Hermès Q1 sales get lift from bags, currencies (Reuters)
“Hermès proved again it was resisting the crisis better than many of its rivals with a 3.2 percent rise in first-quarter sales, helped by exchange rates and resilient demand for its handbags.” Have a look at this video from the CBC’s Fashion File to see the underlying craftsmanship that has served the brand well during the downturn.
Financial Analysts Predict 2010 Recovery (WWD)
“Financial analysts and private bankers expect the global economy, with the help of a more dynamic Asian region, to bounce back sometime in 2010.”
Most Powerful Luxury Brands (The Age)
According to the annual Millward Brown BrandZ ranking of the Top 100 Most Powerful Brands, global luxury brands are retaining their brand value. “In the luxury category, Louis Vuitton came out on top, with a brand value of $US19.4 billion, followed by Hermès at $7.86 billion, Gucci at $7.47 billion, Chanel at $6.22 billion and Rolex at $5.53 billion.”
The Blue Book of Fashion (New York Times)
“In the resale business, which is enjoying a bit of a renaissance at the moment, the pecking order of designers is different from those of most department stores.”