Christian Dior: 21% decline in sales over nine months
(CercleFinance.com) - Christian Dior, the parent company of LVMH, posts sales of 30.
3 billion euros for the first nine months of 2020, a decline of 21% in published figures and at constant exchange rates and scope, compared to the same period in 2019.
With sales down 7% on an organic basis, the luxury group saw, in the third quarter, a marked improvement in trends compared to the first half of the year, especially a return to growth in Cognac and Fashion & Leather Goods.
“The encouraging signs of recovery observed in June for several of the Group's activities were confirmed in the third quarter in all regions, notably in the United States, and in Asia, which once again grew over the period”, the group says.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
3 billion euros for the first nine months of 2020, a decline of 21% in published figures and at constant exchange rates and scope, compared to the same period in 2019.
With sales down 7% on an organic basis, the luxury group saw, in the third quarter, a marked improvement in trends compared to the first half of the year, especially a return to growth in Cognac and Fashion & Leather Goods.
“The encouraging signs of recovery observed in June for several of the Group's activities were confirmed in the third quarter in all regions, notably in the United States, and in Asia, which once again grew over the period”, the group says.
Copyright (c) 2020 CercleFinance.com. All rights reserved.