The future of the luxury sector seems to be nice again. Two days after LVMH, which has seen its net profit soar 41 % over the first six months of the year, at the same time the bar of 3 billion euros, Kering unveiled, Thursday, July 26, record results. The group that owns the Gucci brand has recorded a jump of 55 % in net income over the same period, reaching 1.26 billion euros.
The two French specialists of the luxury benefit of favourable winds since last year. After having suffered from anti-corruption measures in China and the terrorist threats that weighed on the tourism activity in Europe, the markets of handbags, fragrances and ready-to-wear to luxury have found their tone of yesteryear.
“After a stagnation of sales in the course of 2016, the market has grown more healthy in 2017 “, said the firm Bain & Company in the publication of its annual review, 7 June. Since the beginning of 2018, he has ” the wind “, judge now the experts of sales forecasts. “The year 2018 is on a great momentum,” adds the firm, with a growth of 6% to 8 % at constant exchange rates over the year as a whole.
Obviously, the leaders of the sector in excess of these forecasts. The sales growth of LVMH, is established at 10 % over the first six months of 2018, 21.75 billion euros. The activity of Kering done even better. It has increased 34 %, to 6.4 billion euros. Hermes displays a health radiant. The parisian house of luxury has generated 2.85 billion euros of turnover in the first half. It records a progression of activity of 11 % at constant exchange rates compared to the previous year.
Renewed appetite of asian consumers
The French groups luxury have benefited from the renewed appetite of asian consumers. In this region…
