The Business of Fashion: LVMH Moët Hennessy Louis Vuitton Announces Record 2016 Results

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €37.6 billion in 2016, an increase of 5% over the previous year. Organic revenue growth was 6%.lvmh-moet-hennessy-louis-vuitton

In the fourth quarter, revenue increased by 9% compared to the same period of 2015. Organic growth was 8%. The American market remains on a good track as does Europe. Asia, excluding Japan, continued its good momentum.

Profit from recurring operations reached €7 billion in 2016, an increase of 6%, to which all business groups, apart from selective distribution, contributed. This result compares to 2015 which was itself a year of growth. Operating margin reached 18.7%. Group share of net profit was €3 981 million, representing growth of 11%.

Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH achieved an excellent performance in 2016 within a context of geopolitical and economic instability. Continued innovation, entrepreneurial spirit and the quest for excellence: all Maisons continue to assert these core values while maintaining rigorous execution of their strategies on the ground. In an environment which remains uncertain, we can count on the appeal of our brands and the agility of our teams to strengthen, once again in 2017, our leadership in the universe of high quality products.

Key highlights from 2016 include:

  • Record revenue and profit from recurring operations
  • Growth in the United States, Europe and Asia
  • Good performance of Wines & Spirits in all regions
  • The success of both iconic and new products at Louis Vuitton, where profitability remains at an exceptional level
  • Progress at Fendi
  • The sale of Donna Karan and the acquisition of Rimowa, a leader in luggage of excellence
  • Good momentum at Parfums Christian Dior driven by successful product innovations
  • Market share gains at Bvlgari and TAG Heuer
  • Growth at Sephora which strengthened its position in all its markets and in digital
  • Free cash flow of €3 974 million, an increase of 8%
  • Gearing of 12% at end of December 2016

WINES & SPIRITS: GOOD YEAR WITH PROGRESS IN THE UNITED STATES AND REBOUND IN SHIPMENTS TO CHINA

The Wines & Spirits Business Group recorded an increase in organic revenue of 7 %. On a reported basis, revenue growth was 5 %. Profit from recurring operations increased by 10 %. With volumes up 3%, solid growth continues for champagne and prestige cuvees performed particularly well. Hennessy cognac enjoyed an excellent year with 10% volume growth. The American market is growing well and China saw better momentum after a tough 2015 due to destocking by distributors. Other spirits, Glenmorangie and Belvedere, continued their growth.

LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Belvedere, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton, Bodega Numanthia and Ao Yun.

FASHION & LEATHER GOODS: GOOD PERFORMANCE OF LOUIS VUITTON, OTHER BRANDS STRENGTHENED THEIR POSITIONS

The Fashion & Leather Goods Business Group recorded organic revenue growth of 4% in 2016. On a reported basis, revenue growth was 3 %. Profit from recurring operations increased by 10%. Louis Vuitton had a good year driven by the level of creativity across all its businesses. The continued success of its iconic product range and the strong demand for recent creations such as the new luggage designed by Marc Newson and the Louis Vuitton fragrances, all contributed to this growth. Fendi recorded robust growth crossing the symbolic revenue threshold of 1 billion euros during the year. Loro Piana continued to expand its distribution network and opened a flagship store in Paris. Céline, Loewe and Kenzo all continued to grow. Marc Jacobs continued to work on changes to its collection. Donna Karan was sold in December to the American G-III group. Rimowa, world leader in luggage of excellence, joined the LVMH group.

Its Fashion and Leather Goods division includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Nicholas Kirkwood, Loro Piana and Rimowa.

