LVMH to step up expansion plans
Laura Chesters
Laura Chesters is digital, consumer and luxury goods reporter at The London Evening Standard, i, The Independent and The Independent on Sunday.
Thursday 31 January 2013
LVMH, the world's largest luxury goods group, is stepping up its global expansion plans despite fears of a slowdown in demand for its products.
The Paris-based group behind Christian Dior perfumes, TAG Heuer watches and Louis Vuitton handbags, posted profits close to €6bn (£5bn) for 2012, and said like-for-like sales were up 9 per cent. Bernard Arnault also outlined plans to step up expansion of its brands, saying: "LVMH intends to further strengthen its global leadership position in high-quality products."
Fourth-quarter sales rose 8 per cent, an improvement on the previous three months' 6 per cent, but far behind the double-digit growth that luxury brands enjoyed in previous years. Mr Arnault said the group's brands continued to gain market share globally, and its flagship Louis Vuitton label reported double-digit revenue growth during the year.
-
That's some guestlist! Stunning images show huge dynastic wedding between Ultra-Orthodox Jewish families which attracted 25,000 guests
-
Man and woman arrested on suspicion of conspiracy to murder victim of Woolwich machete attack, named as Drummer Lee Rigby
-
'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
-
Video: Woolwich attack - man with bloodied hands and knife addresses camera
-
Ingrid Loyau-Kennett, the mother-of-two hailed as a hero for confronting Woolwich attackers, thought: 'better me than a child'
- 1 Man and woman arrested on suspicion of conspiracy to murder victim of Woolwich machete attack, named as Drummer Lee Rigby
- 2 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 3 Grace Dent: I’m not sure how these people can avoid being called ‘bigots’. And the more ‘civilised’, the worse they are
- 4 Woolwich murder: They killed, then they performed - these men should be starved of our attention
- 5 Woolwich attack: The EDL will seek to exploit this evil crime for their own evil ends
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Making reading fun for kids
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Introducing the 'Get Reading' campaign
Get the latest on The Evening Standard's campaign to get London's children reading.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
The man who's eaten everywhere
A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?
Banned Iranian director to attend Cannes Film Festival
The 10 Best salt and pepper sets
Thomas Müller: We couldn't handle losing a Champions League Final again


Comments