Louis Vuitton

Revenue for Fashion & Leather Goods saw organic growth in the second quarter, with a rapid acceleration in the United States, despite the impact of the conflict in the Middle East. The operating margin remained very high, even though operating profit was negatively affected by currency fluctuations.

Louis Vuitton celebrated the 130th anniversary of its legendary Monogram, paying tribute to its iconic bags and enriching its range with the Monogram Emblème and the historic jacquard canvas used for the Maison’s first trunks. The Maison continued to express its cultural vision through its stores, offering customers unique experiences, such as the new flagships in Beijing and Seoul, which achieved an excellent performance. Christian Dior saw accelerating growth with the excellent start for Jonathan Anderson’s first designs. Inspired by a dress designed by Monsieur Dior, the Cigale bag in particular has been very well received. Highlights of the half-year period included the opening of the Bamboo Pavilion in Tokyo and a new House of Dior store in Osaka. Loro Piana, which turned in another excellent performance, presented its new Nomadic Reverie collection, illustrating the rich sensory experience and excellent craftsmanship of the Maison’s textile creations, while its range of leather goods was enriched with the Extra Softy Bag. Michael Rider at Celine, Jack McCollough and Lazaro Hernandez at Loewe, Sarah Burton at Givenchy and Maria Grazia Chiuri at Fendi continued the creative renewal of collections at their respective Maisons. Rimowa achieved strong growth in the half-year period. Berluti also had a good start to the year. An agreement was entered into with WHP Global for LVMH’s sale of Marc Jacobs.

Perfumes & Cosmetics