PARIS – Citing robust sales of rose champagne, checkered handbags and sporty watches, LVMH Moet Hennessy Louis Vuitton said first-quarter sales jumped 7 percent to 3.804 billion euros, or $4.9 billion at the average exchange rate.Stripping out the impact of currency, the increase stood at 13 percent. The French luxury giant trumpeted double-digit organic growth across all business groups for the three months ended March 31. The company also noted the U.S., Asia and Europe performed particularly well. Analysts applauded the strong showing, which beat expectations, but cited concerns about soft sales in Japan, particularly for the cash-cow Louis Vuitton brand.By division, reported sales advanced 9 percent for wines and spirits to 689 million euros, or $903 million; 3.9 percent in fashion and leather goods to 1.347 billion euros, or $1.8 billion; 11.1 percent in perfumes and cosmetics to 663 million euors, or $869 million; 20 percent in watches and jewelry to 189 million euros, or $247 million; and 5.1 percent in selective retailing to 941 million euros, or $1.2 billion.Despite what it called “a difficult monetary environment at the beginning of the year,” referring to the weak yen and dollar, LVMH confirmed its objective of “significant growth” in its 2007 results.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)