PERFUMES & COSMETICS: CONTINUED SUCCESS OF INNOVATIONS; EXCELLENT PERFORMANCE IN MAKEUP

The Perfumes & Cosmetics Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 6%. Profit from recurring operations increased by 5%. The inauguration of the new atelier for the creation of fragrances, Les Fontaines Parfumées, at Grasse was a highlight of the year. Parfums Christian Dior grew market share in all regions, driven by the worldwide success of Sauvage and the vitality of its iconic perfumes J’adore and Miss Dior. The progress of makeup also contributed to the Maison’s excellent performance. Guerlain benefitted from the successful launch of its new makeup collection inspired by its fragrance La Petite Robe Noire. Benefit experienced strong growth driven by the success of its new collection for eyebrows. Make Up For Ever, Fresh and Kat Von D performed well.

LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh).

WATCHES & JEWELRY: MARKET SHARE GAINS FOR BVLGARI AND TAG HEUER

The Watches & Jewelry Business Group recorded organic revenue growth of 5%. On a reported basis, revenue growth was 5%. Profit from recurring operations increased by 6%. Bvlgari continued to gain market share with enhancements to its Serpenti, Diva and B.zero1 lines. Growth continued in China, Korea and in the Middle East. TAG Heuer grew despite a difficult market for watches, gained market share and benefitted from the success of its new collections and its connected watch. Hublot accelerated its development in Asia and recorded the best year in its history. Chaumet continued to move its product lines upmarket and inaugurated a new boutique concept in Hong Kong.

LVMH‘s Watches and Jewelry division comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers Diamond Jewellers Ltd, a joint venture created with the world’s leading diamond group.

SELECTIVE RETAILING: GOOD PERFORMANCE AT SEPHORA, DFS IMPACTED BY A DIFFICULT TOURISM CONTEXT IN ASIA

The Selective Retailing Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 7%. Profit from recurring operations declined by 2%. Sephora gained market share across all regions and once again recorded double-digit growth in both revenue and profits. More than a hundred stores were opened in 2016 including notably a flagship store in the World Trade Center in New York and major renovations in Boston and Singapore. Its online offer accelerated with the launch in six new countries. DFS continued to face a difficult environment, notably in Hong Kong. The expansion into new destinations continued. The opening of the T Galleria in Angkor in Cambodia and one in Venice, Italy were the highlights of the year.

LVMH is also active in selective retailing as well as in other activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Royal Van Lent and Cheval Blanc hotels.

Key figures:

             
Euro millions    

2015

 

2016

 

% change

Revenue    

35 664

 

37 600

 

+ 5 %

Profit from recurring operations    

6 605

 

7 026

 

+ 6 %

Group share of net profit    

3 573

 

3 981

 

+ 11 %

Free cash flow*    

3 679

 

3 974

 

+ 8 %

Net financial debt    

4 235

 

3 265

 

– 23 %

Total equity    

25 799

 

27 903

 

+ 8 %

* Before available for sale financial assets and investments, transactions relating to equity and financing activities Continue reading

Adrianna Papell Announces New Exclusive Platinum Bridal Collection

Adrianna Papell, the brand that prides itself on making every moment and every woman feel special, is excited to announce an all new bridal collection licensed through special occasion dress manufacturer, House of Wu. The Adrianna Papell Platinum Collection will combine the elegance, sophistication, and exclusivity of Adrianna Papell with the reputation of House of Wu. Beginning in Spring 2017, brides worldwide will be thrilled to discover Adrianna Papell Platinum—a brand she has trusted for many other milestone occasions—as an option for her wedding day.

Adrianna Papell Platinum Bridal Collection

Adrianna Papell announces new exclusive Platinum Bridal Collection (PRNewsFoto-Adrianna Papell)

For 37 years, the Adrianna Papell Group has focused on a single mission: to make every woman feel beautiful. With an artisanal attention to detail, the Adrianna Papell collections are known for an elegance and flair that empowers women of all ages and silhouettes to feel their very best. Over the years, the Adrianna Papell Group has expanded its business across 15 countries through various channels, including free standing stores globally, and is fast growing its brand recognition in other apparel and fashion categories.

Jaynee Berkman, Adrianna Papell’s President and Chief Merchandising Officer, states, “We are excited about this opportunity to expand our product line to include true bridal gowns and reach this new channel of distribution. Brides brought us into the wedding business 2 years ago by wearing our evening dresses as bridesmaid, destination wedding, rehearsal dinner and reception dresses.”

