Market sentiment has turned back in favour of the luxury sector, driven by solid second quarter results, reports Pierre Mallevays of Savigny Partners.
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods maker, said it increased its stake in Hermès International SCA to 23.1 percent from 22.6 percent in what it described as “an opportunistic move.”
PARIS, France — Luxury scarves, bags and watches maker Hermès raised its full-year targets after beating quarterly forecasts on Thursday, with demand strong in most sectors even in the face of a slowing Chinese economy.
PARIS, France — Hermès International SCA, the French maker of Kelly bags, said sales growth this year may top 10 percent after reporting revenue that surpassed analysts’ estimates in the second quarter.
PARIS, France — France's market regulator is fining luxury conglomerate LVMH Moet Hennessy Louis Vuitton 8 million euros ($10.4 million) for not disclosing its intention to build up a significant stake in handbag and scarf maker Hermès.
PARIS, France — Concluding Paris Men's Fashion Week, our trusty contributing photographer Sonny Vandevelde brings us backstage imagery from the Dior Homme, Miharayasuhiro, Damir Doma, Hermès, AMI Alexandre Mattiussi and Lanvin shows.
PARIS, France — Menswear season in Paris brought the lofty catwalks back to the people, with a series of shows that twinned the glamor and energy of high fashion with genuine wearability.
Amidst a fast-growing global menswear market, luxury brands from Dolce & Gabbana to Jimmy Choo are launching men’s only flagships with a host of leisure-inflected experiential elements.
Luxury brands should take a page from technology companies like Apple and adopt ‘ecosystem models’ to develop new markets, channels and products, advises a recent report by The Boston Consulting Group. BoF investigates.