PARIS -- Sales growth at LVMH Moet Hennessy Louis Vuitton was paced by its luggage and leather goods businesses, according to the luxury conglomerate.
In line with preliminary results released last month, LVMH said its consolidated group sales rose 10 percent in 1993 to $4.05 billion (23.8 billion francs at current exchange rates), against 21.7 billion francs a year ago.
LVMH added that on a constant currency basis, sales rose 3.7 percent last year. The group will announce its profit figures in mid-March.
"The trading performance at the end of the year was better than expected. During the last two months of 1993, sales were 16 percent higher than the comparable 1992 figure," the group said, noting that January showed a continuing strong trend.
Paris-based LVMH owns the fragrance and fashion businesses of Christian Lacroix, Givenchy and Kenzo; Parfums Christian Dior; Louis Vuitton; Hennessy and Hine cognac; one quarter of French champagne output with brands like Veuve Clicquot, Pommery, Moet Chandon and Dom Perignon, and the French financial daily La Tribune Desfosses.
A spokeswoman for LVMH noted, however, that the group's two major acquisitions in 1993, Kenzo and La Tribune Desfosses, are not included in last year's accounts.
Breaking the conglomerate into its four main divisions, LVMH said:
The luggage and leather goods unit, most of which is composed of Louis Vuitton's business, scored a 20.5 percent increase in sales to $963.3 million (5.66 billion francs).
Perfumes and beauty products posted an 11.6 percent rise in volume to $1.02 billion (6.1 billion francs).
Sales of cognac and spirits improved 5.3 percent, to $994 million (5.8 billion francs).
Champagne and wine volume grew 3.8 percent, to $926 million (5.4 billion francs).
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast