Women’s Wear Daily
04.23.2014
financial
financial

Dior Profits Jump

Citing strong sales of ready-to-wear, fine jewelry and iconic handbags, Christian Dior said fourth-quarter sales gained 9 percent at constant exchange,...

financial/news
Most Recent Articles In Financial
Most Recent Articles In Financial More Articles By

PARIS – Citing strong sales of ready-to-wear, fine jewelry and iconic handbags, Christian Dior said fourth-quarter sales gained 9 percent at constant exchange, to 216.4 million euros, or $313.5 million, while operating profits jumped 32 percent to 74 million euros, or $101.4 million at average exchange.

“The year was excellent, in spite of the exchange rates,” said Sidney Toledano, Dior’s president and chief executive officer. “We are confident.”

For the full year, revenues rose 8 percent to 787 million euros, or $1.08 billion. At constant exchange, the increase stood at 12 percent.

Toledano credited Dior’s 60th anniversary celebrations – marked by a blockbuster couture event at Versailles last July, and a September birthday party feting the revamped Paris flagship – and an ongoing upscaling effort for boosting the brand’s fortunes.

“We’re focusing on more expensive products, meaning higher prices in all product categories,” Toledano said. He also cited a return to Dior’s roots, reflected in “sophisticated” and “elegant” designs by couturier John Galliano. The fall collection posted “very strong double-digit” growth and the cruise collection has also been “a big success,” Toledano said.


For complete coverage, see Tuesday's WWD.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.

Ads by Google

Newsletters
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

Publications

ArticleFinder

Beauty


Choose By

Clear

How it works

Close

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.


Or