Page 41 - Visible Alpha News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Andrea Figueras Hermes International said that it moves into 2024 with confidence after the Birkin owner posted revenue growth for 2023 in all...

PARIS (Reuters) -Birkin bag maker Hermes said on Friday that it will raise prices again this year after sales jumped 17.5% in the fourth quarter of 2023, continuing its track record of outpacing rivals when economic conditions deteriorate. Shares in the company opened 4.2% higher after sales for the three months to the end of December totalled 3.36 billion euros ($3.62 billion), up 17.5% at constant foreign exchange rates and ahead of expectations for 14% growth, according to Visible Alpha consensus estimates. Hermes said it will pay a 4,000 euro bonus to each of its over 22,000 employees wo...

L’Oreal shares fell as much as 8% on Friday as the cosmetics giant said it’s continuing to see pressure from mainland China and what it called the reset in...

Sales at Birkin bag maker Hermes rose 17.5% in the fourth quarter of 2023, showing the resilience of high end shoppers despite economic headwinds. Sales for the three months to the end...

By Andrea Figueras Hermes said it is moving into 2024 with confidence after the Birkin bag maker reported a surge in fourth-quarter sales despite a slowdown in the overall luxury sector. ...