Organic sales in the luxury conglomerate's key fashion and leather goods division rose 51 percent in the fourth quarter, versus the same period in 2019.
, the artistic director of men’s collections at Vuitton, who died in November at the age of 41 from a rare form of cancer.
“His immense visionary talent and his great wisdom will forever be embedded within the history of our group,” Arnault said in a statement. Abloh’s last collection for Vuitton was unveiled in Paris last week at two shows attended by members of the Arnault family and Abloh’s wife Shannon, alongside celebrities including J Balvin, Victor Cruz, Naomi Campbell, Venus Williams and Tyler the Creator.
Vuitton chairman and CEO Michael Burke told WWD the brand was in no rush to name Abloh’s successor. “It needs to be given the right amount of time. It cannot be done under pressure,” he said. LVMH’s fourth-quarter revenues totaled 20 billion euros, up 22 percent in organic terms versus 2019, topping analysts’ expectations. The strong results come after Compagnie Financière Richemont reported that revenues in the three months to Dec. 31 jumped 38 percent at constant currency rates versus the same period two years earlier. Kering is due to publish annual results on Feb. 17.
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