Hermès Sales Surge 17% On Strong Chinese Demand, Defying Global Luxury Slowdown
The French luxury house posted strong quarterly sales growth across all geographic areas, including China.
Source: forbes.com
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Hermès International (RMS) Q1 Earnings 2024: Sales Were Up 17%, Bucking Luxury Slowdown
Hermès International (RMS) Q1 2024 earnings are in: Sales gained 17%, with jewelry and home growing fastest in the quarter. It remains confident in China and U.S.
Source: wwd.com
Balenciaga Opens New Tokyo Flagship Boutique in Ginza
Balenciaga's new Tokyo flagship in Ginza's Toraya building is being marked with an exhibition of vintage couture dresses, and logo Japanese sweets.
Source: wwd.com
Kering shares drop after Gucci slump prompts profit warning
The stock slid as much as 8.9% in early Paris trading to the lowest since 2018. Kering’s 20% share slump this year contrasts with gains by French rivals LVMH and Hermes International.
Source: moneycontrol.com
Kering Shares Drop After Gucci Slump Prompts Profit Warning
(Bloomberg) -- Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRay Dalio’s Famous Trade Is Sputtering, Investors BailingThe s
Source: yahoo.com