian Dior benefited from the continued popularity of its perfumes such as J’adore, Poison and Eau Sauvage, while maintaining focus on innovation, the company said.
Other product categories enjoyed strong growth stemming from "excellent performance" of the new Rouge Dior lipstick range and the Capture skin care line.
Guerlain benefited from the success of its new Idylle fragrance and the soundness of Shalimar, as well as its skin care line, Orchidée Impériale, the company said.
The new Play for Her feminine fragrance from Parfums Givenchy was very well received. Benefit and Make Up For Ever enjoyed outstanding momentum throughout the world, according to LVMH.
“2010 was a great vintage for LVMH," saidBernard Arnault, chairman and CEO of LVMH. "The quality of our products, the originality of our brands and the talent of our teams bolstered by the economic recovery allowed us once again to gain market share throughout the world. In 2011, LVMH intends to further strengthen its global leadership position in high quality products by relying on its sound long term strategy.”
LVMH'sperfumes and cosmetics unit recorded revenue growth of 12% to approximately $4.2 billion. Profit from recurring operations rose 14%.
Parfums Christian Dior benefited from the continued popularity of its perfumes such as J’adore, Poison and Eau Sauvage, while maintaining focus on innovation, the company said.
Other product categories enjoyed strong growth stemming from "excellent performance" of the new Rouge Dior lipstick range and the Capture skin care line.
Guerlain benefited from the success of its new Idylle fragrance and the soundness of Shalimar, as well as its skin care line, Orchidée Impériale, the company said.
The new Play for Her feminine fragrance from Parfums Givenchy was very well received. Benefit and Make Up For Ever enjoyed outstanding momentum throughout the world, according to LVMH.
“2010 was a great vintage for LVMH," saidBernard Arnault, chairman and CEO of LVMH. "The quality of our products, the originality of our brands and the talent of our teams bolstered by the economic recovery allowed us once again to gain market share throughout the world. In 2011, LVMH intends to further strengthen its global leadership position in high quality products by relying on its sound long term strategy.”