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Perfume & Cosmetics business records 17% sales gain.
July 29, 2015
By: Christine Esposito
Editor-in-Chief
LVMH Moët Hennessy Louis Vuitton recorded revenue of €16.7 billion in the first half of 2015, an increase of 19%. Organic revenue growth was 6% compared to the same period in 2014. Strong growth came in Europe and the US. The company’s perfumes and cosmetics business recorded first half sales of approximately $2.3 billion (€2.1 billion), a gain of 17% (6% organic). “The excellent results of the first half are witness to the efficiency of our strategy, which relies upon the strength of our brands and a very entrepreneurial style of management,” said Bernard Arnault, chairman and CEO of LVMH. “Building on the first half performances, we face the second half of the year with confidence and count on the quality of our products and the talent of our teams to further strengthen our leadership in the world of high quality products.” According to LVMH, Christian Dior’s J’adore and Miss Dior continued to show their exceptional strength. Guerlain furthered its progress with the confirmed success of La Petite Robe Noire and the rapid development of Abeille Royale. Benefit, Make Up For Ever and Fresh reinforced their excellent performances, the company said.
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