×
603
Fashion Jobs
ASIANLAK HEALTH FOODS LTD.
Area Sales Manager
Permanent · Jalandhar
GIRNARSOFT EDUCATION SERVICES PRIVATE LIMITED
Interview || Area Sales Manager || Collegedekho.Com || s. India
Permanent · Chennai
GENESTORE INDIA PRIVATE LIMITED
Area Sales Manager/ Business Development Executive-Mumbai
Permanent · Mumbai
ANAND RATHI
Cluster Head/ Area Sales Manager
Permanent · Chennai
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
MAHALAKSHMI PROFILES PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
ARCHANGEL HR SOLUTIONS
Consultant Planning, Merchandising, Sourcing
Permanent · Chennai
KARADI PATH EDUCATION COMPANY PRIVATE LIMITED
Senior Area Sales Manager - Karadi Path Education Company
Permanent · Chennai
SENSO FOODS PRIVATE LIMITED
Area Sales Manager/sr. Sales Executive For "Corporate Sales"
Permanent · Ahmedabad
ALGOR SUPPLYCHAIN SOLUTIONS PRIVATE LIMITED
Hiring For Sales Manager in Logistic co| Hyderabad | Goa
Permanent · Bengaluru
A2V INSURANCE BROKERS PRIVATE LIMITED
Area Sales Manager
Permanent · Ludhiana
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Mumbai
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Namakkal
Permanent · Namakkal
ARKRAY HEALTHCARE PVT. LTD
Opening For Medical Business Manager(mr)- Delhi Chennai & Bangalore
Permanent · Chennai
PUMA
Studio Operations Manager
Permanent · Bengaluru
SHASHA GABA
Fashion Consultant
Permanent · NEW DELHI
ELICO LIMITED
Requirement For Production Manager
Permanent · Hyderabad
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - up
Permanent · Faizabad
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - up
Permanent · Mahoba
ELECTRONICA FINANCE LTD
Area Sales Manager - Machinery Loan(Delhi ,Faridabad & Ghaziabad)
Permanent · Faridabad
IOTECHWORLD AVIGATION PVT LTD
Production Manager Engineer (Design & Development)
Permanent · Gurugram
CLASSIC SEARCH PVT LTD
Manager Production
Permanent · Bengaluru
By
Reuters
Published
Feb 9, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Handbag maker Longchamp bucks luxury goods slowdown

By
Reuters
Published
Feb 9, 2016

French handbag maker Longchamp enjoyed improved sales growth last year, bucking a slowdown in the luxury goods industry.

Family-controlled Longchamp, known for its best-selling Pliage bags, said on Tuesday revenue rose last year by 10 percent at constant currencies to 566 million euros (438 million pounds), up from 8 percent growth in 2014.

Longchamp


Longchamp's performance comes as sales growth has slowed in the luxury goods sector, hit by weaker demand in China and low oil prices reducing Russia and Middle Eastern purchasing power.

Rival Kate Spade saw its same-store sales rise strongly last year, while Coach's fortunes have been improving.

Longchamp said its sales growth benefited from new stores in Asia and solid demand in Europe, with the Chinese now its second-biggest customers behind the French.

Longchamp, which opened three stores in mainland China bringing the total number to 25, said sales there had risen 30 percent at constant currencies, a growth level reminiscent of what many luxury brands enjoyed in China five years ago.

Longchamp said sales fell in Paris around 20 percent in November and December after the attacks on the French capital and it expected it would take at least a few months for tourists to return after some cancelled trips.

"In Paris, we are still not back to the levels we saw before the attacks," Longchamp Chief Executive Jean Cassegrain told Reuters in an interview.

Cassegrain said he was not too concerned about the company's sales globally, as although Paris was its number one city in terms of revenue, shoppers would visit its outlets in places like Amsterdam or Tokyo instead.

This year, he said the brand expected the same level of sales growth as in 2015.

$1 = 0.8962 euros

 

© Thomson Reuters 2021 All rights reserved.