LVMH may not have revealed specifics, but the luxury powerhouse has published its new earnings report for the first quarter of 2015 and noted that Louis Vuitton under Nicolas Ghesquière has recorded an "excellent start to the year" and "displayed strong creative momentum with growth in its legendary lines and the unveiling of many new products." No other label in the category received such a strong acclaim in the new report.

The luxury conglomerate also highlighted that Givenchy, Fendi, Céline, Kenzo and Berluti each had an "excellent" quarter. Notably Marc Jacobs was absent from the report, as the brand is currently going through some strategic changes as it pursues an IPO. There was also no mention of iconic French fashion house Dior's ready-to-wear or leather goods, but it was noted that its fragrances and cosmetics are performing above expectation.

As a whole, LVMH have posted a revenue increase of 16% to €8.3 billion for quarter 1 of 2015. The currency issues in Europe have benefitted the company greatly, since it produces most of its pieces in Europe, and experts them internationally – so the drop in the euro has benefitted the business overall.

Without the beneficial change in exchange rates, organic revenue for LVMH has grown by just 3% in the quarter. Which is slower than the 5% recorded for Q4 and the 4% gain the French group posted for Q3 of 2014. Fashion and leather goods have grown by 13% overall, but if you remove the exchange rate swings, it only rose by 1%.

The watches and jewellery businesses saw the most organic growth at 7% – which is down to Bulgari. Sephora was another triumph with a "remarkable" performance for the LVMH group, reporting a continued market share gain across all regions.