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Hermes Defies Luxury Slowdown with Strong Sales

Sales at Birkin bag maker Hermes accelerated in the second quarter, lifted by continued growth in the United States and a sharp acceleration in China, showing the resilience of global demand for the group's high-end leather goods despite a clouded economic backdrop. Group sales for the three months to the end of June came to 3.32 billion euros ($3.65 billion), up 27.5% at constant exchange rates, above a Visible Alpha consensus for 22% growth, with double digit growth in all regions. ....

France General , Francois Henri Pinault , Maria Grazia Chiuri , Pierpaolo Piccoli , Valentino Garavani , Jacopo Venturini , Henri Pinault , Sabato De Sarno , Milan Fashion Week ,

French luxury group Kering to buy 30% stake in Valentino for 1.7 billion euros cash

French luxury group Kering to buy 30% stake in Valentino for 1.7 billion euros cash
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France General , Valentino Garavani , Jacopo Venturini , Pierpaolo Piccoli , Maria Grazia Chiuri , Francois Henri Pinault , Henri Pinault , Sabato De Sarn , Milan Fashion Week ,