DIOR COUTURE NET GAINS 41%
PARIS — Christian Dior Couture reported net profits, before exceptional charges, rose 41 percent last year to $20 million (117 million francs) compared with 1995. After the charges, earnings were $18.4 million (108 million francs).
The firm said the gain was due to new products. The exceptional charges were costs relating to the 1995 decision to make Dior Couture a wholly owned subsidiary of the Christian Dior group.
Sales of Dior Couture — which is the Dior fashion business — rose 18.8 percent last year to $208.3 million (1.22 billion francs). At constant exchange rates, the firm said, sales would have risen 19.5 percent.
Net profits for the parent Christian Dior group fell 23.4 percent to $215.1 million (1.26 billion francs), after exceptional charges. In addition to wholly owned Dior Couture, the group holds a significant stake in LVMH Moet Hennessy Louis Vuitton, and its figures reflect to a large extent its LVMH investment.