LMVH profit jumps as Japan, Europe join China luxury rebound

Business / Corporate Jul 27, 2017

LMVH profit jumps as Japan, Europe join China luxury rebound

LVMH's first-half profit grew at the fastest rate since 2011 as Japan and Europe joined a luxury industry recovery led by China, showing double-digit sales increases in the second quarter. The world's biggest luxury-goods company said Japan was boosted by promotional activity like staging Louis ...

Hermes reports strong sales growth, revenue up 27% in Japan

Business Jul 22, 2015

Hermes reports strong sales growth, revenue up 27% in Japan

Luxury goods maker Hermes International SCA reported a 22 percent increase in second-quarter sales, led by accelerating growth in Japan. Revenue rose to 1.17 billion euros (¥158 billion), Paris-based Hermes said in a statement Tuesday, about meeting the median of 14 estimates compiled by Bloomberg. ...

Burberry profit tops estimates as Bailey settles in as CEO

Business / Corporate May 22, 2014

Burberry profit tops estimates as Bailey settles in as CEO

Burberry Group Plc's new Chief Executive Officer Christopher Bailey outlined Wednesday his growth vision for the U.K.'s largest luxury-goods maker as he reported full-year earnings that exceeded estimates. "Tremendous opportunities lie ahead by channel, by region and by product category," Bailey, 43, said at his ...