Hermès Q1 Sales Gain 17% as Jewelry, Home and Leather Goods Boom [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
All regions logged double-digit growth in the three-month period ending March 31. It was particularly strong in Japan, where sales rose 25.2 percent at constant exchange rates. The rest of Asia recorded a 13.9 percent increase, although the company noted softer traffic in Greater China following the Lunar New Year. More from WWD WWD's Seven Best Timepieces From Watches and Wonders 2024 Watch Executives, Expecting a Tough Year, Bet on Women, Brand Expertise Handbag Sticker Shock? Try Spring's Entry-level Luxuries Instead “The solid sales growth in the first quarter 2024 reflects the loyalty of our clients worldwide, the strength of the group's artisanal model and the desirability of our creations in a more complex environment. Hermès pursues its strategy based on exceptional know-how, the finest materials and uncompromising quality,” said Hermès chief executive officer Axel Dumas. With its first-quarter figures, the French luxury leather goods firm is staying ahead of riva
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