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Continuation of the Group’s strategic transformation
PPR posted third quarter 2012 revenue of 2.6 billion, up 6.6% versus the same 2011 period on a comparable basis, and advanced in all geographic areas. This solid performance reflected further sustained growth in all luxury brands.
The Luxury division posted an 11.9% leap in revenue in the third quarter of the year, driving revenue growth for the first nine months of the replica louis vuitton handbags year to 15.5%. Revenue recorded by the Sport Lifestyle division was up 2% for the first nine months of the year.
Franois Henri Pinault high quality replica handbags china , Chairman and Chief Executive Officer, noted: “PPR has again delivered a highly satisfactory performance overall this quarter with revenue for the Luxury and Sport Lifestyle divisions climbing 6.6%. The Luxury division continues to report outstanding growth propelled by the momentum of our brands across all of the Group regions. We are also pursuing the Group strategic transformation. This quarter’s impressive performance bears witness to the complementary nature and growth potential of our brands, the strength of the Group and the balanced footprint of our businesses. This reinforces our confidence in PPR’s ability to deliver sustained revenue growth, along with gains in operating and financial performance, over the full year. Luxury division In the third quarter of 2012, PPR’s Luxury division delivered excellent performances, with revenue climbing 12% on a comparable basis and 24% in reported terms, in a mixed economic environment and against a high basis of comparison. Sales growth across all luxury brands and in all geographic areas underscores the vitality and healthy geographic spread of the division’s activities. All product categories contributed to the Luxury division sales growth, with Fashion and Leather Goods up a strong 11%.
As of September 30, 2012, the store network of the Luxury division comprised 924 units, including 28 net new stores opened during the quarter. Nearly 30 stores have undergone renovations since the beginning of the year.
Gucci Gucci delivered a very good performance in the quarter, with sales up 7% in comparable terms and 16% on a reported basis. All distribution channels contributed to growth, with a strong performance of online sales, which leapt 44% this quarter. All geographic areas reported growth. In Western Europe, sales were up 14%, with a positive impact of tourism on retail sales. Revenue in North America also reported major fake designer bags gains (up 11%), atop a high basis of comparison in the third quarter of 2011, spurred by the brand appeal with local clienteles and a growing contribution of tourism. Sales in Asia Pacific were up 2%, with good results in Mainland China, where the Group posted strong revenue growth. All product categories saw positive growth, in particular Leather Goods (up 8%), which is reaping the benefits of its strategic high end repositioning implemented over the past several seasons. Sales of Men ready to wear and of the Children collection also posted double digit growth. As of September 30, 2012, the Gucci network comprised 411 stores, including eight net new stores opened this quarter.
Bottega Veneta Bottega Veneta posted robust revenue growth in the third quarter of 2012, against a high basis of comparison, with revenue up 21% on a comparable basis and 31% in Fake Louis Vuitton Replica Bags reported terms. The brand achieved a bumper performance on a comparable basis across all geographic areas, especially Western Europe with 42% growth, as tourism complemented strong local demand. Sales also advanced 12% in North America and 18% in Asia Pacific. In the quarter, revenue jumped by more than 25% in Mainland China. All distribution channels contributed to growth, fuelled by the overwhelming success of the brand iconic products as well as their seasonal interpretations. Bottega Veneta posted promising growth in its Men product lines this quarter (up 32%), particularly in Shoes. Bottega Veneta fragrance line continued to enjoy a positive reception this quarter, as did other smaller lines such as Jewellery. As of September 30, 2012, the Bottega Veneta network comprised 189 directly replica louis vuitton operated stores, including nine net new stores opened in the quarter.
The third quarter of 2012, Yves Saint Laurent reported excellent year on year growth of 27% in comparable terms and 33% on a reported basis. All areas contributed to this growth, with outstanding performances in Japan (up 58%) and Asia Pacific (up 64%) on a comparable basis. The other regions also posted very satisfactory performances, against a high basis of comparison, with revenue growth of 22% in Western Europe and 11% in North America. All product categories made strong contributions, including 30% growth for Fashion and Leather Goods. Retail sales continued to advance, up 31% in the third quarter. The first collections designed by Hedi Slimane met with a very favourable response from buyers and the media. They will reach the stores in early 2013. Yves Saint Laurent operated a network of 89 aaa replica designer handbags stores at the end of September (new store openings in Berlin, Milan and Kyoto during the quarter).
Other Luxury brands In the third quarter, PPR’s Other Luxury brands posted comparable sales growth of 16% (46% in reported terms), with all brands and regions contributing to the performance. Momentum remained especially strong for Fashion and Leather Goods, which achieved growth of more than 13% in the quarter, driven by outstanding success of the designer brands and the very solid performances of Brioni and Sergio Rossi. Timepieces and Jewellery also reported strong high quality designer replica handbags wholesale growth, up 26%. Boucheron latest High Jewellery collections met with great success and Girard Perregaux continues to gain ground, focusing on the brand key values and potential. As of September 30, 2012, the store network of the Other Luxury division brands comprised 235 units.
