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Luxury goods conglomerate LVMH released its end-of-year performance report yesterday, and it looks like 2014 was a good year. According to Vogue UK, revenue was up 6% in 2014 to €30.6 billion, and LVMH's fashion and leather goods business group reported organic revenue growth of 3%.
The statement singled out Louis Vuitton and Nicolas Ghesquière, saying: "For Louis Vuitton, 2014 was characterised by strong creative momentum, dominated by the enthusiastic reception of Nicolas Ghesquière's first runway shows and of the new products. The celebration of the Monogram canvas as revisited by six leading designers and the inauguration of the Avenue Montaigne flagship store in Paris are among the highlights of the last quarter."
Other brands praised for their 2014 performance include Christian Dior, Bulgari, Sephora, Céline, and Fendi. But some fashion houses struggled to find their footing. The LVMH statement reads: "Other fashion brands such as Givenchy, Kenzo and Berluti experienced accelerated growth, while Donna Karan and Marc Jacobs are in a redeployment phase."
· Ghesquière Helps LVMH Achieve "Excellent" Results [Vogue UK]
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