The Week Ahead: Will Celine and Louis Vuitton Sales Match the Hype?
This week, everyone will be talking about LVMH's financial results.
LVMH’s First Sales Results Since Creative Shakeup
Louis Vuitton's flagship store on the Champs Élysées, Paris | Source: Unsplash
LVMH reports first-quarter results on April 10
The results cover sales for first collections from Virgil Abloh at Louis Vuitton, Hedi Slimane at Celine and Kim Jones at Dior
LVMH shares have soared since reporting strong 2018 results in January
It was an eventful quarter for the world’s biggest luxury conglomerate, which saw the fruits of its menswear creative shakeup hit stores, including Virgil Abloh’s first Louis Vuitton collection going on sale in January, followed by Hedi Slimane’s Celine in February. LVMH doesn’t break out financial results for individual brands, so we shouldn’t get our hopes up about finding out whether sales met expectations (though reports of cleaned-out pop-ups should put any doubts to rest). And though LVMH does sometimes delve into specifics, including targeting €2 billion in sales for Celine, often outside observers are left to parse executives' remarks for clues about brands' performance. Look for updates on Vuitton, Dior and Celine, plus the company's upcoming Rihanna project and the expanding hospitality division in the wake of December's Belmond acquisition.
The Bottom Line: Any statements about China still deserve careful scrutiny, though a bevy of strong reports from top luxury brands (with a few notable exceptions) has quieted concerns about that market.