Ultra-luxury specialist Hermès was upbeat on Friday as it released what it said were “outstanding sales and results” for 2023 as a whole and for the fourth quarter. See catwalkHermès – Fall-Winter2023 – 2024 – Womenswear – Paris – © ImaxTree The company reported revenue up 16% to €13.4 billion for the year and up … Read more
By AFP Published Feb 9, 2024 French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year. See catwalkHermes – Fall-Winter2024 – 2025 – Menswear – France – Paris – ©Launchmetrics/spotlight The group reported a … Read more
By Bloomberg Published Feb 9, 2024 Investors are looking for the next turnaround story in luxury. Gucci-owner Kering SA seems like a good fit. See catwalkGucci – Fall-Winter2024 – 2025 – Menswear – Italie – Milan – ©Launchmetrics/spotlight But with the company warning on Thursday that investing in its brands will mean a decline in operating … Read more
By Bloomberg Published Feb 8, 2024 After years on the sidelines, Morgan Stanley is finally joining the bulls pushing Hermes International shares to record highs. See catwalkHermes – Fall-Winter2024 – 2025 – Menswear – France – Paris – ©Launchmetrics/spotlight The broker upgraded the maker of Birkin and Kelly handbags to overweight on Wednesday, its first … Read more
By Reuters API Published Feb 7, 2024 Investors will be looking to see if Gucci’s new creative director Sabato de Sarno can move the needle on the company’s financial performance when its owner Kering reports full-year earnings on Thursday. Gucci’s sales have lagged rivals such as LVMH-owned Louis Vuitton and Dior in recent years, prompting … Read more
By Bloomberg Published Feb 2, 2024 French luxury giant Hermes International SCA is expanding its store in one of Hong Kong’s most high-end shopping malls, adding to signs premium brands are renewing their focus on the city as an economic slowdown weighs on the outlook for China. Hermès-AW 2024/25 – Menswear – Hèrmes The three-floor … Read more
Translated by Nicola Mira Published Jan 31, 2024 Véronique Gautier, global president of Armani Beauty since 2010, has announced she is stepping down from the role and leaving the L’Oréal Group, which has held the Italian label’s beauty products’ licence since 1988. The Acqua di Gio Absolu perfume – DR “Time has come to say … Read more
Translated by Cassidy STEPHENS Published Jan 30, 2024 The Chambre Syndicale de la Mode Féminine is unveiling the line-up of its next Fashion Week. The Fashion Week, dedicated to women’s ready-to-wear collections for autumn/winter 2024/25, will be held from February 26 to March 5, with 71 shows and 38 presentations and a total of 109 … Read more
Translated by Nicola Mira Published Jan 29, 2024 Last Thursday, a few seconds after 6 pm CET, as soon as trading at the Paris Stock Exchange closed for the day, luxury tycoon Bernard Arnault took to the conference room stage at the LVMH group’s headquarters in Paris, at 50 Avenue Montaigne. FNW/DM Arnault, who took … Read more
Translated by Roberta HERRERA Published Jan 27, 2024 During the announcement of LVMH’s annual results on Thursday, January 25, the French conglomerate’s chairman, Bernard Arnault, once again highlighted “the outstanding performance of the ‘Fashion & Leather Goods’ division,” which achieved a total revenue of €42.16 billion in 2023, marking a 9% increase compared to the … Read more
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