Hermès Sales Up 16 Percent in Q3
The luxury company shot ahead of analysts predictions, but third-quarter results were still a marked slowdown from its recent quarters.
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The luxury company shot ahead of analysts predictions, but third-quarter results were still a marked slowdown from its recent quarters.
Analysts have cut their estimates for the luxury sector in recent weeks following a sales report from bellwether LVMH earlier this month showing shoppers are splashing out less on high-end fashion as inflation and economic uncertainty rise.
Luxury goods firm outshines rivals as it weathers the economic gloom
Kering may have witnessed double-digit declines in the third quarter, but that won't stop the group from investing in its brands, cleaning up the wholesale network, and putting a fresh focus on Gucci and Balenciaga.
Kering may have seen double-digit declines in Q3, but that's not stopping the group from upgrading and investing in brands such as Gucci, Balenciaga.