LVMH celebrates another sparkling year, as 2017 revenues go up by 13 per cent and profits increase by 29 per cent. Business speeds up in China and keeps up in the USA

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Figures are impressively grand. Such growth reminds (once again) of twinkling fireworks. Luxury French giant LVMH announced their financial statement for 2017: revenues reached 42,63 billion euros, that is, they went up by 13 per cent on annual basis; as for profits, they increased by 29 per cent, thus going beyond 5 billion euros (5,13). The business trend of Fashion & Leathergoods, the group’s division that drives 50 per cent of the overall turnover, is lined up with the general expansion of the group: +13 per cent. LVMH also announced the reinforcement of Christian Dior Couture, as well as the excellent performance carried out by Fendi, Loro Piana, Loewe, Kenzo and Berluti; as for Marc Jacobs, they pointed out, “it keeps renovating”. The new challenge is on Céline, which has recently appointed Hedi Slimane as creative director. According to the French group’s business plan, the turnover of the fashion brand is due to exceed 3 billion euros within five years, starting from their current revenues, which amount to one billion. Glancing at the markets, “China has been showing remarkable recovery, while we achieved excellent outcomes in the USA”.

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