Revenue €42,169m +14% vs 2022(1)
Profit from recurring operations €16,836m +7% vs 2022
Operating margin 39.9%
(1) With comparable structure and constant exchange rates.
The Fashion & Leather Goods business group achieved organic revenue growth of 14% in 2023. Profit from recurring operations was up 7%.
Louis Vuitton had an excellent year, once again buoyed by the creativity and quality of its products, and by its strong ties to art and culture. Many new designs were unveiled, including the GO-14 leather goods line and the new Tambour watch, a fusion of Swiss watchmaking expertise and Louis Vuitton’s Parisian elegance. Nicolas Ghesquière, who celebrated his 10th anniversary designing the Maison’s Women’s collections and renewed his contract for a further five years, continued to captivate audiences with his boundless creativity. Set on the stage of the Pont-Neuf bridge in Paris in July, the first fashion show of the new Creative Director of Menswear Pharrell Williams sparked enthusiasm worldwide. Christian Dior continued to deliver remarkable growth in all its product lines. Giving center stage to excellent craftsmanship, fashion shows curated by Maria Grazia Chiuri and Kim Jones reinvented the magic of the Dior name, season after season. Victoire de Castellane’s creative verve was once again on full display in her new high jewelry collection, Les Jardins de la Couture. The year ended on a high note, with a spectacular Dior display at Saks Fifth Avenue in New York, whose facade was bedecked with a captivating “Carousel of Dreams” and 24 enchanting window displays. Celine continued to enhance its desirability, driven by the success of Hedi Slimane’s designs and fashion shows. Loewe’s robust growth continued to be driven by J.W. Anderson’s bold, creative leadership and by the success of the latest new leather goods designs. Loro Piana confirmed its superb momentum and its leadership position in ultra-premium, sophisticated luxury. Fendi expanded its retail network. Rimowa, Marc Jacobs and Berluti all turned in an excellent performance.