Celine leads pack of LVMH fashion labels toasting UK sales growth
British shoppers’ love of luxury goods has helped fashion powerhouse LVMH to boost UK sales at a number of its design houses, new accounts have revealed.
The French firm’s Celine, Kenzo and Emilio Pucci labels have all posted 2017 growth for their UK operations.
Celine, which recently unveiled its latest collection at Paris Fashion Week, saw turnover jump 19% to £45.3 million and pretax profit increase to £11 million from £7.9 million.
The luxury label, which has a store on Mount Street and concessions in Selfridges and Harrods, said it was helped by demand for a collection “that was appreciated by customers”.
Kenzo recorded a 30% rise in sales to £6.9 million, and pretax profits increased to £713,000 from a £409,000 loss.
Emilio Pucci’s turnover edged up to £2.4 million from £1.8 million. However, total losses widened to £670,000 from a £435,000 loss owing to higher costs, largely linked to business rates.
Global first half sales at LVMH, which also owns a number of drinks brands, rose 10% to €21.8 billion.