04.02.18
LVMH Moët Hennessy Louis Vuitton says revenue rose 13% over 2016 figures, reaching €42.6 billion ($52.4 billion) in 2017. Organic revenue growth was 12%. All business groups recorded double-digit organic growth with the exception of wines and spirits, according to the luxury firm. The company’s perfume and cosmetics business saw sales rise 12% to €5.5 billion ($6.8 billion) for the year.
Strong momentum was reported at Parfums Christian Dior, driven by successful product innovations. Sephora also recorded growth, said the company.
Strong momentum was reported at Parfums Christian Dior, driven by successful product innovations. Sephora also recorded growth, said the company.