French fashion firm Christian Dior`s Q1 FY21 sales grow 32% to €14 bn

Fashion

French fashion firm Christian Dior`s Q1 FY21 sales grow 32% to €14 bn

26 Apr `21

2 min read

The Christian Dior group, a France-based luxury goods company, has recorded 32 per cent revenue growth to €13.9 billion in its first quarter (Q1) FY21, compared to the revenue of €10.6 billion in the same quarter previous fiscal. Fashion and leather goods segment’s revenue for Q1 FY21 rose 45 per cent to €6.7 billion (Q1 FY20: €4.6 billion).

 

The Christian Dior group, a France-based luxury goods company, has recorded 32 per cent revenue growth to €13.9 billion in its first quarter (Q1) FY21, compared to the revenue of €10.6 billion in the same quarter previous fiscal. Fashion and leather goods segment`s revenue for Q1 FY21 rose 45 per cent to €6.7 billion (Q1 FY20: €4.6 billion).#

“The quarter marks a return to growth after several quarters of decline during 2020, a year that was severely disrupted by the global pandemic,” the group stated in a press release. “All activities contributed to the good performance of the group, with the exception of selective retailing, which was still impacted by the restrictions on international travel.”

 

The Christian Dior group, a France-based luxury goods company, has recorded 32 per cent revenue growth to €13.9 billion in its first quarter (Q1) FY21, compared to the revenue of €10.6 billion in the same quarter previous fiscal. Fashion and leather goods segment`s revenue for Q1 FY21 rose 45 per cent to €6.7 billion (Q1 FY20: €4.6 billion).#

Revenue of wines and spirits were up 29 per cent to €1.5 billion (€1.2 billion), while perfumes and cosmetics increased 12 per cent to €1.5 billion (€1.4 billion). However, selective retailing revenue dropped 11 per cent €2.3 billion (€2.6 billion).

 

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