Dior High Fashion Business Has Been Hit Hard By Terrorist Attacks.

French luxury group Christian DiorSA recently announced part of the financial data in the second half of the financial year 2015/2016, due to the French terrorist attacks on the tourism industry, the group's Dior high fashion (Christian Dior Couture) performance is poor, the second half of fiscal year operating profit of 74 million euros, down 30.2% compared to the same period.

Christian Dior SA is also a holding company of the French luxury group LVMH (Mo t Hennessy Louis Vuitton), and the cosmetic and perfume products of Dior belong to the cosmetic department under the company's LVMH, which has not been included in the performance of the company.

LVMH announced its first half of 2016 earnings report, benefiting from a steady demand in the US, and an increase in Asian markets other than Japan, with sales of 17 billion 200 million euros in the first half, an increase of 3% over the same period last year, and operating profit of 2 billion 959 million euros, unchanged from the same period last year. Sales growth of the group's largest department - time and leather goods sector in the second quarter exceeded expectations.

The detailed financial data of Dior group will be announced in October 2016.

Christian Dior SA group's CEO Sidney Toledano said strong performance in the same period last year resulted in a higher base of comparison and a certain impact on growth.

"The weakness of tourism has caused great impact on us.

Many markets have achieved growth, but they can not make up for the terrorist attacks on the number of tourists in Paris.

He said.

According to data from Global Blue (global blue Union), global tourist consumption in June dropped by 13% compared with the same period last year.

It fell by 16.8%, and the Asia Pacific region dropped 4.1% in June after a steady May.

In addition to France, due to terrorist attacks, exchange rate fluctuations, geopolitics and many other factors, the number of tourists from other European countries, Japan, Hongkong and Macao has also declined to varying degrees.

However, Christian Dior Couture has increased in the US, UK and Switzerland.

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According to the constant exchange rate, sales in the second half year of the US market increased by 12% compared with the same period last year, and domestic consumption in mainland China also rose.

Toledano said that the new flagship store of Christian Dior Couture was opened in the second quarter of the financial year of 2015/2016, including San Francisco, Cannes and London.

As a result of the decline in the pound's exchange rate, tourist consumption has increased, and the stores in Bond Street have performed well.

Toledano said the group's overall performance in the second half of the fiscal year was acceptable and optimistic about the performance of the new fiscal year, especially when the new creative director Maria Grazia Chiuri took office.

The new creative director, Maria Grazia Chiuri, will launch her first batch of products in September 30th.

Toledano said that in addition to France, other markets had improved in July.

The performance is excellent.

In addition, the high-end jewellery series "Dior Versailles" has been sold 60% in Paris last month.

In the second half of the 2016 calendar year, the group plans to open two new boutiques in Harbin and Barcelona, and is also expected to boost sales growth.

In the light of current trends, demand for every market will increase.

If tourism consumption can pick up, it will be better.

We are preparing for the establishment of Dior in 2017, 70th anniversary.

Although Chiuri has not been in office for a long time, she has brought us a lot of new energy.