Christian Dior's 海角视频 division has exhibited "great strength" amidst "ongoing economic and political volatility," as it reported a decrease in profit during 2023.
The luxury brand revealed a revenue of £332.4m for the year, down from £334.8m, with its pre-tax profit declining from £60m to £46.6m, according to recently filed accounts at Companies House.
Over the year, the average number of staff at Christian Dior in the 海角视频 increased from 434 to 512, as reported by .
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A board-approved statement stated: "The company's performance shows good results for 2023, bearing in mind that 2022 was an exceptional year following the return of tourism post Covid-19 and the takeover of Harrods in November-December 2022."
"In the final quarter of the year 2023, the 海角视频 economy slipped into a technical recession which has impacted most sectors, hence why luxury brands had lower results than forecasted."
Despite this, the company asserted: "The level of business and the year-end position remain satisfactory for the company and the directors are confident of being able to develop the business further in the future."
In the year, the 海角视频 division of Christian Dior paid a dividend of £40m.
Christian Dior commented: "2023 was a year of continued economic and political volatility."
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The company added: "The economic environment is suffering from on-going inflation and interest rates impacting consumer spending.
"Despite this challenging macro-economic environment, Christian Dior continues showing great strength."
The broader group, based in Paris, falls under the leadership and chairmanship of French tycoon Bernard Arnault, who is also at the helm of LVMH.
For 2023, the group disclosed revenues of €86.1bn (£72.3bn), a rise from €79.1bn (£66.4bn) the previous year.
Net profits were also up, reaching €15.9bn (£13.3bn), compared to €14.7bn (£12.3bn) in 2022.
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