Luxury conglomerate LVMH, which owns brands such as Dior, Fendi, Louis Vuitton, Tiffany & Co. and others, published a report for the last three months – from June 30 to September 30.
Watch and jewelery sales are up just 1% from 2019, when the conglomerate had yet to buy Tiffany & Co. The jewelry brand’s revenue increased by 18% compared to the third quarter of 2020 of Tiffany & Co. “Have achieved remarkable results” in their primary market, the US.
LVMH’s revenues were €15.51 billion in the third quarter, up 11% on pre-pandemic 2019. Sales in the clothing and leather goods segment were €7.45 billion, slightly less than in the previous quarter, but 38% more than in 2019.
“Louis Vuitton, which celebrated the 200th anniversary of the birth of its founder, has shown remarkable results thanks to the constant innovation and quality of its products. Christian Dior has shown exceptional momentum, “LVMH said in a statement. The conglomerate also noted good results from Celine, Fendi, Loewe and Marc Jacobs.
Income in the perfumery segment did not change in any way compared to 2019, and sales of wines and spirits grew by 7%.