LVMH eyes recovery as it sells Stella McCartney stake back to the British designer LVMH hailed a recovery in sales over Christmas as it sold its stake in fashion label Stella McCartney back to the British designer.
Sales at LVMH’s fashion and leather goods division – the biggest part of the business and home to brands Louis Vuitton and Dior labels – slipped 1 per cent.
The French group, whose brands include Givenchy, Celine and Louis Vuitton, posted a 1 per cent rise in sales to £20billion in the final three months of last year.
Royal following: Stella McCartney (pictured with King Charles) has bought back the stake LVMH bought in her fashion label.
LVMH supremo Bernard Arnault said he sees a ‘wave of optimism’ in the US, where the luxury industry has pinned its hopes on a revival following Donald Trump’s return to the White House.
