Burberry, the renowned British fashion house, has recently issued its second profit warning in a span of three months. The company attributes this downturn to disappointing sales figures experienced over the Christmas holiday period. As a result, Burberry's shares have also incurred significant losses, marking a challenging time for the brand. The luxury goods market worldwide … [Read more...] about Burberry Faces Second Profit Warning Amidst Challenging Market Conditions
luxury goods
Hermès Reports Strong Q3 Sales
Luxury goods seller Hermès International has announced that its sales continued to grow during the third quarter of this year. Despite concerns about a wider slowdown in the luxury sector, the French fashion house reported a 16% increase in sales to €3.36 billion ($3.58 billion). This exceeded the predictions of five analysts polled by FactSet, who had estimated sales worth … [Read more...] about Hermès Reports Strong Q3 Sales
