Luxury Love-In | ELLA ALEXANDER | 03 February 2012
LVMH has boasted a revenue rise of 16 per cent over the past year, accumulating in €23.66 billion (£19.65) - thanks to a 27 per cent boost in Asia and at Christian Dior.
The luxury conglomerate's chairman and chief executive Bernard Arnault reported that Dior had had an "excellent year", despite the Galliano scandal that took place in the early 2011. The iconic brand saw revenues advance 22 per cent to reach €1 billion (£831,014) for the first time ever.
Although Arnault did not divulge Louis Vuitton's annual results, HSBC analysts predict that the label made €6.5 (£5.4), billion. The LVMH boss did, however, add that smaller brands such as Celine and Loewe had seen a positive year.
"We are generating remarkable growth numbers," he told WWD. "I'm not promising another Louis Vuitton, but we certainly expect new businesses of the same calibre."