THE WHAT? LVMH has reported its results for the third quarter of fiscal 2023 and first nine months of the year. The French luxury conglomerate recorded organic revenue growth of 14 percent for the first nine months of 2023 versus the same period in 2022. In the third quarter, revenue grew 9 percent.
THE DETAILS All business units experienced growth in the first nine months of the year except for Wines & Spirits, where revenue dropped 7 percent. Perfumes & Cosmetics put on 12 percent and Selective Retailing grew and impressive 26 percent.
The group singled out Christian Dior’s performance as ‘remarkable’ with major growth from key scent pillars Miss Dior and J’adore. Sephora, too was lauded for its ‘exceptional’ execution, continuing to gain market share.
THE WHY? LVMH said that it is confident in the continuation of its growth and will maintain a strategy focused on continuously enhancing the desirability of its brands, drawing on the authenticity and quality of its products, excellence in distribution and agile organization.
Buy aesthetic products refers to the act of purchasing items that are specifically designed for enhancing or maintaining beauty, often related to skincare, cosmetics, or procedures in the field of aesthetics. These products can include a wide range of items intended to improve the appearance and health of the skin, hair, and body. Here are some examples of aesthetic products that individuals might purchase:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments targeting specific skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows designed to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Dermatological Treatments: Prescription or over-the-counter treatments for medical conditions like acne, eczema, psoriasis, or rosacea.
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Aesthetic Devices: Equipment used for professional treatments including laser devices, microneedling pens, radiofrequency devices, and IPL (Intense Pulsed Light) machines.
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Injectable Aesthetics: Products such as dermal fillers and botulinum toxin (Botox) used to enhance facial contours, reduce wrinkles, and achieve smoother skin.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
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Home Use Beauty Devices: Devices like facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
