Why Hermès Is Growing While LVMH And Gucci Decline
9:12
YouTubeCNBC
Why Hermès Is Growing While LVMH And Gucci Decline
French luxury company, Hermès, has managed to achieve the ultimate goal of luxury: keep demand high and supply low. In its Q3 2024 earnings, the company posted double digit sales and revenue growth of 11% and 14% respectively. Competitors like LVMH and Gucci owner, Kering, were in the negative. Though the company is small, comprised only of ...
882K viewsOct 27, 2024
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WATCH: LVMH is set to open major stores in China in December. Shirley Zhao reports.
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LVMH CEO Bernard Arnault receives leadership award at Yale CEO Summit
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