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LVMH will keep investing in quality and innovation
2015/4/15 10:01:52 Source: Leatherbiz Author: 点击率:

Luxury group LVMH has recorded a 16% year-on-year increase in first quarter revenues reaching €8.3 billion in the first three months of 2015.

Its leathergoods and fashion business group contributed revenues of just under €3 billion for the quarter, growth in its own right of 13%.

This flagship business group grew “despite the very high comparable period in 2014, particularly in Japan”, LVMH said on releasing the results. Its Louis Vuitton brand “again displayed strong creative momentum with growth in its legendary lines”, it continued, while the Fendi, Céline, Givenchy, Kenzo and Berluti brands experienced “an excellent quarter”.

LVMH will continue to focus its efforts on developing its brands, it concluded, but it will also “maintain a strict control over costs”. It will target its investments on the quality and the innovation of its products.

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