10.02.17
LVMH Moët Hennessy Louis Vuitton (LVMH) posted a 15% rise in revenue to €19.7 billion ($23 billion at current exchange rates) in the first half of 2017. Gains were made in all geographic areas. During the first half, LVMH benefited from a favorable comparison base, particularly in Asia but also in France, where activity was impacted last year by a decline in tourism. The company noted, however, that current trends cannot reasonably be extrapolated for the full year.
“LVMH has enjoyed an excellent first half, to which all our businesses contributed. In the current climate of geopolitical and economic instability, creativity and quality, the founding values of our Group have more than ever become benchmarks for all,” said chairman and CEO Bernard Arnault. “The increasing digitalization of our activities furthermore reinforces the quality of the experience we bring to our customers. In an environment that remains uncertain, we approach the second half of the year with caution. We will remain vigilant and rely on the entrepreneurial spirit and talent of our teams to further increase our leadership in the world of high quality products in 2017.”
Highlights of the first half of 2017 included the continued strengthening of Sephora’s omnichannel strategy, as recently reported in Happi, such as the smaller studio space location in Boston, MA.
“LVMH has enjoyed an excellent first half, to which all our businesses contributed. In the current climate of geopolitical and economic instability, creativity and quality, the founding values of our Group have more than ever become benchmarks for all,” said chairman and CEO Bernard Arnault. “The increasing digitalization of our activities furthermore reinforces the quality of the experience we bring to our customers. In an environment that remains uncertain, we approach the second half of the year with caution. We will remain vigilant and rely on the entrepreneurial spirit and talent of our teams to further increase our leadership in the world of high quality products in 2017.”
Highlights of the first half of 2017 included the continued strengthening of Sephora’s omnichannel strategy, as recently reported in Happi, such as the smaller studio space location in Boston, MA.