LVMH, world's leading luxury group, just published good Q1 2021 sales.
It increased by 30 % on an organic basis vs Q1 2020 and by 8 % on an organic basis vs Q1 2019.
All divisions increased except Selective Retailing (mainly DFS, still impacted by restrictions on international travel).
Details are also quite good for Cettire :
- strong growth for US and Asia, while Cettire makes most of its sales in the US,
- once again, LVMH benefited from a strong business for its fashion and leather goods divisions (+ 52 % organic growth), while bags was the main product category for Cettire in FY 20 (bags represented 24 % of sales).
- LVMH also indicated that "online sales progressed well throughout the world".
the luxury e-commerce sector, page-4
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