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Hermès

Hermès Sees 2-Year Downturn
(Source: Reuters)
Hermès CEO Patrick Thomas believes the economic downturn will continue to chill the luxury goods industry for potentially two years. As a result, he has directed his company to cut back on some investments -- even in growth areas like China. . . . keep reading

Hermès Swings to Revenue Growth on Currency Gains
(Source: LuxuryBrandNetwork.com)
Hermès sales for the first quarter of 2009 slipped 4.7% at constant exchange rates. But currency movements, notably the positive appreciation of Japanese Yen against the Euro, lifted sales by €33 million and swung the comparison to the prior year to +3.2%. . . . keep reading

Hermès Experiences Robust Sales Everywhere But Japan
(Source: WWD.com)
Paris-based Hermès said fourth quarter revenue rose 6.2%, or 1.2% at constant exchange rates. For the year, revenue rose 8.6% to €1.76 billion, or 10.2% after currency exchange. . . . keep reading

Luxe Brands Lowering U.S. Prices
(Source: Wall Street Journal)
Major luxury brands are challenging conventional wisdom and cutting prices 8-10% in the U.S., says The Wall Street Journal. . . . keep reading

Luxury Outlook: EXCLUSIVE ANALYSIS
(Source: LuxuryBrandNetwork.com)
Luxury CEOs say the outlook for the fourth quarter and into 2009 is deteriorating rapidly. Even the most optimistic--including LVMH, Coach and Burberry--see growth rates slowing. Current coverage includes: Bulgari, Tifffany, Burberry, Coach, LVMH, Hermès, Williams-Sonoma, Liz Claiborne, Hugo Boss, Tod's Group, Ann Taylor and Nordstrom. . . . keep reading

Hermès Revenue Up 7.6% But Sees "Slowdown In All Countries"
(Source: WWD.com)
Paris-based Hermès said revenue for its third quarter ended 30 September 2008 rose 7.6% at constant exchange rates and 4% after currency translation. . . . keep reading

Luxe Boomlet Continues in India
(Source: Time)
The number of Indians whose net worths exceed $1 million grew 22% last year--faster than any other Asian country, and a report by CapGemini & Merrill Lynch pegs the number of $1 million+ households now in India at 167,000. . . . keep reading

Old Athens Emerging as New Luxury Hotspot
(Source: International Herald Tribune)
Only in the past few years have leading luxury brands noted the impact of Greek luxury shoppers abroad and ventured to Greece themselves. . . . keep reading

Luxe Concept Stores Getting Super-Sized
(Source: Interntaional Herald Tribune)
In spite of real estate woes and financial pressure, top brands are investing in bigger, more expensive concept stores. . . . keep reading

Hermes Profit Up 20%, Increases Stake in Gaultier
France's Hermes said revenue for the first six months rose 17.9% to EUR 813 million before the negative impact of currency translation, which dropped revenue growth to 12.8%. . . . keep reading

Q3+ Luxury Outlook: EXCLUSIVE ANALYSIS
(Source: LuxuryBrandNetwork.com)
Citing "strong momentum in the first half of the year," LVMH Chairman and CEO Bernard Arnault said the group "approaches the second half with confidence." . . . keep reading

Hermes Q2 Sales Up 12.1% on "Incredible" U.S. Demand
(Source: various)
Led by perfumes, sales at Hermes rose 12.1% in the second quarter compared to 2007. The company's fragrances, which include Bel Ami and the new Kelly Caleche, saw sales gains of 28.2% in the quarter. . . . keep reading

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