LVMH reports 2012 sales up 19%

LVMH Luxury giant LVMH Moët Hennessy Louis Vuitton reported a 19 percent boost in sales for 2012 to $38.1 billion (€28.1 billion). For the fourth quarter, revenue was up 12 percent.

For the full year, LVMH’s Fashion & Leather Goods division, which includes (among others) Louis Vuitton, Thomas Pink, Marc Jacobs, Donna Karan and Givenchy, was up 14 percent to $13.4 billion in sales.

“2012 was another remarkable year for LVMH, especially in the context of the economic slowdown in Europe,” commented LVMH chief executive Bernard Arnault.

The luxury group singled out its Louis Vuitton brand for its double-digit sales growth last year, along with strong performance from TAG Heuer and the integration of Bulgari, which LVMH acquired in mid-2011. “All business groups saw excellent momentum in Europe, Asia and the United States,” the group added in its earning statement.

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