Christian Dior CEO Martinez Tasked With Maintaining Double-Digit Growth
This article was originally published in The Rose Sheet
Executive Summary
Sustaining sales growth of at least 10% is a top priority for newly appointed Christian Dior Parfums President and CEO Claude Martinez, LVMH Perfumes & Cosmetics Group President Patrick Choel said after announcing the appointment May 22.
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LVMH
Fragrances and cosmetics fueled 26% category sales growth to reach $623 mil. ([Euro]676 mil.) in the fourth quarter and 22% to $1.91 bil. ([Euro]2.08 bil.) for 2000, luxury goods retailer announces Jan. 23. Christian Dior's J'adore exceeded sales of $120 mil. ([Euro]130 mil.), while Kenzo's Flower, Guerlain's Mahora and Issima skin care line and Givenchy's Hot Couture and Rouge Miroir cosmetics continue to perform well, according to the company. Category sales from acquisitions reached $94 mil. ([Euro]100 mil.) in past two years, representing growth of 80%. Consolidated sales for the quarter climbed 31% to $3.40 bil. ([Euro]3.69 bil.) and 35% to record $10.67 bil. ([Euro]11.58 bil.) for the year
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