Tiffany and LV Winners as LVMH Sales Exceed $16.7B in Q1 : v

Tiffany and LV Winners as LVMH Sales Exceed $16.7B in Q1


Retail and Consumer Confidence14:54
LVMH, Moët Hennessy Louis Vuitton, recorded revenue of 14 billion euros (US$16.7 billion) in the first quarter of 2021, up 32% compared to the same period in 2020. The quarter marks the return to growth after several quarters of decline during 2020, a year that was severely disrupted by the global pandemic.
Fashion & Leather Goods, in particular, had a strong start to the year and achieved record levels of revenue. 52% compared to the same period of 2020 and 37% compared to that of 2019. Louis Vuitton and Dior outshined the others with performance strength across the handbag, ready-to-wear, and shoe categories, chief financial officer Jean-Jacques Guiony said. He also noted strong performances at Fendi, Celine, and Marc Jacobs.

Related Keywords

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