LVMH hails “excellent start” to 2022
Luxury group LVMH has reported revenues of €18 billion for the first quarter of 2022, up by 29% compared to the same quarter last year.
The group’s leathergoods and fashion business unit contributed €9.1 billion, an increase of 35% year on year.
LVMH said its flagship brand, Louis Vuitton, had “an excellent start to the year, driven as always by its strong creativity”. It added that Louis Vuitton had continued a commitment to “the development of high-quality craftsmanship”, inaugurating two new leather workshops in France during the quarter.
It went on to say Christian Dior had enjoyed “another remarkable performance” during the first quarter of the year, while Fendi recorded “solid growth”, as did Celine, thanks to “the remarkable success of its ready-to-wear and leathergoods lines designed by Hedi Slimane”.
