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The global fashion business journal

Jan 24, 20208:57pm

Loewe sets one-billion-euro goal for 2024

The company’s chief executive officer, Pascale Lepoivre, wants to boost the company’s growth to overcome one-billion-euro barrier in four years.

Dec 12, 2019 — 5:06pm
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Loewe sets one-billion-euro goal for 2024

 

 

Loewe takes advantage of its momentum. The luxury company, owned by LVMH , wants to overcome the one billion euros barrier over the next four years, according to the company’s chief executive officer, Pascale Lepoivre, in an interview with WWD.

 

The executive stated it should be “not too complicated to achieve, it’s an ambition but it is not an obsession, its more important to focus on a smart growth and respect for the brand’s identity are than excessive focus on a number.”

 

 

 

 

This week, Loewe has opened its first New York flagship, at 67th Green Street in Soho. Within the United States, the company already has a store in Miami and has concessions in department store groups like Nordstrom, Neiman Marcus and Saks Fifth Avenue. Worldwide the company has about 150 points of sale

 

In the first half of 2019, LVMH luxury holding, owner also of brands like Louis Vuitton or Dior, amongst others, increased its profit by 8.7%, to 3.2 billion euros. Group sales grew 15.3%, to 38.2 million euros.

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