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HERMES SALES
Chinese spending curbs weigh on Hermes salesRevenue in the region that includes China, the luxury group's biggest market, flatlined at constant exchange rates, Hermes International sa...- LVMH's weak China sales raise fresh concerns over global luxury market recoveryLVMH's quarterly report indicated a 5% decline in fashion and leather goods sales due to weak demand. The company's overall organic sales g...
- AI agent wars: OpenAI’s Dots wades into a market warmed up by Instinct and Meta’s MuseThe launch of OpenAI's Dots comes amid the agentic frenzy launched by Meta's Muse earlier this month. Muse targets professionals and compan...
- LVMH signed a secret 2002 pact to buy Hermes heir's shares. Now he says his fortune is missingLuxury giant LVMH signed a secret 2002 agreement to buy Hermes shares from Nicolas Puech. The company also paid his wealth manager over twe...
- CEO asks ex to return Rs 3.53 crore he spent on Hermes, Prada gifts, cites Rs 1.55 crore crdit card charges, Rs 12.8 lakh feng shuiTCI Express CEO Chander Agarwal lost his Singapore lawsuit seeking S$468,090 (about Rs 3.53 crore) from former girlfriend Felicia Lee after...
- Oil prices rally, US data dents chances of Fed rate hikeGlobal shares declined Friday as markets monitored U.S.-Iran talks and Federal Reserve rate hike expectations. Oil prices rose more than a ...
- Hermes sticks with plan to raise output even as war sours moodermes has opened its 25th leather-goods workshop in picturesque Loupes, France, designed to boost the production of its beloved Kelly and C...
- Hermes beats sales expectations, sees positive signs in ChinaHermes has reported robust fourth-quarter revenue growth, exceeding expectations. Strong sales in the United States and Japan have bolstere...
- They failed to buy Birkin bags. so they suedVogue highlighted Hermes' exclusive Birkin bags; residents sued for alleged antitrust violations. The lawsuit challenges Hermes' sales tact...
- Hard to get, or anti-competitive?Hermes faces legal action in California for allegedly imposing conditions on customers to buy accessories before purchasing the Birkin bag....
- Hermes sales beat expectations, defying luxury sector gloomAnalysts have cut their estimates for the luxury sector in recent weeks following a sales report from bellwether LVMH earlier this month sh...
- European shares edge higher on boost from upbeat earnings, minersUniCredit climbed 1.8% as the Italian bank posted a bigger-than-expected annual rise of 36% in its third-quarter profit, helped by higher i...
- Hermes wins permanent ban on 'MetaBirkin' NFT sales in US lawsuitA Manhattan federal judge on Friday granted Hermes' request to permanently block artist Mason Rothschild's sales of "MetaBirkin" non-fungib...
- Luxury sector eyes reopening of ChinaThe world's largest luxury group LVMH posted a 23-percent jump in sales to a record of 79 billion euros ($86 billion) in 2022 and saw profi...
- How haute tech can change the Apple watch face & get its mojo backBut can Apple get its mojo back by taking a leaf out of the gloriously crafted page of 16th-17th century luxury books. One of the premises ...
- Return of the luxe life: Global sales of high-end brands likely to bounce back to pre-Covid levels this yearBain now sees a 30% probability that sales of high-end handbags, clothes and jewellery will return to or exceed $340 billion this year.
- Wealthy shoppers buy less, but better: Hermes becomes the most-preferred, chic choice for luxury purchasesConsumers want tried and tested styles like a Hermes Birkin bag or a Moncler puffer jacket.
- Hermes India sees a 55% jump in profit, Dior still deep in the redHermes India had recorded a net profit of Rs 12.1 crore the year before. Revenue from operations rose 11% from the previous year’s Rs 98.8 ...
- From Hermes to Chanel, luxury watchmakers advertise big ahead of festive seasonAn increasing number of premium and luxury watchmakers are jumping on the ad bandwagon to cash in on the air of festivity.
- Luxury brands like Hermes, Burberry and Louis Vuitton diversify product offeringA growing set of rich Indians is now setting the agenda for luxury companies, forcing many of them who sell 'soft' luxury to diversify into...
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