Estée Lauder Companies Third Quarter Earnings Per Share Rise to $.38, before Restructuring Activities Underlying Sales Growth Remains Solid For the quarter, The Estée Lauder Companies reported net sales of $2.25 billion, a 4% increase compared with $2.17 billion reported in the prior-year quarter. Excluding the impact of foreign currency translation, net sales increased 5%. … Read more
Strong first quarter: Daimler increases Group EBIT to €2.1 billion Daimler AG achieved EBIT of €2,130 million in the first quarter of 2012, which is slightly higher than the high prior-year level (Q1 2011: €2,031 million). Net profit increased by 20% to €1,416 million (Q1 2011: €1,180 million). “We have started the year with a … Read more
Maybach customers treated to $100,000 cash back Luxury car maker Maybach offers hard cash to sell out remaining inventory after Daimler made the decision to kill off the Maybach brand. Maybach customers are treated up to remarcable $100,000 cash back. According to AOL Autos, Maybach is trying to move its uber-luxurious Type 57 and Type … Read more
Italian fashion house Prada reported a 2011 net profit of 431.9 million euros beating a Thomson Reuters forecast of 415.83 million euros, annouced reuters. Prada posted a 72 percent rise in full-year net profit. Prada’s shares listed in Hong Kong have gained 41 percent since the start of 2012. Milan-based Prada is seen as … Read more
Hermes luxury handbags and silk scarves were sold in 2011 like hotcakes. Hermes reported a record year in 2011 with a 40.9-percent rise in net profit which helped push up its shares 3.01 percent in early trading, informs AFP. Hermes reported record sales, and a net result of 594.3 million euros ($787 million). The luxury … Read more
Ducati Eyed by Hero MotoCorp as Indian Motorbike Maker Looks for Takeovers Ducati, maker of luxury bikes ridden by celebrities such as Brad Pitt, is among assets being examined by India’s biggest motorcycle maker Hero MotoCorp as the company looks for acquisitions to expand overseas. Ducati would add luxury products to a company that is … Read more