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French handbag maker Hermes posts record H1 margins

France's Hermes said operating margins reached a first-half record at the start of 2018, after resilient demand in key markets like China helped the luxury handbag maker and most of its major rivals lift profits.
Business • 12 Sep 18

Gucci aims to steal luxury crown from Louis Vuitton

Italian fashion house Gucci has said it aims to reach €10 billion in annual sales and replace LVMH's Louis Vuitton as the world's biggest luxury label.
Business • 08 Jun 18

Strong Chinese sales boost luxury handbag maker Hermes

Thriving demand in China boosted sales at Birkin bag marker Hermes in the first quarter, underscoring an upbeat start to the year for some of the luxury sector's biggest names.
Business • 03 May 18

Luxury goods group Hermes delivers record profit margin

French luxury goods group Hermes said today it was starting 2017 on a solid footing after delivering record 2016 profits, providing further evidence of a broader recovery in the luxury goods industry.
Business • 22 Mar 17

Hermes enjoys small rise in third quarter sales

French luxury goods group Hermes today said it saw a slight acceleration in sales growth in the third-quarter to 8.8% at constant exchange rates, up from 8.1% in the previous three months.
Business • 03 Nov 16

LVMH and Hermes call truce in 'handbag war'

A long and bitter battle that has gripped the luxury goods industry came to an unexpected end today when LVMH and Hermes agreed to a truce.
Business • 03 Sep 14

Hermes results boosted by Asia sales

French luxury goods group Hermes today posted record profits in 2013 as sales of its bags and scarves showed little sign of slowing.
Business • 20 Mar 14

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