June 2, 2009

Hermes confirms target of stable 2009 sales

Montre Arceau grand modèle d'Hermès

PARIS, June 2 (Reuters) - French luxury goods group Hermes (HRMS.PA) on Tuesday confirmed its target for more or less stable 2009 sales at constant currencies and said the impact of the economic crisis on purchasing power was still a factor.

Patrick Thomas, head of Hermes, told shareholders at the annual general meeting that it would be an "illusion" to think the group would be shielded from the effects of the crisis.

(Reporting by Pascale Denis, editing by Marcel Michelson)

archives Hermès

2/9/12
Hermes posts 18 pct rise in 2011 sales
French luxury group Hermes posted an 18.3 percent rise in 2011 sales on Thursday, boosted by buoyant demand for the 175-year-old brand in Europe, the Americas and Asia.
See complete article
2/6/12
Hermès confirms the arrival of its Chinese brand Shang...
Hermès has confirmed the arrival of its Chinese luxury brand Shang Xia in Paris, with a store opening scheduled for the end of 2012.
See complete article
2/2/12
LVMH profit beats forecasts, sees 'excellent' 2012
LVMH, the world's biggest luxury group, posted a forecast-beating 22 percent rise in 2011 operating profit, helped by rapid growth in Asia and at its Louis Vuitton brand, and said the outlook for this year was "excellent".
See complete article
1/30/12
Designer puts luxury tag on 'made-in-India' label
"Made in India" clothing is often seen as the product of sweatshop labour, but fashion designer Saloni Lodha, whose fans include film stars Naomi Watts and Emma Watson, wants to give it a luxury tag.
See complete article
1/30/12
Louis Vuitton to unveil jewellery studio, perfume
French luxury brand Louis Vuitton will open a boutique and jewellery studio on Paris' Place Vendome this spring and is preparing its first perfume, the label's head Yves Carcelle told AFP Friday.
See complete article
1/27/12
Perfume giants fined 40 mn euros for price fixing
A French court has fined perfume giants including Chanel, Christian Dior and L'Oreal a total of 40 million euros ($53 million) for colluding to keep prices high.
See complete article
1/23/12
Could neckties be cool again?
Now that older men have ditched it to look cool, the stylish young are reclaiming the necktie as their own, with the once-derided accessory making a stealthy comeback on the menswear runways.
See complete article
1/23/12
Menswear: what will make it from catwalk to sidewalk?
Lashings of leather, slinky knits, bomber jackets and iPad cases were hot trends on the Paris runways -- and ones likely to make it into men's wardrobes next autumn, buyers said as the menswear shows wrapped up Sunday.
See complete article
12/21/11
Mulberry names Bruno Guillon chief executive
British leather goods maker Mulberry has named the managing director of Hermes France Bruno Guillon as chief executive to replace Godfrey Davis who will move into a non-executive chairman role.
See complete article
12/20/11
LVMH stake in Hermes reaches 22.3 pct
The world's biggest luxury group, LVMH, has increased its stake in leather bag maker Hermes to 22.3 percent and now has 16 percent of voting rights, according to a statement from France's AMF stock market regulator.
See complete article
12/14/11
Hermes family finalises holding to prevent takeover
The family owners of Hermes said on Wednesday that they had finalised the creation of a holding company with 50.2 percent of the share capital to protect the luxury house from hostile takeover.
See complete article
12/13/11
Michael Kors IPO to make the cut despite gloom
Luxury lifestyle company Michael Kors Holdings' shares are expected to fly off the shelves as affluent shoppers continue to spend despite a gloomy economic environment.
See complete article
12/12/11
Luxury giants battle it out in menswear
Buoyant demand for luxury menswear, driven by China's male-dominated market, has prompted big industry players such as LVMH and PPR to step up their investments in the fast-growing market.
See complete article
12/5/11
Hermes sees 10 percent growth in 2012
French luxury goods group Hermes expects sales growth of 10 percent next year, with trends in the current quarter broadly in line with the rest of the year, its chief executive told a Swiss newspaper in an interview published on Monday.
See complete article
12/5/11
Michael Kors Holdings IPO values co at $3.63 bln
Michael Kors Holdings Ltd, known for its eponymous luxury lifestyle brand, filed with U.S. regulators on Friday for an initial public offering of common stock that values the company at as much as $3.63 billion.
See complete article
11/28/11
Lyon's silk survivors ply noble trade
Heavy rolls of silk printed with a tiny stirrup motif line up on a factory floor near Lyon, waiting to be rolled, beaten and brushed to perfection, before they are cut into Hermes neckties.
See complete article
11/15/11
Burberry bets on top cities to weather downturn
Luxury goods group Burberry is to stick with ambitious expansion plans, saying demand in top cities like Hong Kong, London and New York would prove resilient in any downturn.
See complete article
11/15/11
Burberry keeps targets after H1 profit jump
British luxury goods group Burberry met forecasts with a 26 percent rise in first-half profit, helped by buoyant tourist spending around the world, and kept its growth targets despite an uncertain economic backdrop.
See complete article
11/15/11
Elizabeth Taylor jewelry destined for online sale
A huge sale of Elizabeth Taylor's designer clothing and jewelry, known as the "Crown Jewels of Hollywood," will be split in two, with nearly 1,000 items selling only online, Christie's auctioneers said Monday.
See complete article
11/14/11
The International Luxury Business Association shifts focus back to...
The International Luxury Business Association is organising the third edition of its Luxury Outlook conference in Paris on November 24 around the topic of how to grow the luxury business in developed markets. The three countries studies...
See complete article