Cassy Bhairo
Faustine Lara
Nhi Py
Lola Mansil
Hannnah P
Models display fashion creations from Ireland during a fashion show in the World Expo Park in east China's Shanghai Municipality, Oct. 17, 2010.
Models show garments with traditional Chinese elements during a competition held in Dongguan, south China's Guangdong Province, on Oct. 14, 2010. The competition "I Love New Concept Chinese Garments" attracted designers from 32 colleges around the nation.
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury group, achieved revenue of €14.2 billion in the first nine months of 2010, an increase of 19% compared to the same period in 2009.
With organic revenue growth of 14%, the third quarter confirmed the trends observed since the start of the year. Momentum continued to be very strong in Asia, Europe and America. Louis Vuitton once again achieved double-digit organic revenue growth.
The Fashion & Leather Goods business group achieved a 20% revenue increase during the first nine months of the year. With double-digit organic revenue growth in the period, Louis Vuitton confirmed its exceptional, global brand appeal. The leather goods lines Monogram and Damier achieved strong growth. A new line will be launched in the fourth quarter. Since the beginning of the year, strong momentum has returned to Fendi and Donna Karan. The other fashion brands achieved good growth during the third quarter.
In Perfumes & Cosmetics, revenue grew 14% in the first nine months of 2010. Christian Dior benefited from the worldwide success of its perfumes. The successful roll-out of its lipstick also contributed to the remarkable performance of the brand. The launches of Abeille Royale, Guerlain’s new skincare range, and of the feminine version of Givenchy’s Play, are some of the numerous initiatives that took place in the third quarter. Benefit continued to expand its distribution network into Asia and Europe.
The Watches & Jewelry business group recorded revenue growth of 29% in the first nine months of 2010. TAG Heuer continued its successful worldwide expansion and benefited from the new models launched for its 150th anniversary celebration. Hublot gained market share due to the excellent performance of its Big Bang and King Power lines. Zenith’s new collections were very favourably received. The jewelry brands Chaumet, Fred and De Beers also enjoyed strong growth.
The Selective Retailing business group achieved revenue growth of 17% in the first nine months of 2010. DFS further benefited from the significant increase in Asian travellers. Sephora recorded comparable store revenue growth in all its regions. The progress in online sales continued. The rhythm of expansion of its store network continued.
Outlook
The excellent performance of LVMH in the first nine months of the year has confirmed its confidence for 2010. The Group will continue its proactive strategy focused on innovation and targeted geographical expansion in the most promising markets. LVMH will rely on the power of its brands and the talent of its teams to strengthen once again its global leadership position in luxury products.
LVMH Moët Hennessy Louis Vuitton is the world's leading luxury goods group. The Group is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Château d'Yquem, Hennessy, Glenmorangie, Ardbeg, Belvedere Vodka, Chopin, 10 Cane, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Green Point, Cape Mentelle, Newton.
The MOVMODA 2011 Performance Lingerie collection will be featured at The Luxury Review at The SLS Hotel. The latest in jewelry, fashion, home and design, travel and electronics will be in attendance, including Rolls-Royce, Avantair, Mercedes-Benz, Aston Martin, Alberto Parada Jewelry, Blancpain Timepieces and more.
The MOVMODA 2011 Performance Lingerie collection evokes mind, body and spirit euphoria for all of the senses. This eco-friendly collection is comprised of 10 products: a Bandeau Bra, Bandeau Cami, Bralette, Shirred Cami, Booty Panty, Booty Short, Thong Short, Spin Short, Thong and Unisuit. Available in: white/silver, black/black, red/black, turquoise/black, silver/black, ink/black and nude/black. “We wanted to create a product that evokes sensuality and blends key ingredients: a dash of sex appeal, a flirty touch and a lot of comfort,” says MovModa President, Kerry Mann.
The MOVMODA collection is crafted from luxurious Italian Sensitive fabrics. Blending the unique qualities of inventiveness and Italian style, the combination of nylon microfiber and Lycra elastomer forms a fabric ideal for an active and athletic lifestyle. With the MOVMODA collection, women will experience superior quality and comfort found in the finest high-end lingerie with the performance and support featured in sports apparel. Each product has built-in moisture management, breathability, UV protection and easy care. Plus, the entire collection is eco-friendly!
According to Mann, “My love for Italy and my desire for a product that combines comfort and beauty inspired the development of this collection. There’s nothing like performance lingerie.” MOVMODA Performance Lingerie – designed for women to feel fabulous with whatever they are doing. Designed to be worn as inner or outer wear for sport or everyday life.
MovModa derives its meaning from the Italian words for fashion and movement. Kerry Mann, Founder of MovModa, a division of the KN Group LLC, combines her passion and love of Italy with the fashion and functionality of performance lingerie. This U.S. based company prides itself on its infrastructure of supporting the entrepreneurial spirit by contracting exclusively with independent business owners to support them in following their passion and melding it with the MovModa mission. The end result is a company built upon a solid foundation of passion, dedication and quality
Models present creations by young graduate designers of Greek Fashion Schools during the 12th Athens Fashion Week for Spring/Summer 2011 in Athens on Oct. 17, 2010.
Models present creations by Greek designer Samantha Sotos during a Greek Fashion week show, in Athens, on Saturday, Oct . 16, 2010.
Models present creations by designer Delight during fashion week in Athens October 16, 2010. A model presents a creation by designer Delight during fashion week in Athens October 16, 2010.
Models present creations by designer MED during fashion week in Athens October 16, 2010.
According to EU Statistics Bureau, EU's import value of apparel decreases by 4.4% in first half. The import volume of apparel from Asian countries especially from China drops drastically with the rate of 6.1%. Apparels from EU's third largest supplier of apparel, Bengal also reduces by 5.4%. According to the French Textile Report, China's export volume of apparel to EU only increased by 1% since 2009.
The report also analyzes reasons behind this fall. First one is the depreciation of US dollars against Euros. Second one is that the rise of salary in China, Bengal and Southeast Asia countries. Moreover, China seems to pay more attention to its domestic market. At the same time, Chinese businessmen don’t take foreign counterparts as their priority.
