luxury goods
Stories tagged luxury goods.
Hermès nine-month revenue up 2.9% as leather goods offsets regional softness
Hermès reported a 5.5% rise in third-quarter revenue to €4.096 billion, lifting nine-month sales to €12.26 billion, up 2.9%, as leather goods demand in the Americas, Europe and Japan offset weakness in the Middle East, watches and ready-to-wear. Shares nevertheless fell 8.1% to €1,247.50 in Paris.
Kering Q3 revenue slips 1% as Gucci decline deepens to 6%
Kering reported third-quarter revenue of 3.35 billion euros, down 1 percent on a comparable basis, while flagship brand Gucci fell 6 percent at constant exchange rates and missed analyst expectations.
LVMH logs weaker-than-expected Q3 as fashion and leather sales fall 5%
The world's largest luxury group posted 1% organic sales growth for the third quarter, missing analyst expectations, as demand weakened for its biggest fashion and leather brands.
Hong Kong visitor arrivals forecast to hit 59 million in 2026 as retail sales rise 9.7%
Hong Kong retail sales climbed 9.7% year-on-year to about $25.9b (HK$203b) in the first half of 2026, with visitor arrivals projected to grow 18% to 59 million for the full year.
Kering Eyewear Achieves Record First-Half Performance; Parent Group Revenue Declines Slightly
Kering Eyewear delivered a record first-half performance, contributing to the luxury group's €7.22 billion in revenue, down 3% year-on-year but with Q2 growth.
Richemont First-Quarter Sales Rise 20% on Strong Regional Demand
Richemont Group reported first-quarter sales of €6.3 billion, a 20% increase at constant currency, driven by double-digit growth across all regions and a strong performance from its Jewellery Maisons.
Luxury Sector Poised to Capitalize on EU-India Free Trade Deal
The EU-India free trade agreement, signed earlier this year, is expected to take effect in 2027, opening new opportunities for luxury businesses. The Comité Colbert and the Franco-Indian Chamber of Commerce are working to facilitate market access.