PARIS — Christian Dior Couture said late Friday that sales in the first quarter grew 5 percent at constant exchange rates. In reported terms, sales were flat at 184 million euros, or $275.6 million.
Sales at Christian Dior SA, the holding company for the Dior fashion house and LVMH Moët Hennessy Louis Vuitton, rose 11 percent in organic terms to 4.18 billion euros, or $6.26 billion.
Dollar figures were converted using average exchange rates for the period.
Sidney Toledano, president and chief executive officer of Christian Dior, said the brand had strong double-digit growth in Europe, China and the Middle East during the quarter. But the modest gains reflect unfavorable currency exchange rates in the U.S. and Japan.
He also noted that Dior came up against difficult comps, and the brand trimmed some excessively priced products. Sales last year were bolstered by the launch of a large fine jewelry collection, Toledano said.
“I was touched by the fact that she lost her father, really before his time, and it was a real shock. She had two young children, she was married and she was expecting that she would have her own life for a good 25 years,” said Claire Foy about playing a young Queen Elizabeth in Netflix’s The Crown. Styled by @mayteallende 📸@jgreenery #emmys2017 #wwdeyeu
“Truth and lies have become a real interesting theme, more than ever, lately,” Emmy nominee Laura Dern told WWD. "It’s a very interesting time to use our voice." Styled by @cristinaehrlich, 📸 @shayanhathaway #wwdeye #emmys2017
“It transcends the genre that is you think of a sci-fi show — you don’t expect it to be so profound or emotionally riveting,” Evan Rachel Wood told WWD of her Emmy nominated role in Westworld. styled by @samanthamcmillen_stylist 📸 @emmanmontalvan #emmys2017 #wwdeye