Luxury brands have continued to enjoy strong sales despite world economic concerns. French luxury group Hermes said to AFP it posted record sales of 2.8 billion euros in 2011, highlighting the resilience of luxury brands in the face of the weakening global economy. French luxury goods giant LVMH said last week it had enjoyed a … Read more
The last Paris men’s fashion show certifies that the era of “bling” is drawing, unlamented, to its close, writes the telegraph. “We are going to enter an era in which logo and ostentation is going to be less successful. It will be about real quality,” said Antoine Arnault, the 34-year-old heir to Louis Vuitton Moet … Read more
Between France and Italy, the men’s wear business is “ready-to-war,” says Suzy Menkes in her latest article dedicated to men’s wear booming. The French luxury companies have seized the opportunity to ally with Italian savoir-faire. PPR, the luxury group headed by François-Henri Pinault, completed its 100 percent purchase of the Italian men’s wear brand Brioni. … Read more
Bernard Arnault Plans a £300 Million Louis Vuitton store on London’s Bond Street LVMH CEO Bernard Arnault is reportedly in talks to open Louis Vuitton’s flagship stores at 17-20 New Bond St. The famous Bond Street houses a number of high-end stores, including Mulberry and Chanel, and is regarded as one of the most expensive … Read more
LVMH bought 100% stake in ArteCad, a Swiss watch dial manufactory Swiss watch dial manufactory ArteCad was bought out by LVMH. The luxury group had no previous financial interest in the company, from two private owners. The Swiss watch dial manufactory was founded in 1885 and employs 215 people. It produces 350,000 dials a year, … Read more
LVMH watch and jewellery sales up 26% Luxury products group LVMH has reported a revenue of €16.3 billion during the first nine months of 2011, an increase of 15% over the same period in 2010, with watches and jewellery recording organic revenue growth of 26%. The overall organic revenue growth of the French luxury goods … Read more