Financial News

Fragrance, Cosmetics Lead at LVMH

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By: TOM BRANNA

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LVMH Moët Hennessy Louis Vuitton’s perfumes and cosmetics sector recorded organic growth of 6% to approximately $1.15 billion for the first quarter 2015 revenue. The company’s overall revenues were $9.3 billion, which represents organic growth of 3% compared to the same period in 2014.

Within Perfumes & Cosmetics, organic revenue growth was 6% in the first quarter of 2015. Christian Dior continued to see good momentum early this year thanks to the ongoing success of J’adore and Miss Dior and the excellent performance of the make-up segment, the company said.

Guerlain continued the roll out of its new fragrance L’Homme Ideal and inaugurated its new production facility in Chartres, which is dedicated to skin care and makeup.

Driven by the success of its innovative products, Benefit performed very well. Fresh and Make Up For Ever are expanding rapidly, according to LVMH.

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