Just bringing you some quick news updates from over the weekend. Many instances of positive figure-reporting coming from the luxury industry recently, and we’re happy to hear it. Looks like the good times are returning. Louis Vuitton’s figures are great for their first nine months of 2010, LVMH total sales climbing 23.6 per cent. It goes to show that its core products provide security to the brand, and also customers. Customers want something that signifies a good investment and for this, say the figures, there is nothing better than a Damier or Monogram piece from the collection.
Likewise for Burberry, the brand has experienced a 21 per cent rise in first-half revenue, largely attributed to the Chinese market, and increased coat sales in Europe. Despite a drop of over 4.1 per cent last week, Burberry shares have risen dramatically this year. Many experts have attributed this to its skilful use of digital media to increase awareness. Burberry has still to take China by storm, and looks to do so in July 2011. For more info, check out Bloomberg’s full report.
Image credit: bloomberg.com
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