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By category, leather goods and saddlery rose 13.3 per cent; other business sectors (including jewellery and homeware) were up 11.6 per cent; watches were up 8.8 per cent; ready-to-wear and accessories rose 6.6 per cent; and silk and textiles were up 4.1 per cent. Perfume and beauty were the exception, decreasing by 7.2 per cent. Hermès’s earnings come on the heels of the announcement of Grace Wales Bonner as the maison’s creative director of menswear, succeeding Véronique Nichanian who’s stepping down after 37 years. Asked if that will translate into a change in style, du Halgouët replied: “It is in a spirit of continuity that we welcome Grace. She shares many similarities with Véronique, notably her passion for craftsmanship, her curiosity and her contemporary vision of fashion, which are valuable assets for beginning this new chapter in men’s ready-to-wear. She will bring her own personal touch.”Officials Stitch Dad And Daughter Asshole Dad And Smartass Daughter Best Friends For Life Circle Shirt
Regarding the weakness in fragrance sales, du Halgouët cited a tough comparison basis due to last year’s launch of the Barénia perfume. Hermès is working on introducing skincare “with a launch expected around 2028”, he added. Analysts had predicted that the house’s third-quarter luxury earnings would show modest growth, buoyed by the US wealth effect and a stabilisation in China. They have proved to be right so far. LVMH’s fashion and leather goods division reported a sales decrease of 2 per cent in Q3, an improvement compared with a 9 per cent decrease in Q2. Brunello Cucinelli posted a 12 per cent increase in revenues, also accelerating from the first half of the year when sales were up 10.7 per cent. Kering is to report its Q3 earnings on Wednesday afternoon, Prada on 23 October, Moncler on 28 October, and Richemont on 14 November.
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