LVMH’s sales in the second quarter were underpinned by a strong rebound in Chinese spending, which helped offset weak demand from ambitious customers in the United States, the group said Tuesday. First-half revenue rose 17 percent year-on-year to €42.2 billion, with...
Moncler SpA saw sales jump by 24 percent in the first half of the year, beating consensus estimates and crossing the €1 billion mark for the first time. The Italian luxury outerwear maker reported sales of 1.14 billion euros in the...
Miu Miu’s sister brand to Prada posted a historic first half—retail sales similarly jumped 50 percent—as renewed brand buzz translated into higher revenue. The Milan fashion group said sales at its flagship brand, Prada, grew 18 percent. On a call with...
Ermenegildo Zegna Group’s sales buck the economic slowdown in North America. The company’s revenue in the US was 157 million euros ($173) in the first half of 2023, up 26 percent from a year earlier at constant exchange rates, buoyed by...
Sales at Birkin bag maker Hermes accelerated in the second quarter, showing the resilience of global demand for the group’s luxury leather goods despite the murky economic backdrop. Group sales for the three months to the end of June reached 3.32...