Dior Continues Post-Galliano Financial Growth With Profits Doubling

We're beginning to see why Dior is in no rush to appoint a new creative director. The company continues to see sales increase (a lot) in the wake of John Galliano's firing.
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Dhani Mau
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We're beginning to see why Dior is in no rush to appoint a new creative director. The company continues to see sales increase (a lot) in the wake of John Galliano's firing.
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We're beginning to see why Dior is in no rush to appoint a new creative director. The company continues to see sales increase (a lot) in the wake of John Galliano's firing.

Bernard Arnault adressed Christian Dior S.A. shareholders and only had good news to report about the fashion house. WWD describes the Dior meeting as "a brisk affair" in which Arnault revealed that in the latest quarter, profits had more than doubled to $118.4 million and in-store sales increased by 28%.

The company's financial growth has been steady since Galliano's anti-semitic tirade and subsequent firing. The company gained market share and increased sales in the first half of 2011 and reported an even bigger revenue increase after the third quarter. With the Galliano incident (and whatever bad press came along with it) over a year behind us and Bill Gaytten's first ready-to-wear collection in stores, things are looking good for Dior.

It doesn't sound like Arnault adressed the company's lack of an appointed creative director and given those numbers, Dior's shareholders probably don't really care.