From the perspective of revenue, the three luxury goods groups are showing a growing trend. LV parent company LVMH is still the most expensive luxury goods group, the first quarter revenue reached 9.9 billion euros, an increase of 15%, more than the sum of the other two groups of revenue.
While Gucci parent company Kering’s revenue growth in the first place, an increase of 31.2% to 3.573 billion yuan. Hermes also showed that although not the other two groups, but the revenue back to double-digit growth, to 1.352 billion euros.
LVMH departments have achieved double-digit revenue growth, this situation only appeared in 2011. Fashion and leather goods sector revenue grew 15% to 3.45 billion euros, continuing the growth trend in the fourth quarter of 2016. LV and Fendi are the main contributors to growth. Céline, Kenzo, Loewe and other brand performance has also increased.
Hermes, in addition to the watch sector revenue fell 3.5%, the rest of the departments have achieved double-digit growth. The perfume sector performed well and made a strong 18.8% growth with the new Eve des Merveilles Bleue and Galop d’Hermes series.