MakeUp Trends

The Perfumes & Cosmetics segment of LVMH delivered an 11% increase in revenue in Q1 2023

Maison Christian Dior Blotter Photo Of Joy Style Trends Media

LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, released an announcement about the earnings of the first quarter of 2023 and the Perfumes and Cosmetics business segment of the group had a $210 millions revenue increase in the first 3 months of 2023 compared to the same period of 2022.

The Perfumes & Cosmetics business group continued its strategy focused on highly selective distribution, delivering an 11% increase in revenue in the first quarter of 2023 (+10% organically). Christian Dior achieved a remarkable performance and continued to strengthen its lead. Its iconic Sauvage, Miss Dior and J’Adore fragrances were significant channels of growth. Make-up and skincare also contributed to the performance of the Maison. Guerlain benefited from the success of its Aqua Allegoria line. A new liquid foundation enriched the iconic Terracotta collection. Parfums Givenchy unveiled its new fragrance Gentleman Society. Benefit successfully expanded its The Porefessional skincare range, while Fenty Beauty benefited from the strong visibility given to the brand by Rihanna during the American Super Bowl.

Sephora saw exceptional performance over the quarter and continued to gain market share.


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