Luxury Outlook | Hermès continues to defy gravity

Savigny Luxury Index Since Jan 1, 2007, Courtesy of Savigny Partners

LONDON, United Kingdom — It’s all been a bit doom and gloom around here for months now, and I’m afraid the latest Savigny Luxury Index (SLI) does not deviate from this theme. Valuation multiples have dropped from a peak of 13x EBITDA (operating profit) in June 2007 to 8.5x EBITDA just before Christmas, effectively wiping billions off of the market capitalisation of luxury stocks. But there is still some good news for

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Sales rise at Hermes, US same store sales plummet, Thé Vert scent, Cashing in Obama’s dress, Brands & Bollywood

Hermes Q3 Sales Rise 4 Percent (WWD) Though Hermes Q3 sales rose, the French luxury brand sees a tough road ahead US Stores reporting double-digit sales declines (IHT) Neiman Marcus reported that same-store sales were down 27.6 percent in October. Scent Notes | Eau Parfumée au Thé Vert by Bulgari (NY Times) The New York Times traces the history of Eau Parfumée au Thé Vert, Bulgari's wildy successful scent. Cashing in on The Sasha Obama Connection (WSJ) Gerson & Gerson plans to cash in on the dress Sasha Obama wore on election night. Media brands look to Bollywood movies to promote their product (Live Mint) In India, the upcoming movie "Dostana could be the beginning of a trend where brands…

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