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I will now hand over to Mr. Sir, please go ahead. Jean-Jacques Guiony Thank you. Ladies and gentlemen, good afternoon, and welcome to this conference call.
And for this, I refer you to the safe harbor statement including on Slide 2 of this presentation. And after this, both Chris and I will be available for your questions. The press release is available on our website, lvmh. Moving to the first slide of the presentation, I would say that the first half of was excellent.
I will now turn to Chris, who is going to review the main developments within our various business groups.
Chris Hollis Thanks, Jean-Jacques. This is Slide 6. Looking at the drivers behind the numbers on a geographic basis compared to the first half. This business group demonstrated strong momentum in China and made good progress in the U. Europe and Japan delivered solid growth, while the U.
China, too, delivered a particularly strong first half for Hennessy. Depletions in both the U. Looking to the second half at Slide 8.
The color is, of course, to ensure the best value creation in the context of tight supply. The focus across the business group is on product innovation and finding new ways to consume which is supported by innovative marketing and digital advertising while enhancing the desirability of the brands notably at that point of sale.
As this strong growth suggests, there were several highlights in the first half. Geographically, there was strong growth in Asia and the U.
Christian Dior Couture was also, as I noted earlier, a strong performer with growth across product categories. Loro Piana, whose focus was on premium Womenswear, was a strong performer in Asia.
While on the products front early this year, they unveiled a very successful collaboration with Supreme. And finally, growth continued at Kenzo, Loewe, Berluti, and also Givenchy, whose wedding gown for the now Duchess of Sussex gained high visibility.
Looking ahead to the balance of the year. As always, the top priority is continuing the creative momentum of Louis Vuitton to deliver innovation across product categories. Some emblematic stores will undergo some interesting transformations, and there are plans to increase production capacity in response to demand.
For Christian Dior Couture, the focus is on delivering products that reflect and celebrate its unique savoir-faire. Fendi will open up its first store in Spain in Barcelona. And the top line again more than flowed through to the bottom line. This is an all-time high from a margin point of view.
A good performance from all brands with notable strength in Asia. Breaking this down a bit, Parfums Christian Dior was -- has great momentum around the world.
Rouge Dior was rolled out internationally after a strong launch, and Dior Backstage is off to a promising start.
Key figures. LVMH, the world’s leading luxury products group, gathers 70 prestigious brands, with billion euros revenue in and a retail network of over 4, stores worldwide. Inside Retail Asia Bollore Logistics Singapore has unveiled a plan for a S$10 million (US$ million) automated logistics centre for French luxury products group LVMH. Supported by the Singapore Economic Development Board (EDB), the 20, sqm centre will be built as a shared investment between the partners. "Asia is one arena where it is very easy to make mistakes," Mr Thakran, group president of LVMH in south-east Asia and the Middle East, told The Australian Financial Review.
Finally, the Dior skincare line, Prestige, has seen strong growth, notably in Asia. At Guerlain, the standouts included Rouge G lipstick, a big hit; as well as the recently launched Mon Guerlain Eau de Parfum Florale; and the skincare line, Abeille Royale, which has been very successful.
Finally, one of our newest additions, Maison Francis Kurkdjian, continues to grow opening its first boutique in the U. Looking at it, the group is focused on its prudent strategy of introducing a consistent flow of innovation and creativity to drive the ongoing appeal of our outstanding brands and product lines.
The brand will also continue its successful rollout of Dior Backstage. Kenzo will roll out its Kenzo World line in China. And lastly, but certainly not least, Fenty Beauty by Rihanna celebrates its first anniversary after an outstanding year with more excitement to come as the product range is expanded.
Now turning to Slide 18, Watches and Jewelry.
LVMH is active in fashion and leather goods through Louis Vuitton known to sophisticated travelers worldwide for the unequaled quality of its craftsmanship – as well as through Céline, Donna Karan, Fendi, Givenchy, Kenzo, Loewe, Emilio Pucci, Thomas Pink, Berluti, Marc Jacobs and Loro Piana. Ian Rogers, LVMH chief digital officer and a former Apple and Beats executive, talks luxury online retail, start-up ‘scaffolding’ in France, and why the next Google or Facebook is likely to be. The consumer packaged goods (CPG) landscape is in the midst of a significant shake-up. Coca-Cola recently reshuffled its leadership team to focus on growth, innovation, and digital. Unilever has.
On the Jewelry side, Bvlgari is moving from strength to strength, gaining share in key markets around the world.Company: LVMH Fragrance Brands France Business group: Perfumes & Cosmetics JOB OBJECTIVE - Within the sales regional organization, assist the Area Manager in the day to day administrative follow-up of the area (Area includes Local markets for Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Cambodia, Taiwan, Mongolia.
Campaign Asia reports on an emerging media and has grown to be the authoritative voice of the media, marketing and advertising community in the asia pacific region. KKR to Acquire PetVet Care Centers from L Catterton.
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FOR LVMH IN ANNUAL RESULTS 3 | Context of geopolitical turbulence and economic and monetary uncertainty | Continued solid growth in the US and Europe; resumed growth in Asia | Record sales and profit from recurring operations • Revenue: + 5% (6% organic) LVMH_RA___VA Author: hoang-minh.
The company also involves in the distribution of its products to travelers; and selective retailing in Europe, North America, and Asia. As of December 31, , LVMH .