LVMH excellent results

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, has reported organic sales growth of 11 per cent in the first quarter of 2005. The 11 per cent increase comes on top of a 10 per cent first-quarter organic sales rise in 2004. Consolidated sales amounted to EUR 3,082 million (GBP 2,21 million) for the first quarter of this year.

The fashion and leather goods division continued to produce double-digit organic sales growth. Japan and the Asian markets returned to growth, driven by increased tourism, especially in China. The new Monogram Cerises line proved to be an enormous success at the beginning of this year and is expected to continue delivering good results.

Other fashion brands including Celine, Marc Jacobs, Pucci and Berluti enjoyed an auspicious start to the year and Fendi achieved double-digit sales growth in its stores.

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