The designer ready-to-wear category faces serious structural problems. Luca Solca, head of luxury goods at Exane BNP Paribas, does the analysis.
See the final eight designers shortlisted for the second annual LVMH Prize, the winner of which will receive €300,000 and a year-long mentorship.
Facing sanctions, plunging oil prices and a falling rouble, the Russian economy is in crisis. How can luxury goods companies offset the impact? Luca Solca, head of luxury goods at Exane BNP Paribas, reports.
Russia’s lurch into recession has hit many tourism and luxury goods companies hard, forcing them to cut prices — and in turn costs — in an attempt to limit the damage.
The Savigny Luxury Index (“SLI”) continued to rise and gained almost seven percent over the month.
The new head of TAG Heuer, luxury group LVMH’s biggest watch brand, has replaced half a dozen top managers as part of a drive to revive sales.
Which of the two french giants that dominate luxury fashion is best positioned for growth? Luca Solca, head of luxury goods at Exane BNP Paribas, does the analysis.
See the full list of twenty-six designers shortlisted for the second annual LVMH Prize, the winner of which will receive €300,000 and a year-long mentorship.
Hermès International SCA said profitability likely narrowed in 2014 amid currency fluctuations and that revenue growth may slow in the year ahead.
French luxury goods group LVMH blamed lower sales of high-end cognac to China for a 5-percent slide in core earnings last year, but its bottom line was rescued by the sale of a stake in handbag maker Hermès.
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, reported full-year earnings that missed analysts’ estimates as Chinese shoppers curbed spending on Vuitton handbags and Hennessy cognac.