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French groups Hermès, LVMH and Kering have delivered widely different sales growth in the first quarter, in a test of the sector’s resilience following years of rapid expansion .
Hermès and Kering are a case in point. In a sector that has so far posted an organic .
Luxury group Kering — whose brands are more fashion-driven and have a larger . Hermès and Kering are a case in point. In a sector that has so far posted an organic revenue decline of 2 per cent, according to Luca Solca at Bernstein, Hermès defied . French fashion brand has seen its sales outpace of those of its struggling rivals including LVMH and Gucci parent company Kering.
Luxury group Kering — whose brands are more fashion-driven and have a larger aspirational client base — warned last week profitability at its biggest business, Gucci, would . French groups Hermès, LVMH and Kering have delivered widely different sales growth in the first quarter, in a test of the sector’s resilience following years of rapid expansion and margin gains. Hermès and Kering are a case in point. In a sector that has so far posted an organic revenue decline of 2 per cent, according to Luca Solca at Bernstein, Hermès defied the slowdown with an. French fashion brand has seen its sales outpace of those of its struggling rivals including LVMH and Gucci parent company Kering.
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Luxury group Kering — whose brands are more fashion-driven and have a larger aspirational client base — warned last week profitability at its biggest business, Gucci, would fall this year and.Hermès reported sales of billion in its third-quarter earnings Thursday. It comes as luxury industry peers LVMH and Kering stutter. That puts the Birkin bag-maker well ahead of other French luxury goods players, such as Kering, which reported sales slid 16 percent, and LVMH Moët Hennessy Louis Vuitton, which reported a 4.4 .
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Despite a luxury market slowdown, Hermès posted higher-than-expected Q3 growth. Here are 4 strategies CEOs can use to help their teams thrive in a market downturn. The recent economic woes in China—the world’s second-largest luxury market—have struck a blow to major players like LVMH and Kering. However, Hermès has managed to weather the storm—and .
Hermes sales rose as the Birkin bag maker met resilient demand for its pricey handbags, bucking the broader luxury market slump that’s dragged down peers like Gucci-owner Kering SA. Exposure to different customer segments, some of which are hit harder by the cost-of-living crisis than others, is a big part of the story. But that’s not the only thing in play. Let’s take a look at Hermès and Kering, this week’s winner and loser.
French groups Hermès, LVMH and Kering have delivered widely different sales growth in the first quarter, in a test of the sector’s resilience following years of rapid expansion and margin gains. Hermès and Kering are a case in point. In a sector that has so far posted an organic revenue decline of 2 per cent, according to Luca Solca at Bernstein, Hermès defied the slowdown with an. French fashion brand has seen its sales outpace of those of its struggling rivals including LVMH and Gucci parent company Kering.
Luxury group Kering — whose brands are more fashion-driven and have a larger aspirational client base — warned last week profitability at its biggest business, Gucci, would fall this year and.Hermès reported sales of billion in its third-quarter earnings Thursday. It comes as luxury industry peers LVMH and Kering stutter. That puts the Birkin bag-maker well ahead of other French luxury goods players, such as Kering, which reported sales slid 16 percent, and LVMH Moët Hennessy Louis Vuitton, which reported a 4.4 .
Despite a luxury market slowdown, Hermès posted higher-than-expected Q3 growth. Here are 4 strategies CEOs can use to help their teams thrive in a market downturn. The recent economic woes in China—the world’s second-largest luxury market—have struck a blow to major players like LVMH and Kering. However, Hermès has managed to weather the storm—and . Hermes sales rose as the Birkin bag maker met resilient demand for its pricey handbags, bucking the broader luxury market slump that’s dragged down peers like Gucci-owner Kering SA.
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