PARIS — The Louis Vuitton brand should show “superior resilience” during the current economic downturn, allowing parent LVMH Moët Hennessy Louis Vuitton to be “one of the few” luxury players to report positive earnings growth next year.
So says a report released Wednesday by HSBC luxury analyst Antoine Belge, who forecasts LVMH’s earnings before interest and taxes to rise 6 percent next year, also bolstered by its cognac division and positive shifts in currency. Vuitton should account for 47 percent of group EBIT this year, with cognac kicking in about 12 percent, he notes.
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)