PARIS — Worried about the impact of the financial storm on luxury sales, analysts on Friday peppered LVMH Moët Hennessy Louis Vuitton executives with questions about how the bellwether French firm was performing.
In a conference call with investors, LVMH finance director Jean-Jacques Guiony said business is holding so far, even if growth was not as brisk as earlier this year. LVMH reported a 4.5 percent increase in sales for the first nine months of the year to 11.96 billion euros, or $17.94 billion.
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)