LVMH reported better than expected results, with Christian Dior fragrance doing well and robust sales in China making up for weakness in other business areas.
The perfume and cosmetics division of luxury goods player Moët Hennessey Louis Vuitton (LVMH) suffered sales losses in the first half of 2009 but stood up better than its wines and spirits segment.
A combination of good product diversity, further boosted by strong personal care sales helped give LVMH a solid performance during the fourth quarter and 2008.
LVMH Moët Hennessey Louis Vuitton has recorded a strong first half of the year suggesting the luxury industry still holds promise despite the struggling economy.
Cosmetics and fragrance packaging specialist QSLD Paris has opened
up its second affiliate in Geneva, in a move that aims to grow its
presence on a global basis.
Despite Clarins announcing solid quarterly results last week
there is still speculation over who might try and bid for one
of the last remaining major independent companies in the business.
Cosmetics giant L'Oreal has reportedly challenged eBay, in five
European countries, for failing to combat the sale of counterfeit
goods through its internet auction website.
Upmarket beauty player Clarins has received a €500,000 fine from
the French Conseil de la Concurrence (Competition Council) after
being found guilty of price-fixing between 1997 and 2007.
Sephora, the fragrance and cosmetic retail arm of France-based LVMH
Moet Hennessy Louis Vuitton, has announced a new partnership with
Monopoly to launch a beauty based board game, targeting the
profitable holiday period.
A continued and growing recognition of the LVMH Moët Hennessy Louis
Vuitton brands has helped the group to put in another strong
quarter, with sales of its major French cosmetic and fragrance
brands also making a mark.
After another flat quarter French luxury goods group PPR says it is
to pursue plans to restructure its YSL Beauté division in an effort
to improve efficiency and make the business more competitive.
Luxury cosmetics and fragrances are continuing to provide some of
the biggest sales growth in the industry, as the latest quarterly
results from France-based LVMH Moet Hennessy Louis Vuitton reveal.
Benefit Cosmetics, a subsidiary of luxury group LVMH Moet Hennessy
Louis Vuitton, has signed a deal with Amazon to sell its cosmetics
products online in the US and UK markets.
The French Competition Commission has fined 13 leading luxury
fragrance brands and three retailers a total of €46.2m after it
found them guilty of breaching anti-competition agreements .
The counterfeiting of high-end cosmetics and fragrances in China is
big business and it is hitting luxury goods makers hard. But they
are now fighting back harder too, and if a recent lawsuit involving
Louis Vuitton Moet Hennessy...
A record financial year for LVMH Moet Hennessy Louis Vuitton, is
supported by a strong performance from the company's cosmetics and
fragrance operations, boosted by the Dior brand as well as an
increasing market share for its...
L'Oreal says it is considering making a cash offer for British
cosmetics and toiletries retailer Body Shop, as it aims to broaden
its existing business portfolio in an effort to maintain its
unbroken sales growth record.
With increasing evidence that more and more consumers are plucking
for luxury cosmetic brands on both sides of the Atlantic, a recent
report points out that, despite the twinned growth, the each
markets has very distinct characterteristics,...
YSL Beauté - part of Italian luxury-goods firm Gucci Group - has
reported a drop in sales for the fourth quarter of 2003. As the
Gucci Group records its best ever quarterly revenue results, Beauté
stands out as the division struggling...
Moët Hennessy Louis Vuitton (LVMH) - the world's leading luxury
products group - has achieved a 9 per cent increase in annual
operating income despite the difficult economic environment of
2003. The US company's perfumes...
