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).
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty