LVMH Moët Hennessy Louis Vuitton SE, better known as LVMH, saw an 18% rise in revenue in the nine months to September 2015 – to €25.3 billion ($28.7 billion) – compared with the nine months prior.
The French multinational luxury goods conglomerate posted organic revenue growth of 7% for Q3 of 2015, against forecasts of about 5.5%.
Organic revenue growth strips out the effects of currency movements.
A weaker euro as well as strong wine and spirits sales boosted Q3 revenue.
LVMH noted overall growth in Europe and the US as well as an “acceleration” in Japan.
Overall revenue for Q3 of 2015 rose 16% to $9.76 billion.
LVMH is the world’s biggest luxury group.
It sells the likes of Louis Vuitton handbags, several Champagne brands, Hennessy cognac and fashion labels Fendi and Marc Jacobs. It also sells perfumes, cosmetics, watches and jewellery.
Wine and spirit sales in China, which had been hurt by the country’s anti-corruption drive, saw a “notable acceleration in the third quarter”, the firm said.
“Hennessy cognac …benefited in the third quarter from a strong rebound in shipments to China and continued excellent momentum in the United States,” it stated.
Sales in LVMH’s fashion and leather business were slower than expected.
LVMH does not publish quarterly profit figures.
Lady Gaga has traded in her custom 24-carat-gold Mordekai wheelchair designed by Ken Borochov for a Louis Vuitton creation that she took for a spin through the streets of Chicago on Thursday.
Lady Gaga’s new set of wheels features a seat covered with Louis Vuitton’s iconic brown and tan print.
Lady Gaga has traded in her custom 24-carat-gold Mordekai wheelchair designed by Ken Borochov for a Louis Vuitton creation that she took for a spin through the streets of Chicago on Thursday
Fans and photographers alike spotted Lady Gaga on her midday ride despite her efforts to deflect attention by wearing an understated ensemble of black jeans, a black tank top and oxfords.
Lady Gaga was in Chicago to celebrate her 27th birthday on March 28 with boyfriend Taylor Kinney.
Taylor Kinney currently is in the city filming the NBC drama Chicago Fire.
A source confirmed to the New York Post’s Page Six that Lady Gaga and taylor Kinney kicked off the singer’s birthday celebration on Tuesday evening with an intimate meal at Italian eatery Spiaggia on the city’s famed Michigan Avenue.
Lady Gaga has been confined to a wheelchair since February, when she suffered a labral tear in her hip that caused her to abandon the remaining US dates of her Born This Way Ball tour.
By posing for the Louis Vuitton campaign, U.S. Olympic swimmer Michael Phelps may be stripped of his medals, four gold and two silver, from the London 2012 Games.
The latest Louis Vuitton campaign images, which included Michael Phelps, surfaced on Twitter on August 13, 2012.
According to Rule 40, a regulation introduced by the International Olympic Committee earlier this year, no athlete was able to participate in non-Olympic marketing campaigns from July 18 to August 15, 2012.
If the photographs were in fact due for release on August 16 and a rogue individual had simply leaked them, Michael Phelps will be in the clear. But if the photos were in fact leaked intentionally by the brand, the sporting hero will face punishment.
The French fashion house said after the two photos, snapped by famed photographer Annie Leibovitz, had leaked that they were in fact unofficial images and were stolen from the company.
Michael Phelps’ management team have also denied releasing the images.
The official IOC rule states: “A competitor or a team may lose the benefit of any ranking obtained in relation to other events at the Olympic Games at which he or it was disqualified or excluded; in such case the medals and diplomas won by him or it shall be returned to the IOC.”
By posing for the Louis Vuitton campaign, Michael Phelps may be stripped of his London Olympics medals
Two photographs of the athlete were posted on various websites on August 13.
One showed Michael Phelps posing in a bathtub as the brand’s signature bag sat slumped on the floor beside him while another showed him on a couch, sharing a laugh with former Soviet gymnast Larissa Latynina, 77.
As a less severe punishment, Michael Phelps may also simply be fined if he is found to have breached Rule 40.
According to Sekou Campbell, an intellectual property attorney at Fox Rothschild who has written about Rule 40, if the photos were leaked intentionally, it is likely a violation of the IOC regulation designed to combat ambush marketing.
“That’s the point of ambush marketing,” he told CNBC.
“There’s no formal ad, but they somehow generate coverage.”
Michael Phelps’ long-time agent, Peter Carlisle, dismissed any suggestion Friday that the retired swimmer may have violated Rule 40.
Peter Carlisle told The Associated Press there’s no issue with the IOC because Michael Phelps did not authorize use of the pictures, which were leaked by a source that still isn’t known and appeared on several websites. In fact, the agent added, there are dozens of similar, unapproved uses of most top athletes’ names and images during any Olympics.
“He didn’t violate Rule 40; it’s as simple as that,” Peter Carlisle said in a telephone interview.
“All that matters is whether the athlete permitted that use. That’s all he can control. In this case, Michael did not authorize that use.
“The images hadn’t even been reviewed, much less approved. It’s as simple as that. An athlete can’t control unauthorized uses any more than you can guarantee someone isn’t going to break into your house.”
“I can’t count on every hand in this office the number of unauthorized uses that happen during the Games period,” Peter Carlisle added.
“We uncover them by the dozens. Some are by companies we don’t even know. It happens constantly.”
No matter the outcome, the star has followed in the footsteps of Sean Connery and Catherine Deneuve, posing with the French label’s famous monogrammed bags in the couch image.
The caption beneath, which is written in Italian, bears the words: “Due percorsi straordinari. Uno stesso destino”, which translates as: “Two extraordinary paths. The same fate.”
The new Core Values campaign image was released at the same time as the bath image, in which Michael Phelps is seen wearing trunks and goggles in a bath, with an LV-monogrammed bag beside the tub.
Though it is designed to look like it too is for Louis Vuitton, the luxury label said: “It is not an official Louis Vuitton image.”
The official new advertisement is the latest in an ongoing series titled Core Values.
The campaign has also featured images of Francis Ford Coppola with his daughter Sofia, Rolling Stones rocker Keith Richards and even Mikhail Gorbachev.
The most decorated Olympian of all time Michael Phelps has hit the big time, landing a spot in the latest Louis Vuitton Core Values campaign.
Following in the footsteps of Sean Connery and Catherine Deneuve, Michael Phelps, 27, poses with one of the French label’s famous monogrammed bags.
He stars alongside former Soviet gymnast Larisa Latynina, 77, also an Olympic champion many times over, having won 18 medals in her impressive career.
The caption beneath, which is written in Italian, bears the words: “Due percorsi straordinari. Uno stesso destino”, which translates as: “Two extraordinary paths. The same fate.”
Michael Phelps stars alongside former Soviet gymnast Larisa Latynina in Louis Vuitton's latest Core Values campaign
The new Core Values campaign image was released at the same time as another image of the swimming star, wearing trunks and goggles in a bath, with an LV-monogrammed bag beside the tub.
Though it is designed to look like it too is for Louis Vuitton, the luxury label said: “It is not an official Louis Vuitton image.”
The official new advertisement is the latest in an ongoing series, all shot by celebrated U.S. portrait photographer Annie Leibowitz.
The campaign has also featured images of Francis Ford Coppola with his daughter Sofia, Rolling Stones rocker Keith Richards and even Mikhail Gorbachev.
The purpose of the Louis Vuitton series runs deeper than straightforward promotion however.
The Core Values campaign supports Al Gore’s Climate Change project.
“We are delighted with its success” says Pietro Beccari, Louis Vuitton’s Senior Vice-President of Communication and Marketing.
“Our aim was to broaden the idea of travel beyond its geographical dimension, and the campaign has achieved this in a truly remarkable way. We are particularly proud of the acclaim it has received from within the advertising industry, witnessed by numerous awards.”
“This is a good example of how a business can be innovative and successful, and at the same time environmentally responsible,” said Al Gore on the project.
