07.26.17
LVMH Moët Hennessy Louis Vuitton posted a 15% rise in revenue to €19.7 billion in the first half of 2017. All geographic areas continue to progress well. During the first half of the year, the Group benefited from a favorable comparison base, particularly in Asia but also in France, where activity was impacted last year by a decline in tourism. The current trends cannot reasonably be extrapolated for the full year.
Bernard Arnault, chairman and CEO of LVMH, commented: “LVMH has enjoyed an excellent first half, to which all our businesses contributed. In the current climate of geopolitical and economic instability, creativity and quality, the founding values of our Group, have more than ever become benchmarks for all. The increasing digitalization of our activities furthermore reinforces the quality of the experience we bring to our customers. In an environment that remains uncertain, we approach the second half of the year with caution. We will remain vigilant and rely on the entrepreneurial spirit and talent of our teams to further increase our leadership in the world of high quality products in 2017.”
Highlights of the first half of 2017 include continued strengthening of Sephora's omnichannel strategy, as recently reported in Happi, such as the smaller studio space location in Boston.
Bernard Arnault, chairman and CEO of LVMH, commented: “LVMH has enjoyed an excellent first half, to which all our businesses contributed. In the current climate of geopolitical and economic instability, creativity and quality, the founding values of our Group, have more than ever become benchmarks for all. The increasing digitalization of our activities furthermore reinforces the quality of the experience we bring to our customers. In an environment that remains uncertain, we approach the second half of the year with caution. We will remain vigilant and rely on the entrepreneurial spirit and talent of our teams to further increase our leadership in the world of high quality products in 2017.”
Highlights of the first half of 2017 include continued strengthening of Sephora's omnichannel strategy, as recently reported in Happi, such as the smaller studio space location in Boston.