Hermes influenced by the Chinese market sales growth slowed in the first quarter

Hermes influenced by the Chinese market sales growth slowed in the first quarter

2012 Annual Report released by Hermes, Hermes sales in 2012 amounted to 3.484 billion euros ($ 4.7 billion), an increase of 22.6% over the previous year, an increase of 16.4% at constant exchange rates. Net profit growth of 25% to 740 million euros.

Hermes CEO: the proportion of sales will rise to 20%
Chinese market contributed 30% of sales, the acquisition of a series of leather manufacturers break through capacity constrained bottleneck, 2013 words still cautious. Hermes has no rival. Its newly released 2012 annual report, last year's operating profit rose 26.4% to record a new high since the listing of the company since 1993.
Rumors GUCCI down quarter by quarter revenue is only half of the increase in LV
2012 LV revenue of about 74 billion euros, GUCCI only half; the LV High Street package "given to restore the image, by holding the GUCCI social media. As a the veteran luxury brand in China, LV and GUCCI instrumental in nurturing the Chinese luxury goods market. Ten years of hard work in the Chinese market, but also to become the most familiar luxury representatives.
To change the strategy of rapid expansion to cater to the Chinese market development GUCCI
Gucci Group's parent company PPR CEO Francois-Henri Pinault Mr. Gucci Group sales in the fourth quarter of 2012 rose sharply, but is still not sure whether the prospects for the development of 2013 optimistic. The Chinese market, there is a huge difference of the obvious like Beijing and Shanghai first-tier cities and second-tier cities of luxury consumption, and thus the Group has decided to provide entry-level products in the new market presence, and then slowly to the development of ready-to-wear and high-end accessories.
Louis Vuitton sued the small businesses infringement detonated demonstrations
The famous French fashion brand Louis Vuitton (LV), earlier broke sue small businesses infringement claims, and ultimately lead to some Hong Kong people to the LV flagship store demonstrations. LV end up under the pressure of public opinion, decided not to pursue someone's small businesses.
LV Central European market sales greatly reduced LVMH Group, said the loss of Asian their needs
LVMH Group, the parent company of Louis Vuitton (Louis Vuitton) on the 16th, Louis Vuitton sales in Europe declined, mainly due to falling demand, particularly in Asia, the needs of tourists decline. At the same time, the Chinese market downturn, there has been no signs of improvement.