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Dior sales to hit 5 bn euro this year

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, CEO of said on Thursday that the total sales figure of Christian Dior (parent company of ) might reach 5 billion euros ($5.63 billion) this year.

Dior sales to hit 5 bn euro this year; says LVMH CEO
The CEO of LVMH said that the sales figures of Christian Dior might reach 5 billion euros this year

has reported a profit of 20 per cent compared to last year.

“The sales of Dior are starting to become quite significant… they could be more than 5 billion euros in 2016,” Arnault released a statement with his shareholders at annual general meeting in Paris, further quoted by Reuters as saying.

, the fashion segment of the brand also released a statement on Tuesday, where it declared a 1 per cent drop in sales in three months, which accounts for 429 million euros till March 31.

The drop was due to the decrease in tourist visits in Paris and the Asian markets.