There is no sign of crisis for the luxury sector. The financial data provided by LVMH for the first quarter 2017 are real, and strengthen “the extraordinary 2016”. At the top, there’s the leather compartment from Louis Vuitton with 9.88 billion euro in total sales in the first three months of the year (+ 15%) on an annual basis. Division “Fashion & Leather goods” 3.4 billion euro (+ 15%). A great positivity that LVMH tries to defuse explaining that “the currently observed trend should not be considered for the whole year.” A source at Gucci, quoted by the portal fashionnetwork.com, argues that the GG is “registering double-digit sales in some countries.” Results are “impressive”, according to the portal, “when compared with those of last year when the strategic reversal trend Gucci was the beginning.” Yves Saint Laurent is also doing well, not because it has notified new financial data (closed 2016 with revenues of 1.22 billion euro, up 25.3% over the previous year), but because the Parisian brand has announced the imminent launch of the factory in Vigonza, in Riviera del Brenta. 100 planned hirings and the inauguration is likely to be at the end of July.
LVMH performs well, but with caution. YSL is increasingly close to Vigonza. For Gucci is a rebirth
