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LVMH

This article was originally published in The Rose Sheet

Executive Summary

Fragrance and cosmetics sales increase 24.4% to $1.72 bil. in 1999, fueled by a number of successful launches, the firm says. Christian Dior's J'adore has taken the top spot in the French market, while Guerlain's Aqua Allegoria, Givenchy's Indecence d'Organza and Rouge Miroir and Kenzo's Time for Peace performed well abroad. Fourth quarter beauty sales jump 28.6% to $538 mil. LVMH's Selective Retailing sales increase 21% for the year, driven by the addition of 127 Sephora stores. Sales for the three months, during which sephora.com was launched, increase 34.1% to $708 mil. Net sales jump 23.2% to $8.64 bil. in 1999
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