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UPDATE 2-Strong Asia pushes Hermes sales up 16% in fourth quarter


(Adds share price, profitability, analyst comment)
MILAN, Feb 19 (Reuters) - Birkin bag maker Hermes weathered the coronavirus pandemic better than luxury goods rivals, with sales recovering sharply in the final part of 2020 thanks to a strong performance in Asia and soaring online revenues.
The French group said on Friday sales in the October to December period rose by 16% at constant exchange rates - way better than the 8% increase forecast in an analyst consensus cited by UBS.
Shares in the group, which have surged 41% in the past year despite the global health emergency, rose by more than 6% in early trade in Paris on Friday, the top gainer in the blue chip CAC 40 index. ....

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New Zealand Millennium Cup Superyacht Regatta Postponed


By George Bains
The New Zealand Millennium Cup organisers have elected to postpone the regatta to March 2021.
The leading superyacht event had been due to begin on Monday 15th February, however due to an elevated Covid alert across New Zealand the Millennium Cup will now take place in the Bay of Islands from 28-31 March.
The regatta is run by the NZ Marine Export Group and promotes New Zealand’s cruising grounds and marine industry to international and domestic superyachts. The event will follow on from the Superyacht Gathering in Auckland, which is due to be held from 24-26 March and will feature appearances from industry powerhouses Jonathan Beckett and Andrew Winch. ....

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