LVMH Group'S Third Quarter Revenue Increased By 1.7% Over The Same Period Last Year.

< p > < a href= > //www.sjfzxm.com/news/index_c.asp > luxury goods > /a > giant LVMH group announced its third quarter earnings on Tuesday.

The report shows that sales of LVMH group's core a href= "//www.sjfzxm.com/news/index_c.asp" > Fashion /a and leather products declined in the quarter, indicating that the measures taken by the group to restore "a" href= //www.sjfzxm.com/news/index_c.asp "Louis" /a "brand growth" have not yet been effective.

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< p > in this fiscal season, LVMH group's revenue was 7 billion 20 million euros (US $9 billion 480 million), an increase of 1.7% over the same period last year of 6 billion 900 million euros (US $9 billion 300 million), mainly due to the increase in revenue from selected retail sectors, which has offset the decline in sales of fashion and leather products sector.

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In the third quarter, the retail revenue of the P group LVMH was 2 billion 100 million euros ($2 billion 800 million), an increase of 13% over the same period last year. The revenue of fashion and leather products was 2 billion 430 million euros (3 billion 300 million US dollars), a 3.8% decline over the same period last year. The wine and spirits sector's revenue was 1 billion 30 million euros (1 billion 400 million US dollars), an increase of 2.6% over last year. The perfume and cosmetics sector's revenue was 879 million euros (about US dollars), which was lower than that of the same period last year.

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< p > LVMH group said: "despite the uncertainty of the European economic environment, Louis Weedon still has confidence in the outlook for 2013.

The group will continue to implement forward-looking strategies focusing on innovation activities and targeting regional expansion in most promising markets. "

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< p > LVMH the full name Mo t Hennessy-Louis Vuitton group is a large luxury group merged by the top fashion and leather manufacturer Louis Vuitton and the first class liquor manufacturer, Mo tHennessy.

At present, the group is ranked first in the world in terms of sales, market value and influence, and it is also a French listed company.

The chairman is Bernard Arnott.

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Most of the enterprises in the sub sectors of champagne, spirits and leather products have a history of more than 100 years, some even more than two centuries. P

Moet and Chandon (Mo, T & Chandon) originated in 1743, and the Veuve Clicquot Ponsardin originated in 1772. Hennessy (Hennessy) originated in 1765. Krueger (Johan-Joseph Krug) founded its own business in 1843, and the wine of Chateau (Chateau d) can be traced back to 1593.

The house of Louis Weedon was founded in 1854.

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In the field of perfume, cosmetics and fashion, some companies have created more recent P, but have cultivated a strong international position within decades.

Guerlain (Guerlain) was founded in 1829. Dior (Christian Dior) was founded in 1947. Givenchy was founded in 1951 and launched its own perfume in 1957.

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< p > it is precisely because of these closely related core businesses that after a series of continuous mergers, the LVMH group was born.

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