LVMH Mo?t Hennessy Louis Vuitton today reported revenues of E.3.8bn ($5.1bn) in the first quarter of 2007, with all divisions recording growth and DFS' business growing with its Chinese customers, but Japanese tourist spending hit

by the weak yen.

In overall terms LVMH said that all business groups recorded double-digit organic revenue growth in the period, with the US, Asia and Europe performing particularly well due to continued high demand from both local clients and tourists.

Wines & Spirits saw organic revenue growth of 15% and reported growth of 9% to E.689m ($935.4m) in the first quarter of 2007. The Champagne division, where volumes increased by 8%, had a good start to the year, particularly Mo?t & Chandon in Europe and Veuve Clicquot in Japan. The ros? Champagnes have made remarkable progress, most notably in the US.

Hennessy Cognac confirmed its strong momentum with volumes up by 18%, with the higher quality ranges recording the strongest growth. Its fast development in China and Russia continues.

Fashion & Leather Goods recorded 10% organic revenue growth and 4% reported growth to E1.3bn ($1.7bn) in the first quarter of 2007.

LVMH said: ‘Louis Vuitton achieved an exceptional performance with double-digit organic growth in all regions except Japan. The beginning of the year has seen numerous innovations in leather. The new Damier Azur line has also been exceptionally popular. Fendi continued its growth in the first quarter, helped by the success of a new leather line and the sustained progress of its shoe and ready-to-wear lines. The business group?s other brands, in particular Marc Jacobs, enjoyed an excellent first quarter.’

In Perfumes & Cosmetics, organic revenue growth reached 15% in the first quarter and reported growth was 11% to E.663m ($900.1m) which LVMH pointed out was a much better than the performance of the industry overall.

‘The continued success of J?adore and Miss Dior Ch?rie and the promising launch of the new male fragrance, Fahrenheit 32, have enhanced Parfums Christian Dior?s strong growth. The brand also benefited from the continued progress of the Rouge Dior lipstick and Capture skincare.

‘Guerlain was lifted by the success of Insolence and the strong performance of its Terracotta make-up line. Parfums Givenchy revenue increased, notably thanks to the success of Ange ou D?mon. The relaunch of Eaux par Kenzo and the roll-out of KenzoAmour were the principal drivers of Parfums Kenzo?s growth.’

Meanwhile the the Watches & Jewelry business group recorded organic revenue growth of 27% and reported growth of 20% to E.189m ($256.6m). LVMH said that TAG Heuer performed ‘exceptionally well’ in all regions. It added: ‘Zenith and Montres Dior also saw strong growth notably thanks to their respective lines Defy and Christal. Chaumet benefited from the success of its jewellery collection Attrape-moi and its Dandy watches.

‘The new products launched by our brands at the international Basel Watch Fair have been very well-received: TAG Heuer?s new watch movement Calibre S – as well as an upgrading of its iconic lines, Zenith?s strengthening of its Defy line, and Montres Dior?s Christal jewellery supported by Sharon Stone as the face of its new advertising campaign.’

Last, but certainly not least, the Selective Retailing division repoprted organic growth of 11% for the first quarter and actual growth of 5% to E.941m ($1.2bn). LVMH said: ‘DFS continued to benefit from the rapid development of Chinese tourism, although Japanese tourist spending was limited by the weakness of the yen. Sephora maintained strong growth in all of its markets. The brand continued to win market share in France and the US thanks to its culture of product and service innovations. New stores were opened in the Middle East and in Central Europe.’