LVMH Moet Hennessy Louis Vuitton SA plans to distribute its stake in French luxury-goods company Hermès International SCA to its shareholders, ending a four-year battle over LVMH’s stake-building in the Birkin bag maker.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Hermès International SCA, the French maker of $10,000 Birkin bags, reported a 6.3 percent increase in first-half earnings as sales in Asia rose.
BoF compiles the most important professional moves of the week.
After four years, Christophe Lemaire is leaving his post as the artistic director of womenswear at Hermès to focus on his own label full time.
Hermès International SCA reported second-quarter sales that trailed estimates due to the weakness of the yen and after a Japanese sales tax increase weighed on growth.
PARIS, France — Hermès International SCA, the French maker of Birkin bags and silk scarves, reported first- quarter sales that beat estimates, led by demand in Japan.
How does a company that proudly eschews the usual means of generating desirability remain the most desirable luxury brand in the world?
KARIBA, Zimbabwe — Crocodiles are some of the most feared predators in Africa, ruthless reptiles renowned for tearing their prey to pieces before swallowing hunks of meat raw.
The Savigny Luxury Index fell 2.2 percent this month, as the standoff between the West and Russia over its annexation of Crimea sparked fears of a drop in luxury goods sales to valuable Russian tourists.
PARIS, France — Hermès International SCA, the French maker of Birkin bags and silk ties, reported a 8.9 percent increase in 2013 earnings as it sold more high-margin clothing and accessories.
The Savigny Luxury Index (“SLI”) leapt by 6.7 percent this month, overperforming the MSCI World Index (“MSCI”) by almost six percentage points, as luxury sector investors seem to have received the reassuring they needed from a number of positive signals, reports Pierre Mallevays of Savigny Partners.