Posts Tagged ‘profits’

While everyone else melts down- LV up 12 Percent!

Saturday, October 11th, 2008

Louis Vuitton Profits

Yeah.  We're literally in the middle of a global economic meltdown.  Banks failing.  Bankruptcy.  Bailouts.

But all those price increases must be doing some good!   LVMH recorded $12 billion in revenue for the first 9 months of 2008- putting them up 6% overall.   Their revenues actually increased third quarter (when it started getting really ugly for everyone else!)

Louis Vuitton in particular is up a whopping 12%.  This unbelievable growth largely due to the continuing popularity of traditional monogram and graphite damier and strong presence in emerging markets.

I love this quote from The Cut- (and don't say we haven't said this all along):

"So don't buy gold! Buy handbags."

Seriously... Go ahead and invest!

Forbes

New York Mag's The Cut

Marketwatch

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Posted in LVMH | No Comments »

You’re welcome, LVMH :)

Tuesday, February 19th, 2008

Yes, why not? I mean, after all- we're the ones paying the always reliable price increases. So basically, I'm personally taking some credit for the 8%, or $3 Billion (yep- 9 zeros!) profit last year.

Don't have time to read the article from Bloomberg? Here are the "cliffsnotes":

  1. profit rose 8 percent last year
  2. LVMH Chairman Bernard Arnault forecasts a ``tangible increase'' in results this year
  3. "Spending on luxury goods will double to 300 billion euros in five years"

Fascinating quote:

"Never Full bags, which cost up to $655 and can be turned inside-out, helped to stimulate sales in Japan, the source of about 15 percent of revenue. They contributed to an 8 percent gain in sales to 5.63 billion at LVMH's fashion and leather- goods division, its main unit, after sluggish Japanese demand weighed on sales across the industry last year."

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Posted in LVMH, Louis Vuitton Bags | No Comments »

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