Brits’ love affair with luxury boosts LVMH sales

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Luxury powerhouse Moët Hennessy Louis Vuitton (LVMH) revealed the British taste for luxury goods is helping boost sales at a number of its design houses.

LVMH’s Celine, Kenzo and Emilio Pucci labels have all posted a growth in 2017 for their operations.

Celine, which hit headlines over the weekend due to its new direction following the appointment of new creative director Hedi Slimane, saw turnover rise 19 per cent to £45.3 million, while pre-tax profit rose to £11 million from £7.9 million.

Meanwhile Kenzo recorded a 30 per cent rise in sales to £6.9 million and Emilio Pucci’s turnover rose to £2.4 million from £1.8 million.

Despite this it posted total losses grew to £670,000 from £435,000, a jump which is likely to be attributed to business rates.

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