PARIS, France — Hermès International SCA, the French maker of Kelly bags and silk scarves, raised its full-year sales target after strong growth in fashion, accessories and perfumes.
MILAN, Italy — Hermes accessories worth 400,000 euros ($550,900) were stolen in Milan, forcing the French luxury goods group to cancel a presentation on Wednesday even after the items were recovered by police, a company spokeswoman said.
In the next instalment of Market GPS, BoF examines Kazakhstan, the undisputed goliath of Central Asia.
LONDON, United Kingdom — Despite a string of positive results announcements, the Savigny Luxury Index (“SLI”) lost 0.9 percent in August, nevertheless outperforming the MSCI World Index (“MSCI”) by close to one percentage point, as markets shuddered at the prospect of foreign intervention in the Syrian conflict.
PARIS, France — Hermès International SCA, the French maker of Birkin bags, reported first-half earnings that beat estimates and reiterated its guidance for 2013.