Paris--Hermès International reported Wednesday that its first quarter sales jumped 25.5% on soaring demand for watches, scarves … [Read more...]
Luxurygoods
Flash Sale Site Ideeli Secures $41 Million in Financing
New York—The validity of flash sale websites—online merchants that specialize in brief, sharp discounts on brand and designer … [Read more...]
April 29, 2011 -
PPR Q1 Earnings Beat Forecasts as U.S. Sales Rise
Paris—PPR, which owns Gucci, Bottega Veneta and Yves Saint Laurent, posted today a 9.1% rise in its first-quarter sales, … [Read more...]
April 27, 2011 -
European Stocks Rise as LVMH, Burberry Report Sales Gains
LVMH Q1 Sales Rise 17%, Strong Across All Categories Paris—LVMH, the world’s largest luxurygoods conglomerate, reported … [Read more...]
April 19, 2011 -
MCM, Parsons on Wearable Technology Competition
New York—“Innovation distinguishes between a leader and a follower,” said Steve Jobs, Apple’s founder and chairman. And … [Read more...]
April 1, 2011 -
BaselWorld 2011 Marks End to Luxury Slump
Basel, Switzerland—Despite a theft of several millions worth of gems in its final days, BaselWorld 2011 finished Thursday on a … [Read more...]
April 1, 2011 -
Prada’s 2010 Profits Leap 85%
Milan--On the eve of its expected stock market listing, Prada reported Monday that its 2010 operating profit leaped 85% in … [Read more...]
March 29, 2011 -
Mulberry Raises Profit Forecast Third Time
Somerset, England—For the third time in four months, Mulberry, the British luxury leathergoods company, raised its profit … [Read more...]
March 14, 2011 -
Neiman Marcus Launches Blog
Dallas--A brick-and-mortar store? Yeah, so? An e-commerce site? Tell us something we don’t know. A Facebook and Twitter … [Read more...]
March 10, 2011 -
Hermes Reports Surge in Annual Profits
Paris--Hermes International reported today a surge in its full year earnings with profits rising 44% to 668.2 million euros (about … [Read more...]
March 4, 2011 -
PPR Shuffles CEOs as Full Year Income Rises 24%
Paris--PPR SA, the luxurygoods group that owns Gucci, Yves Saint Laurent, and Bottega Veneta brands among others, moved … [Read more...]
February 17, 2011 -
On Eve of IPO, Prada Posts 31% Gain in 2010
Milan—As Prada prepares to go public in the Hong Kong market, the luxury brand reported today that its 2010 sales jumped 31% to … [Read more...]
February 10, 2011 -
