PARIS — The dollar and yen may be sliding against the soaring euro and there still might be some concerns about the Japanese market, but LVMH Moët Hennessy Louis Vuitton and PPR remain bullish about luxury.
"The demand is formidable," LVMH chief Bernard Arnault told a meeting of analysts and reporters here Thursday, as he disclosed that the group's net profits through the first six months of the year rose 2 percent as sales gained 6 percent. "There's great dynamism in all of our activities. The results are remarkable [given the currency-exchange environment]."
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)