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The French group’s were up 4.3 percent in afternoon trade after touching a record earlier in the day, helping to boost peers such as Gucci-owner Kering, Hermes, Burberry and Moncler. LVMH had reported forecast-beating results late on Wednesday 10k gold cufflinks. First-quarter revenue rose 16 percent to 12.5 billion euros ($14.10 billion), up 11 percent on a like-for-like basis, which strips out currency swings and the impact of acquisitions or disposals. Generally slower growth is expected when LVMH’s rivals report first-quarter numbers and the group “should stand above the peer average this year”, SocGen analysts wrote as the bank raised its rating on the company to “buy” from “hold”..
LVMH’s bullish comments about the appeal of its brands to Chinese consumers further buoyed its shares during a conference call with analysts on Thursday. “With the Chinese, the business is really moving from strength to strength,” Financial Director Jean-Jacques Guiony said of LVMH’s main profit driver Louis Vuitton, adding that it had also sold well with Japanese and U.S. clients. Guiony confirmed that Chinese customers – who still mainly buy luxury items on overseas trips and who account for more than a third of the sector’s sales – were gradually spending more on home turf, encouraged in part by government efforts to fuel consumption by cutting VAT or import duties 10k gold cufflinks.
PARIS (Reuters) – From New York’s Fifth Avenue to Paris’ Place Vendome, Louis Vuitton sells its handbags at some of the world’s swankiest locations – but the brand is increasingly betting on “pop-ups” in off-beat spots as one way to keep shoppers hooked. The label, which drives the bulk of sales and profits at French luxury group LVMH, plans to hold 100 temporary events to sell its wares this year, up from 80 last year, the conglomerate’s financial director said on Thursday 10k gold cufflinks.
“This is the privileged way and the main way to drive innovation,” Jean-Jacques Guiony told analysts after the conglomerate posted a pick-up in first-quarter sales, beating analyst forecasts. “This trend in pop-up stores is extremely important, and we will continue to develop that because it enables us to be talking in a different way to our clients .. important and it adds flexibility with our network.” 10k gold cufflinks. Vuitton’s retail shake-up comes as luxury brands experiment with ways to attract younger shoppers, who are increasingly propelling sales growth in a sector that has long been notoriously rigid in its approach, and slow to move into selling online for instance..
At the lower-end of the fashion scale, high street labels like H&M are grappling with shifting shopping habits, albeit often taking a different tack, such as sprucing up cluttered stores with a more luxurious feel. At Vuitton, recent “pop-ups” include one in London’s exclusive Mayfair neighborhood to highlight its menswear line, with a Wizard of Oz themed space featuring a yellow brick road staircase, and which shoppers had to book tickets to attend 10k gold cufflinks. With revenues of over 10 billion euros ($11.27 billion), Louis Vuitton is the world’s biggest luxury brand by sales, with privately-owned Chanel clipping at its heels, and Kering’s star brand Gucci on a mission to overtake it..