Looking back on the first half of the year, it would be hard to argue that luxury is in for a smooth ride. Will this challenging period continue? And for how long?
Amid a general slowdown in the luxury sector, the French-based luxury group stood out by reporting a strong first half in 2023, with both sales and profits up
The luxury group reported a first quarter sales growth of 17% at constant exchange, as compared to the same period of last year, “with solid activity in all geographical areas”
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand
The French-based luxury group reported “an outstanding performance” across all regions in 2023, with total revenue up by 21% year-on-year at constant exchange rates to 13.42 billion euros
This willingness was shown by the luxury company’s CFO, Eric du Halgouët, in a call with analysts last month. The goal would be to further integrate its supply chain
From January to September 2023, the French-based luxury group’s revenue reached 10.1 billion euros, increasing from the 8.6 billion euros recorded in the same period of last year
The French-based luxury company's sales reached 6.70 billion euros in the first half of 2023, up from 5.48 billion euros in the same period of 2022, driven by strong momentum across regions
The French-based luxury group posted a revenue growth of 23% at constant exchange rates and 22% at current exchange rates in the first quarter of 2023, year-over-year, reaching 3.38 billion euros
The luxury group posted a sales growth of nearly 30% in 2022 over the prior year, reaching 11.60 million euros. Despite the global uncertainty, the group is approaching 2023 with confidence
There are at least 20 000 vacancies for specialized workers in the French luxury segment, said the association that represents about a hundred luxury houses in the country
Hermès apprenticeship training school, which prepares students for the French national diploma in leatherwork, will include a vocational qualification certification in cutting and stitching
The French-based luxury group reported a sales jump of 30% in the first nine months of 2022, year-over-year, and shows no signs of slowing down. Price hikes are in the pipeline for 2023
The US-based company announced that it has sued the luxury group for allegedly infringing on multiple patents regarding its Massage Fit sole technology
The French-based luxury group posted a revenue increase in the first half of 2022, with all geographical areas recording "strong growth". Performance in Greater China bounced back in June