House of Wu is renowned as the company that retailers worldwide trust for superior design, on-time performance, and retailer profitability. The House of Wu has paved its way in the bridal and formal wear industry for over two decades, standing behind their vision and brand tagline of providing “a dress for every dream“.

I am excited to have this opportunity to partner with the designers of Adrianna Papell to develop this romantic styling of wedding gowns,” said Wen Wu, House of Wu’s President.

House of Wu has developed retail partnerships which span over 26 years, and wedding salons trust them for their service and quality. We couldn’t ask for a better company to exclusively distribute this collection to their retail partners,” said Berkman.

The new collection can be seen at AdriannaPapellPlatinum.com

Three, Two, One…Holiday! Amazon.com Launches Black Friday Deals Store and Curated Holiday Gift Guides

This Holiday Season, Customers Can Enjoy More Deals Than Ever Before On Everything From Hd Tvs To Stylish Kitchen Staples To Some Of The Most Popular Toys Of The Year

To Help Customers Find The Perfect Gift For Everyone On Their Shopping List, Amazon Offers Curated Holiday Gift Guides For Electronics, Home, Handmade, And Other Categories

Alexa, What Are Your Deals? New This Year, Prime Members Can Use Alexa Voice Shopping To Shop For Almost Anything, Including Exclusive Deals For Customers With An Amazon Echo, Echo Dot, Amazon Tap, Amazon Fire Tv, Or Fire Tablet

Amazon.com has announced the launch of its Black Friday Deals Store and more than a dozen curated holiday gift guides, officially marking the start of the holiday countdown. Customers can enjoy tens of thousands of deals this holiday season on Amazon.com, with new deals as often as every five minutes on everything from HD TVs to stylish kitchen staples to some of the most popular toys of the year. In addition, Amazon offers curated holiday gift guides to help take the guesswork out of shopping for loved ones and make it easier for customers to find the perfect gift for everyone on their list.logo_white_

Customers love discovering the best deals on the most sought-after products, and our Black Friday Deals Store and curated Holiday Gift Guides offer them a place to do just that – plus enjoy the most convenient shopping experience with tons of super-fast shipping options,” said Doug Herrington, Senior Vice President of North American Retail at Amazon. “This holiday season, we’re offering more deals than ever before and – for the first time ever – giving Prime members an opportunity to use Alexa voice shopping for purchasing their holiday gifts hands-free. They can make purchases simply by asking Alexa-enabled devices, like the new Echo Dot, while relaxing at home with family and friends.

Black Friday Deals Store

Available at www.amazon.com/blackfriday, the Black Friday Deals Store is the leading deals destination for customers with tens of thousands of deals, and new deals as often as every five minutes, now through December 22. Customers can enjoy more deals than ever before this holiday season, including low prices on top gifts such as electronics, toys, clothing, jewelry, kitchen items, and more. In fact, Amazon is offering up to 20 compelling Deals of the Day in a single day. Some examples of the great deals Amazon customers can take advantage of this holiday season include: $20 off the Kindle Paperwhite, savings on an LG 55” 1080p Curved Smart OLED TV, and up to 40% off select Magformers toys.

Electronics Gift Guide

Available at www.amazon.com/electronicsgiftguide, the 2016 Amazon Electronics Gift Guide features more than 500 of this year’s hottest technology products all in one convenient location. Enthusiasts can explore new releases such as 360-degree cameras and buzz-worthy gifts like virtual reality headsets and 3D printers. The Electronics Gift Guide also features innovations from up-and-coming startups in the Amazon Launchpad program. Customers can browse more than 10 categories, including smart home, home entertainment, music, wearables, photography, gaming, gadgets and gizmos, and more. The Electronics Gift Guide also includes expert reviews and product demonstration videos to help customers find the perfect gift. And shoppers looking for budget-friendly gift ideas can find top gifts under $100.

