Prague’s Pařížská Street shops are thriving, Louis Vuitton generated sales in excess of CZK 0.5bn in 2011
14. listopadu 2012, 12:05
Louis Vuitton Česká (LV Czech) has been operating its one and only shop in Pařížská Street (Prague), but it has certainly been worth its while. Last year’s sales weighed in at an impressive CZK 489m. Its turnover was CZK 501m, for a net profit of CZK 137m. Other Pařížská Street shops have been prospering, too, as the street is the most prestigious shopping location in the whole region. Their year-to-year growth is well into double percentage figures. Their business has been driven mainly by Chinese, Japanese, Russian, and local clientele.
Louis Vuitton Česká’s parent company is Louis Vuitton Malletier, an affiliate of LVMH Moët Hennessy Louis Vuitton. Over the last five years, its single Prague shop has contributed nearly CZK 450m to the Group’s profit through dividends.
In Prague, Louis Vuitton sells handbags, travel and other bags, shoes, spectacles, scarves, watches, belts, and other fashion accessories.
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Louis Vuitton Česká
Year Turnover Net Profit
1997 CZK 0m CZK -2m
1998 CZK 12m CZK -14m
1999 CZK 44m CZK 2m
2000 CZK 82m CZK 13m
2001 CZK 109m CZK 12m
2002 CZK 109m CZK 21m
2003 CZK 123m CZK 18m
2004 CZK 159m CZK 21m
2005 CZK 188m CZK 29m
2006 CZK 242m CZK 34m
2007 CZK 274m CZK 56m
2008 CZK 297m CZK 56m
2009 CZK 345m CZK 87m
2010 CZK 425m CZK 111m
2011 CZK 489m CZK 137m
2012 forecast CZK 540m
Translated by Lingvus