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).
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye