Tourists are flocking to Japan to scoop up high-end clothes and handbags at a discount thanks to the weak yen currency. Japan: Weak Yen draws luxury shoppers from around the world, tourists rush for high-end discounts The yen's sell-off - it hit a 38-year low against the dollar last month before recovering ground - has sparked an unprecedented tourist boom, …
We’re all drinking less champagne as the world becomes a scarier place. The owner of Louis Vuitton and Dior has reported a 1% increase in sales excluding currency movements and mergers and acquisitions in the fiscal second quarter, below analysts’ expectations of a 2.9% gain, and the lowest level of growth since 2009, excluding the pandemic dip. Britain’s Burberry Group …
Back in January, Bernard Arnault, founder and chief executive officer of LVMH, said he would be perfectly happy with 8%-10% sales growth for the group’s fashion and leather goods division this year. LVMH said group sales excluding currency movements and mergers and acquisitions rose 3% in the three months to 31 March, broadly in line with analysts’ expectations. Even if …
Back in January, Bernard Arnault, founder and chief executive officer of LVMH, said he would be perfectly happy with 8%-10% sales growth for the group’s fashion and leather goods division this year. LVMH said group sales excluding currency movements and mergers and acquisitions rose 3% in the three months to March 31, broadly in line with analysts’ expectations. Even if …
Bernard Arnault, Chairman and CEO of the company behind luxury fashion brand Louis Vuitton, became only the third person to see their fortunes cross the $200 billion mark. The record growth in the net worth of the world’s richest man came after shares of the French LVMH luxury goods empire hit an all-time high this week. Bernard Arnault’s fortunes have …