Home Gift Guide

Available at www.amazon.com/homegiftguide, the 2016 Amazon Home Gift Guide is a curated list of more than a thousand of this season’s must-have products for the home. Filled with gift ideas for indoors and outdoors, customers can easily discover presents for everyone on their list, including cooks, bakers, home decorators, arts and crafters, smart home tech lovers, pets, backyard enthusiasts, kids and more, curated by experts in the industry such as Smitten Kitchen and Design*Sponge. Holiday decorators and party planners will find everything they need to set a festive scene at home. Customers can also shop the latest trends in the Home Gift Guide, including copper appliances, rose gold cutlery, and handmade ceramics, as well as browse products that are new this holiday season, including the KitchenAid Mini, NEST Fragrances Classic Candle (Hearth), Petcube Play Wi-Fi Pet Camera, and Bissell 1650A Pet Hair Eraser Vacuum.

Handmade at Amazon Holiday Gift Guide

Available at www.amazon.com/handmade, the Handmade at Amazon Holiday Gift Guide offers customers curated lists of genuinely handcrafted items sold directly by artisans. Featuring products for her, for him, and for kids, as well as handcrafted stocking stuffers for friends and family, the Gift Guide makes finding the perfect holiday present easier than ever. Heading into this holiday season, Amazon customers visiting the Handmade at Amazon store will see hundreds of thousands more handcrafted items, thousands of which are eligible for Free Two-Day Shipping with Amazon Prime. For shoppers looking for a personal touch, over half of the items listed on Handmade have options for customer personalization. With handcrafted items in categories from toys and games, to home décor, handbags and accessories and kitchen and dining, Handmade at Amazon is a one-stop-shop for artisan-crafted gifts this holiday season. Continue reading

Paris Fashion Week Spring/Summer 2017: KAVIAR GAUCHE | Bridal Couture Collection “Sans Souci“

Kaviar Gauche : Runway - Paris Fashion Week Womenswear Spring/Summer 2017

PARIS, FRANCE – OCTOBER 01: Creative Directors Johanna Kuehl and Alexandra Fischer-Roehler acknowledge the audience during theKaviar Gauche show as part of Paris Fashion Week Womenswear Spring/Summer 2017 on October 1, 2016 in Paris, France. (Photo by Kristy Sparow/Getty Images for Kaviar Gauche)

Paris, October 1st 2016: Saturday evening the designers Alexandra Fischer-Roehler and Johanna Kühl of the German high-end design couture-label KAVIAR GAUCHE showed their new bridal couture collection entitled “Sans Souci” during Paris Fashion Week. The show was held in the spectacular spaces of Fondation Mona Bismarck in Paris and attended by 150 international guests from the fashion industry and art world. 

Kaviar Gauche : Runway - Paris Fashion Week Womenswear Spring/Summer 2017

PARIS, FRANCE – OCTOBER 01: A model walks the runway during the Kaviar Gauche show as part of Paris Fashion Week Womenswear Spring/Summer 2017 on October 1, 2016 in Paris, France. (Photo by Kristy Sparow/Getty Images for Kaviar Gauche)

Kaviar Gauche : Runway - Paris Fashion Week Womenswear Spring/Summer 2017

PARIS, FRANCE – OCTOBER 01: A model walks the runway during the Kaviar Gauche show as part of Paris Fashion Week Womenswear Spring/Summer 2017 on October 1, 2016 in Paris, France. (Photo by Kristy Sparow/Getty Images for Kaviar Gauche)

The Knot Unveils the Top Trends in Weddings for 2016

Contemporary Choirs, Satellite Bars, 3-D Printing and Personal Concierge Pros Are Making Their Way Into 2016 Weddings

The Knot, the #1 wedding resource and an authority on all-things wedding, has released its annual Wedding Trends Report of the top trends for 2016. From satellite bars and two-in-one-dresses to choirs performing rock ballads as you walk down the aisle or dance your first dance, the 2016 trends have taken wedding traditions to a whole new level.

