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LVMH

This article was originally published in The Rose Sheet

Executive Summary

Perfumes and cosmetics division sales increased 6.5% to $663 mil. (€1=$1.31) in Q1, driven by Parfums Christian Dior, which benefited from the success of Pure Poison fragrance, and BeneFit, which achieved double-digit sales growth in dollar terms, LVMH announces April 20. Guerlain also maintained "renewed momentum" due to the success of its L'Instant scent and makeup offerings, company adds. In addition, Sephora achieved double-digit sales growth on a comparable store basis in the U.S., and gained market share in Europe. LVMH's overall sales grew 9.8% on a reported bases to $4.04 bil. during the quarter, an 11% increase at constant exchange rates...
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