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Business News: Richemont’s first quarter results illustrate a well-established trend in the luxury goods industry, with its jewellery brands outperforming its watchmakers. Dominated by Cartier and Van Cleef & Arpels, the Swiss group’s jewellery division eked out a 4% increase in sales, while the watch division saw revenue fall 13%, although A. Lange & Söhne and Vacheron Constantin were singled out for their “resilience”. Unsurprisingly, both brands derive the highest proportion of revenue from in-house boutiques, as opposed to third-party retailers. More on SJX Watches.

'LVMH Results Spell Trouble for Luxury Sector 🚨💎 Fashion revenue at the Louis Vuitton, Dior and Loewe owner fell 5 percent in the third quarter, badly missing estimates. 😧📉 #LVMH #LuxuryMarket #BusinessNews For more insights, visit ➡️databoutique.com – the largest source for public data in retail. 📊👀💡#DataBoutique #RetailTrends by The Business of Fashion about Louis Vuitton

The boss of Mulberry has said he needs to "rebuild the business" as the luxury handbag maker revealed that sales plunged by almost a fifth over the past half-year. Read more here: https://lnkd.in/eZNnwGdb #mulberry #retail #luxury #fashion #finance

'Hermès Continues to Outshine Rivals with Sales up 11.3% 💪 The Birkin bag maker reported a hefty rise in third-quarter sales on Thursday, continuing to outperform rivals hit hard by a sharp slowdown in luxury demand. 👜💎 #Hermès #LuxuryIndustry #SalesUp For comprehensive data to understand the retail news, visit databoutique.com 📉📚🌐 #RetailData #DataAnalytics' by The Business of Fashion about Hermès

From India's preference for cosmetics and jewellery to the USA’s focus on luxury fashion, see how different countries prioritise their luxury purchases. What's your luxury spending priority? #LuxuryTrends #GlobalSpending #2024Insights

Birkin bag Hermes Can Surpass LVMH’s flagship Louis Vuitton as Luxury’s Biggest Brand : Hermes sales to reach €20 billion level by 2027, Citi predicts : Birkin bag maker’s sales are set to hit the “symbolic” €20 billion ($21.3 billion) level by 2027 or before “Hermes enjoys one of the most predictable growth, margin and cashflow profiles in the luxury industry” analyst highlighted the French firm’s pricing strategy, which ranges from affordable to ultra-luxury, its control over distribution and opportunities to grow in categories beyond leather such as ready-to-wear, watches, jewelry and tableware : exposure to very wealthy clients and a unique business model which is driven by scarcity

Global Fashion and Luxury Logistics Expansion in Europe Read The News: https://lnkd.in/g5sPUmnT #ICTTMNews #BreakingNews #LogisticsUpdate #SupplyChainExpansion #FashionLogistics

New Post: La Perla’s Luxury Lingerie May Not Be Over Yet as Italian Court Rules to Keep Business Going - https://lnkd.in/gRAKQfPn - The luxury innerwear brand avoided liquidation and is expected to present a new industrial plan in two months. - #news #business #world -------------------------------------------------- Download: Stupid Simple CMS - https://lnkd.in/g4y9XFgR -------------------------------------------------- or download at SourceForge - https://lnkd.in/gNqB7dnp

Kering Group's Q3 2024 revenue declined by 15 per cent YoY to €3.8 billion (~$4.09 billion), with a 26 per cent drop in Gucci and 13 per cent in Yves Saint Laurent. Bottega Veneta's revenue grew by 4 per cent. From other Houses, the revenue dropped by 15 per cent YoY. CEO François-Henri Pinault cited challenging market conditions and a focus on long-term sustainable growth amidst current setbacks. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/d5g4ATaJ