Sport Lifestyle division The Sport Lifestyle division recorded mixed third quarter results depending on the region, with a 1% decrease in comparable revenue and a 5% rise in reported revenue. Puma sales were stable overall on a comparable basis while Volcom revenue contracted due to delivery delays. Shoe sales remained sluggish due to the tough economic climate in Western Europe, which accounts for a significant share of the brand’s activities. Puma once again reported good sales performances in North America (up 9%) and in its six priority emerging markets, including Russia, India, Brazil and Mexico. Business remained mixed in Western Europe, with revenue down in France and the United Kingdom. Puma is currently focusing on speeding up and expanding the scope of its Transformation Programme in order to drive medium term revenue growth.
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Posted in Luxury MoreLuxury goods firm Chanel has bought the Barrie Knitwear cashmere mill in the Scottish Borders, following the collapse of owner Dawson International.
The deal is expected to secure all 176 jobs based in Hawick.
Barrie Knitwear was a trading division of Dawson International, which was placed in administration in August because of the size of its pension liabilities.
Chanel fashion president Bruno Pavlovsky said: acquisition of Barrie business by Chanel is all the more natural as the factory has worked with us for more than 25 years, producing cashmere knitwear including Chanel iconic two tone cashmere cardigans.
this acquisition, we reaffirm our commitment to traditional expertise and craftsmanship Perfect Quality Louis Vuitton Replica , and our wish to safeguard their future and support their development. said Barrie would continue to its partnerships with all major luxury brands, with no exclusivity and grow its own brands presence around the world.
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Posted in Fashion StyleLVMH Mot Hennessy Louis Vuitton, recorded revenue of 19.9 billion for the first nine months of 2012, an increase of 22% on the comparable period in 2011. After taking into account the consolidation of Bulgari, as of 30 June 2011, and a positive currency impact, organic revenue grew by 10%.
The Group recorded a 15% rise in revenue for the third quarter. Organic revenue growth was 6%, a solid result in the current economic environment, particularly when compared to the strong performance in the same period of 2011. The US market continued to demonstrate momentum. In spite of a challenging economic environment, Europe and Asia also contributed to the third quarter performance. Louis Vuitton continues to gain market share throughout the world.
The Wines Spirits business group recorded organic revenue growth of 12% for the first nine months of 2012. The Group’s champagne brands achieved a sustained increase in volume over the period. An improvement in product mix and the price increases announced at the start of the year also contributed to the progress made by the Champagne business. All geographic regions recorded increases with particularly strong advances in emerging markets. The Wine business benefitted from the rapid development of sparkling wines. Hennessy cognac continued to see strong momentum across all categories.
The Fashion Leather Goods business group recorded organic revenue growth of 8% for the first nine months of the year. Louis Vuitton reported a double digit rise in revenue, driven by the powerful appeal of its products and the unique experience offered to all clients at its stores, and further reinforcing its advance on the global market. The Shanghai opening of the first Maison Louis Vuitton in China and the launch of a number of collections in collaboration with the artist Yayoi Kusama marked some of the high points of the quarter. Celine achieved remarkably strong performance across all its markets and product ranges. Fendi undertook a targeted expansion of its distribution network. All other fashion brands continued to show improved performance.
The Perfumes Cosmetics business group registered organic revenue growth of 8% for the first nine months of 2012. Christian Dior continued to show strong momentum underpinned by the growth of its iconic perfumes and the relaunch of Dior Addict www.dolabuy.su , backed by a new publicity campaign. The makeup and skincare segments also contributed to the strong performance thanks to the Prestige range and the new Diorskin Nude products. Guerlain high quality designer replica handbags benefitted from the successful launch of La Petite Robe Noire and solid progress with its Orchide Impriale skincare products. Givenchy benefitted from broadened distribution of its makeup range. Benefit continues to achieve strong growth thanks to its They’re Real mascara. Fresh opened its first store in the Chinese market.
The Watches Jewelry business group recorded organic revenue growth of 7% for the first nine months of 2012. LVMH’s watch brands made further progress driven by their iconic ranges and innovation. The launch of TAG Heuer’s new Link Lady and Zenith’s Pilot range were among the highlights for the quarter. Chaumet and Fred delivered good performance in their replica louis vuitton handbags own boutiques.
The Selective Retailing business group achieved organic revenue growth of 14% for the first nine months of 2012. DFS continued to expand its presence in Hong Designer Louis Vuitton Replica Handbags Kong with the opening of its third Galleria in the city centre and establishing three new concessions at the airport which will be operational at the year end. Sephora produced a remarkably strong performance, winning market share across all regions of the world. Its growth momentum remains strong with, notably, significant progress being made in China and Russia and the considerable success of its first store opening in Brazil. On line sales in France and the United States saw particularly strong gains.
Despite the cheap louis vuitton bags from china uk background of an economic slowdown in Europe, LVMH remains confident in its outlook for 2012. The Group will continue to pursue its proactive strategy centered on innovation and targeted geographic expansion in the most promising markets. LVMH will rely on the power of its brands and the talent of its teams to further extend, in 2012, its global leadership position in high quality replica handbags china luxury products.