[ad_1] 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 […]
Read More[ad_1] By Bloomberg Published Feb 9, 2024 Just over a year after China ended its Covid-Zero policy, the expected bounceback in spending on high-end consumer goods has failed to live up to expectations. See catwalkMiu Miu – Spring-Summer2024 – Womenswear – Paris – © Launchmetrics L’Oreal shares tumbled as much as 7.7% on Friday after […]
Read More[ad_1] 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 […]
Read More[ad_1] 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 […]
Read More[ad_1] 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 […]
Read More[ad_1] 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, […]
Read More[ad_1] By AFP Published Feb 6, 2024 It’s a case of Hermes vs Hermes. The global luxury goods giant based in Paris, is suing the other, a cosy bookseller tucked away in a Turkish seaside town, over alleged trade name infringement. Reuters Umit Nar, who owns the Sahaf Hermes store in the Aegean coast city […]
Read More[ad_1] By Bloomberg Published Jan 31, 2024 What really matters anyway? That’s what Nia Holland, 24, thought after spending $2,500 on a vintage Chanel bag, draining her savings. Earning little money with campus research jobs during graduate school, she knew her money could be better spent, saved or invested. Chanel But at the same time, she said […]
Read More[ad_1] 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 […]
Read More[ad_1] 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 […]
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