PARIS — Double digits remain the most fashionable numbers in the luxury sector, and LVMH Moët Hennessy Louis Vuitton unfurled a slew of them on Wednesday, headlined by a 25.4 percent jump in first-quarter revenues.
“It’s a great start to the year, which bodes well for the rest of the year. No reason to be pessimistic,” commented chief financial officer Jean-Jacques Guiony, noting that sales advanced by double digits in local currencies across all regions and adding, “I don’t think that happens very often.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)