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Fashion United
17 hours ago
- Business
- Fashion United
Hermès reports profit dip despite sales increase in first half
Luxury group Hermès announced on Wednesday a 5 percent decrease in net profit for the first half of the year to 2.2 billion euros. This was impacted by the exceptional contribution of businesses. However, its sales increased by 7.1 percent to eight billion euros. Excluding the exceptional contribution, "net profit attributable to the group amounted to 2.5 billion euros, up 6 percent compared to the first half of 2024", according to the statement. Praising "the solid first-half results across all regions", managing director Axel Dumas, quoted in the press release, announced that Hermès will "continue to invest and recruit to perpetuate the house's success". Sales in the Americas region increased by 9.5 percent to 1.45 billion euros "in a more volatile context, driven by double-digit growth in the US". Regarding the new 15 percent customs duties for products exported to the US announced on Sunday, Dumas stated in an exchange with the press that he was "waiting for the precise rules of the game". "The latest announcements need to be refined," he said, pointing out that the rates were at 4.7 percent at the beginning of the year, to which new 10 percent customs duties were added in April. "If the 15 percent is the 10 percent plus the five percent that existed, there is no reason to increase prices," he said. Following the 10 percent customs duties imposed in April, the group increased its prices in the US by five percent. "There is another equally important issue, which is the decline of the dollar," added Dumas. "We have a dollar that has fallen a lot; that has as much impact, if not more, than customs duties," he believes. In the Asia excluding Japan region, the group's sales increased by 1.5 percent to 3.57 billion euros. "I don't see any fundamental change at the moment in the sales atmosphere in China, which remains buoyant for us," Dumas pointed out. In Japan, sales jumped by 17.6 percent to 815 million euros. In Europe, excluding France, turnover grew by 12 percent to over one billion euros, while sales in France grew by 8.7 percent to 740 million euros. At the heart of the group's business, leather goods and saddlery sales grew by 11.3 percent to 3.58 billion euros. Ready-to-wear and accessories achieved a 4.3 percent increase in turnover to 2.25 billion euros. Sales of perfumes and beauty products fell by 4.1 percent to 248 million euros, and watchmaking turnover decreased by 8.9 percent to 281 million euros. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@


Fashion United
6 days ago
- Business
- Fashion United
LVMH reports revenue and profit decline
Weaker demand for wines and spirits and fashion resulted in a decline in revenue and profit for luxury group LVMH in the first half of the year. Revenue fell by 4 percent to 39.8 billion euros, as announced by the company on Thursday in Paris. Trade tensions between key markets, the US and China, impacted demand in the wines and spirits business. The decline did ease slightly in the second quarter compared to the start of the year. However, the performance of the highest-revenue-generating fashion and leather goods division was significantly weaker than in the previous three months and fell short of analysts' expectations. Profit from recurring operations, adjusted for one-off items, fell by 15 percent to around nine billion euros in the first half of the year, exceeding the drop in revenue. However, analysts had expected an even greater decline. LVMH's net profit was 5.7 billion euros, 22 percent lower than in the same period of the previous year. LVMH's American depositary receipts, listed in New York, fell by 3 percent in an initial reaction. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@


Fashion United
16-07-2025
- Business
- Fashion United
Richemont starts financial year with sales growth
Jewellery and watch group Richemont increased sales in the first three months of the 2025/26 financial year. The important Asian market is also showing signs of stabilisation. This comes after the company, like many other luxury companies, felt the effects of a recent consumer slump in China. Between April and June, Richemont's sales increased by 3 percent to 5.41 billion euros compared to the same period last year. This roughly met average market expectations. Adjusted for currency effects, this represents an increase of 6 percent, the company announced on Wednesday. The jewellery division grew by 7 percent to 3.9 billion euros. The watch business, on the other hand, declined by 10 percent to 824 million euros. Richemont reported double-digit growth in Europe, America and the Middle East and Africa. In the Asia-Pacific region, sales remained stable at constant exchange rates. Japan, however, fell short of the high comparative figures from the same period last year. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@


Fashion United
13-06-2025
- Entertainment
- Fashion United
LOLA CASADEMUNT presents 'Rainbow,' an explosion of dazzling colour this summer
Inspired by an infinite palette of colors, "Rainbow" is a new capsule from LOLA CASADEMUNT that radiates vibrant energy to dazzle this summer. An explosion of shades that dance with each other, creating contrasts full of vitality and freshness, while irregular stripes intertwine with touches of golden lurex threads, providing a subtle and sophisticated shine. Among the collection's highlights is the rainbow- inspired multicolored shirt, also available as a maxi dress. Other highlights include multiple wardrobe staples, such as logo-inspired T-shirts and shirt and satin dresses in vibrant colors that celebrate the arrival of the summer season, such as navy blue, emerald green, and fuchsia pink, which infuse the collection with energy. Credits: LOLA CASADEMUNT "Rainbow" is a statement of intent for the season: dazzle, shine, and live in color. The mix of prints and textures makes this new collection, characterized by the essence of fluidity and lightness, a must-have for those looking to stand out next season. Credits: LOLA CASADEMUNT This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@


Fashion United
22-04-2025
- Business
- Fashion United
DHL suspends parcel shipments over 800 dollars to US
Parcel service DHL is temporarily suspending shipments to the US, according to the service's website. Starting this week, all parcels with a value of 800 dollars or more destined for consumers will no longer be collected and shipped. DHL stated that this is due to the new customs regulations. Previously, parcels with a value above 2,500 dollars required extra measures and processes. Now, this threshold has been lowered to 800 dollars. DHL indicated that the change has caused a significant increase in formal customs procedures. 'While we scale up and cope with this increase, shipments with a value above 800 US dollars - regardless of origin - may experience delays of several days. Therefore, from Monday, April 21, 2025 - until further notice - we will temporarily suspend business-to-consumer (B2C) shipments to private individuals in the US if the stated value is higher than 800 dollars,' the message on DHL's website stated. The service indicated that business-to-business (B2B) shipments above 800 dollars will still be sent as usual, but may experience delays. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@