PARIS — Bernard Arnault kept an upbeat tone as LVMH Moët Hennessy Louis Vuitton reported flat net profits for 2008, but a 4 percent increase in fourth-quarter revenues to 5.23 billion euros, or $7.01 billion.
In fact, he said Louis Vuitton, which kept a double-digit sales pace in the quarter, would open more than 25 stores this year, and that the world’s largest luxury group would not cut its advertising spend as it seeks to win market share and keep the luxury dream alive.
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)