×
203
Fashion Jobs
FORTUNE HR SOLUTIONS
Merchandising Manager
Permanent · Chennai
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
By
Reuters API
Published
Jan 26, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Pandemic-fuelled lust for labels augurs well for LVMH

By
Reuters API
Published
Jan 26, 2022

French luxury group LVMH is expected to post strong fourth quarter sales on Thursday, following a slate of solid earnings from rivals that showed steadfast demand for high-end fashion and accessories from pandemic-weary consumers.


Louis Vuitton - Fall-Winter2022 - Menswear - Paris - © PixelFormula



The group's powerhouse labels Louis Vuitton and Dior are expected to drive a 16 percent rise in sales at constant exchange rates over the all-important holiday spending period, according to consensus estimates.

The group's fashion and leather goods division - which accounts for half of revenues - is set to extend its dominance of the sector, with an estimated market share of 21% compared to 16% before the pandemic, according to UBS forecasts.

The division's profit margin is seen at around 40%, one of the highest in the industry.

The world's largest luxury group has brands spanning Hennessy cognac to cosmetics retailer Sephora. It has strengthened its position during the pandemic in areas such as jewellery, with its purchase of Tiffany, whose importance for the overall group is expected to grow as LVMH invests in marketing to take on rivals like Richemont's Cartier.

The group's earnings release comes after others in the sector including Prada, Richemont, Burberry and Tod's, pointed to unabated appetite for high end goods through the end of last year.

The luxury industry bounced back strongly from the health crisis last year, even if international travel, a key growth driver in pre-pandemic times, has not fully resumed, with brands doubling up on efforts to reach consumers locally and through digital channels.

Sales over the last three months of the year at LVMH are expected to come in at around 18 billion euros, or 17% above their pre-pandemic level in 2019.
 

© Thomson Reuters 2022 All rights reserved.