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Fashion Jobs
L'OREAL GROUP
Sap Sales Distribution & Business Analyst
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L'OREAL GROUP
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Permanent · Ho Chi Minh City
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Manager, Quality Assurance – Process Engineer
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Security/ Compliance Manager
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Manager, Merchandising
Permanent · Ho Chi Minh City
L'OREAL GROUP
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L'OREAL GROUP
Social Manager - Consumer Product Division
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H&M
Store Department Manager (Quản lý Ngành Hàng Tại Cửa Hàng) - đà Nẵng Based
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H&M
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H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Aeon Mall hà Đông
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H&M
Department Manager (Quản lý Ngành Hàng) - Khu Vực Ocean Park Gia Lâm
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H&M
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Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Times City
Permanent · HANOI
H&M
Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hồ Chí Minh Based
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Khu Vực Royal City - hà Nội (Bán Thời Gian và Toàn Thời Gian)
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Mega Mall Times City, hà Nội
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H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực hà Đông, hà Nội
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Gia Lâm - hà Nội
Permanent · HANOI
NIKE
Nhân Viên Vận Hành Máy ép Nhựa (Đồng Nai)
Permanent · Ho Chi Minh City
By
Reuters
Published
Apr 13, 2021
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Stellar Vuitton growth powers LVMH sales in first quarter

By
Reuters
Published
Apr 13, 2021

Surging sales at Louis Vuitton and Dior helped French luxury giant LVMH make a very strong start to 2021, with overall revenues returning to growth in the first quarter despite new coronavirus lockdowns in much of Europe.


Louis Vuitton - Fall-Winter2021 - Womenswear - Paris - © PixelFormula



LVMH said like-for-like sales, which strip out the effect of currency changes and its acquisition of U.S. jeweller Tiffany, rose by 30% in the three months to March to 14 billion euros ($16.70 billion).

That was nearly double an analyst consensus forecast for 17% growth cited by UBS. Compared to pre-pandemic levels and the first quarter of 2019, like-for-like sales were up 8%.

Revenues had dropped by 16% last year due to shop closures and the freeze in international tourism triggered by the pandemic. But luxury customers have begun buying more online, and in key markets like China, stores have been open since last spring, driving a sharp recovery.

The fashion and leather goods division, which accounts for nearly half of LVMH’s revenues, recorded a 52% increase in like-for-like sales, again way above analysts forecasts of a 27% rise.

The watches and jewellery division saw sales rise by 138% when including acquisitions and exchange rate effects, benefitting from the consolidation of Tiffany. LVMH completed the $15.8 billion acquisition in early January after a bitter legal battle.

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