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Hermès Reports Record 2012 Sales

In What's New, Industry News by Jeff Prine

Paris—The view isn’t only better from the top, business is too. At least that’s the take home from Hermès International SCA which on Tuesday reported record-breaking sales for 2012. The French luxurygoods house known for its Birkin handbags and silk scarves, posted a 22.6% sales increase to 3.48 billion euros …

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LVMH’s Q3 18% Sales Increase Adds Optimistic Outlook for Luxurygoods Sales

In What's New, Industry News by Accessories Staff

Paris—If there’s a company that’s rightfully bullish on luxurygoods sales, it’s LVMH, which today reported 18% increase in its third quarter earrings to 6.01 billion euros (about $8.23 billion) Excluding currency swings and acquisitions, the sales increase beat analysts’ estimates for 5.85 billion euros for the quarter. Noting a continuation …