SELECTIVE RETAILING
REMARKABLE PERFORMANCE BY SEPHORA;
DFS STILL HELD BACK BY PREVAILING
INTERNATIONAL CONDITIONS
Sephora
Revenue €8,632m +8% vs H1 2023(1)
Profit from recurring operations €785m +7% vs H1 2023
Operating margin 9.1%
(1) With comparable structure and constant exchange rates.
Sephora
In Selective Retailing, organic revenue growth was 8% in the first half of 2024. Profit from recurring operations was up 7%.
Sephora achieved remarkable growth and continued to gain market share, reaffirming the brand’s strength and the powerful draw of its unique approach within the prestige beauty market, as well as its position as the world’s leading fragrance and cosmetics retailer. North America, Europe and the Middle East continued to see strong growth. DFS saw business activity remain below its 2019 pre-Covid level, with marked differences in tourist traffic between its various destinations. Le Bon Marché continued to achieve growth, driven by the department store’s differentiation strategy, with its continuously renewed selection of products and services and unique slate of events.