THE KNOT LOGO

The Knot logo. (PRNewsFoto/The Knot)

Weddings are more personalized than ever, with couples putting their own unique touches on classic traditions,” says Kellie Gould, editor in chief of The Knot. “Couples are taking entertainment up a notch by hiring contemporary choirs that will sing an a cappella version of their first dance song, and upgrading the signature cocktail to satellite bars featuring specialty drinks with engraved glassware and elaborate garnishes. Guys are even upping their grooming game and stepping into the spotlight more with custom suits and accessories.”

The Knot Wedding Trends Report for 2016:

Two-in-One Dresses & Fashion-Forward Florals: Instead of making a complete dress change from the ceremony to reception, brides are opting for convertible dresses that combine a formal ceremony gown and a fun reception frock in one. Picture a dramatic feather skirt overlay that gets removed after the ceremony to reveal a lace column gown you can hit the dance floor in. Additionally, flowers are going beyond the bouquet and centerpieces. Vibrant, floral-printed dresses and traditional dresses with 3-D floral appliqués are flooding the bridal runways. Can’t commit to a gown? Try a blooming flower crown.

Wedding Concierge Pros : Wedding planning is getting easier. If an extra hand is needed to execute any element of the day that falls out of the realm of traditional planner duties, there’s a pro—and many times, an app—for that. Popular services include proposal assistance, bridesmaids for hire, bachelor party planning gurus, social media mavens and speechwriters. And The Knot can even help couples find the perfect venue with their Venue Concierge Service—for free! Brides can now hire someone to tackle the jobs they don’t have time for—including live-tweeting your wedding day and training your four-legged ring bearer.

Satellite Bars: Say hello to the satellite bar in 2016. In addition to the standard mixed drinks, beer and wine setup, this second bar is designated for a special spirit. It’s a great way to personalize the party with your favorite libation, or even serve a tasting of preferred wines. Set up a bar that highlights your preferred drink, like champagne or a specialty gin. If you’re down for tequila, try some twists on the classic margarita (hello, grapefruit) or tasteful shooters. Personalize one step further with colored glassware, infused ice cubes or elaborate garnishes, like smoke, that will wow guests.

Contemporary Choirs & Late-Night Karaoke: Keeping guests entertained all night long with special musical performances isn’t new, but this year’s trend is: choirs. Think 20-person ensembles with amazing a cappella abilities. Surprise guests by hiring a marching band or gospel choir and have them perform a favorite rock ballad for the walk down the aisle or an a cappella version of the first dance song. And if you’re hosting an after-party, karaoke is king. A basic karaoke setup and some photo booth props is all you need to keep the party going. Watching friends and family belt out their favorite ’90s hits is priceless.

Sweet Endings: Cakes are getting a design update with graphic prints and textile-like motifs, while plain tiers are acting as a canvas for projecting video displays—the perfect marriage of dessert and technology. The wedding cake is here to stay, but it’s no longer the only dessert on the menu. Passed treats, especially of the frozen variety like shaved ice or fruit-infused ice pops with the couple’s names on the stick, are trending along with installations like doughnut walls.

Wow-Worthy Websites: Weddings have become weekend-long celebrations, regardless of destination, making wedding websites a must-have for all the details guests need. Enter the web designer. Couples are hiring design gurus to create a completely custom site with a unique URL, bespoke details and personalized illustrations. But you don’t need a web designer to get a beautiful site. The Knot wedding website tool offers more than 80 gorgeous wedding website designs that can be personalized to include a couple’s favorite photos and links to their registries. Some even offer matching invitations. Continue reading

Mexico’s Velas Resorts Unveils New Wedding Deals for 2016 & 2017

Offering unparalleled all-inclusive experiences for destination weddings, Velas Resorts in Riviera Maya, Puerto Vallarta and Riviera Nayarit have earned 26 AAA Diamond ratings and numerous other international awards. The resorts are Casa Velas, a boutique adults-only hotel and ocean club located on the Marina Vallarta Golf Course; Velas Vallarta, a family-friendly all-suite resort located on 10 acres of oceanfront; and AAA Five Diamond Award recipients Grand Velas Riviera Nayarit on the Banderas Bay and Grand Velas Riviera Maya, with both jungle and beach settings. Velas Resorts offer a variety of venues and vistas for weddings of any size and generous wedding packages that include romantic extras such as an aromatherapy couples massage and candlelit dinners.

