PARIS — Likening high-flying leather goods maker Louis Vuitton to a “luxury Microsoft,” Bernard Arnault credited the unit for helping LVMH Moët Hennessy Louis Vuitton’s net profit jump 23.8 percent to $297 million in the first half, versus $239.8 million a year ago.
Dollar figures have been converted from the euro at current exchange as LVMH reported net income of 265 million euros versus year-ago profits of 214 million euros.
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)