Cartier-maker Richemont said its sales rose by a better-than-expected 12 percent at constant currency in the five months to Aug. 31, helped by easy comparables and a strong performance in its jewellery business.
Sales of LVMH's watch brands could maintain their double-digit percentage growth in the second half of 2017, despite tougher year-on-year comparisons, the head of the luxury company's watch business said on Thursday.
Cosmetics company L'Oreal on Thursday predicted it would make a record profit margin this year as it posted higher first-half sales and earnings boosted by growth in luxury products and emerging markets.
The French conglomerate is once again number one in Deloitte's 2017 report on the top 100 luxury companies. Kering rose to 5th place, while Italy boasts the most companies overall, including top-10 member Luxottica.
Luxury brands are working harder than ever to get online product and pricing strategy right with major change in the past year as they wake up to the value of e-sales, says a new report from Contactlab/Exane BNP Paribas.