Chanel Says Luxury Goods Sellers Will Find Difficult Times Ahead
Bruno Pavlovsky, the president of fashion for luxury goods maker Chanel, warned the coming year was shaping up to be quite challenging for the fashion and luxury goods industry, as…
Hermes Reports Luxury Sales Beat Expectations
Hermes reported third quarter sales increased briskly, overperforming expectations, and outcompeting rivals as the slowing economy did not prevent its wealthy clientele from looking to pickup new ultra-luxury Birkin handbags.…
LVMH Loses Title Of EU’s Most Valuable Company
Novo Nordisk, the Danish Pharmaceutical giant, has supplanted French luxury conglomerate LVMH, the biggest retailer of luxury goods in the world, and owner of brands such as Louis Vuitton and…
LVMH Value Soars Despite Economic Challenges
As its share price surged, and the euro strengthened, French luxury goods brand LVMH saw its market value blow past the $500 million mark, making it the first European company…
