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Perfumes and fragrances post even higher gains
April 16, 2008
By: TOM BRANNA
Editor
Bucking strong currency headwinds and dodging economic uncertainty, LVMH Moët Hennessy Louis Vuitton kept up its double-digit momentum in the first quarter as sales jumped 12% to $5.99 billion at average exchange rates. Organic growth of perfumes and cosmetics rose 13% to 717 million euros. The company said Christian Dior continued to show great momentum reflecting the sustained progress of J’Adore as well as the success of Midnight Poison, the new Addict High Shine lipstick and Capture skin care. Guerlain continued its strong progress throughout the whole range of its products. Europe and Asia were the main drivers of growth. Parfums Givenchy benefited from the rapid development of Ange ou Démon. The other brands achieved solid growth and are pursuing their expansion.
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