Financial News

LVMH Posts Gains For First Nine Months

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By: TOM BRANNA

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LVMH Moët Hennessy Louis Vuitton posted a 4% rise in revenue to €20.7 billion ($28.3 billion) for the first nine months of 2013, with the perfumes and cosmetics business group posting a 5% increase to €2.7 billion ($3.7 billion).

Parfums Christian Dior continued its growth, fuelled by the performance of its iconic products and its innovations. The continued success of J’Adore and Dior Homme and the development of Rouge Dior makeup were among the highlights of the past quarter. At Guerlain, a new campaign was devoted to the iconic fragrance Shalimar, while La Petite Robe Noire celebrated its first anniversary. Fresh, Benefit and Make Up For Ever continued to record good growth, particularly in Asia where the brands are expanding their distribution.

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