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Wedding at The Grand Velas Riviera Nayarit on the Banderas Bay

Couples tying the knot at Mexico’s four “Beyond All-Inclusive, Beyond All CompareVelas Resorts in 2016 and 2017 will enjoy a variety of new wedding promotions to ring in the new year, such as complimentary ceremonies, suite upgrades, weekday wedding savings and more. Promotions are valid at Puerto Vallarta’s Casa Velas and Velas Vallarta, Riviera Nayarit’s Grand Velas Riviera Nayarit, and Riviera Maya’s Grand Velas Riviera Maya.

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Grand Velas Riviera Maya

Those wishing to be wed at the AAA Five Diamond Grand Velas Riviera Nayarit or adults-only Casa Velas will enjoy weekday savings and upgrades for weddings held Monday through Thursday. The weekday wedding special includes one complimentary suite for every eight suites booked; a symbolic wedding ceremony; suite upgrade for the newlyweds and their parents; reduced reception site fees; complimentary cocktail hour; and a special price on contracted wedding packages.

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Grand Velas Riviera Nayarit on the Banderas Bay wedding Package

Sister property the AAA Five Diamond Grand Velas Riviera Maya on Mexico’s Caribbean coast will treat couples to one complimentary suite for every 10 suites booked; upgraded suite for the bride and groom; a semi-private dinner at one of the resort’s award-winning restaurants; $50 USD spa credit per adult per night; certified wedding coordinator; personalized welcome VIP amenity; and personalized group check-in with a signature welcome beverage and three-minute back massage.

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Mexico’s Velas Resorts Unveils New Wedding Deals for 2016 & 2017

weddings-by-velas-resorts-mexico-home5-top

Couples tying the knot at Mexico’s four “Beyond All-Inclusive, Beyond All Compare” Velas Resorts in 2016 and 2017 will enjoy a variety of new wedding promotions to ring in the new year.

Continue reading

Helzberg Diamonds Presents New Collection, TRULY Zac Posen

Helzberg Diamonds presents TRULY™ Zac Posen, a new collection of wedding jewelry from designer Zac Posen. Known for taking what is classic and elegant and giving it a contemporary flair, the New York City-based designer (and Project Runway judge) now brings this same approach to a sophisticated collection of engagement rings and wedding bands. (See the collection on helzberg.com or by visiting Helzberg stores nationwide.)ZPHero

This fashion-forward collection redefines today’s style and offers women everywhere access to luxurious designer wedding jewelry.” said Beryl Raff, Chairman and CEO of Helzberg Diamonds.

The artisanal collection of designs features classic, art deco and modern looks, each set with a signature yellow gold finger rest inside the shank of the engagement ring. Each ring coordinates with a matching band to complete the look. This collection is designed for the bride who desires the perfect mix of modern American glamour and timeless, romantic femininity.

I’m excited to be introducing my Truly Zac Posen Collection for Helzberg Diamonds. Truly is my love note to a bride on her most beautiful day. Here’s to love!” said Posen.


Helzberg Diamonds®, a retail and online jewelry store focused on customer service, was founded in 1915 and has more than 230 stores nationwide, featuring a wide selection of fine jewelry, including diamond engagement and wedding rings, precious gems and watches. Helzberg Diamonds is based in North Kansas City, Mo., and is a subsidiary of Berkshire Hathaway Inc. For the locations nearest you, call 1-800-HELZBERG (800-435-9237) or visit Helzberg.com.