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April 2, 2018
By: TOM BRANNA
LVMH Moët Hennessy Louis Vuitton says revenue rose 13% over 2016 figures, reaching €42.6 billion ($52.4 billion) in 2017. Organic revenue growth was 12%. All business groups recorded double-digit organic growth with the exception of wines and spirits, according to the luxury firm. The company’s perfume and cosmetics business saw sales rise 12% to €5.5 billion ($6.8 billion) for the year. Strong momentum was reported at Parfums Christian Dior, driven by successful product innovations. Sephora also recorded growth, said the company.
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