LVMH : Q1 sales: nothing less than spectacular
>The group's sales beat forecasts by 10% in Q1, Fashion & Leather posted two-year growth of 37% vs 36% in Q4 2020 - The group’s Q1 sales beat forecasts by +10% and came to around € 14bn, showing y-o-y organic growth of +30%, which reflects two-year growth (relative to Q1 2019) of +8% organic. Indeed, the trend in Q1 was more favourable than expected across all divisions, which, apart from Selective Retailing, still affected by the fall in travel retail at DFS, showed ...LVMH Moet Hennessy Louis Vuitton is a manufacturer and retailer of luxury goods. Co. offers champagne and wines, cognac and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelery; and is engaged in selective retailing. Its operations are organized along five business segments: Wine and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelery, and Selective Retailing. Co. is also engaged in other activities (Media with Les Echos group, La Samaritaine and Luxury yacht with Royal Van Lent). Some of Co.'s brands are Moet & Chandon, Dom Perignon, Louis Vuitton, Fendi, Donna Karan, Parfums Christian Dior, Guerlain, Parfums Givenchy, and TAG Heuer.
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