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Hermès leapfrged lvmh to become the world’s luxury company, after sharing in Louis Vuitton owners have fallen in the back of the first result.
In the morning with the luxury sections of the luxury sector several dots, stocks in Paris – specified lvmh Lower 7.5 percent, send the market value of the group down to € 245.4bn.
Shares in hermès, birkin and Kelly bags manufacturers, only 0.4 percent, provide market value € 247BN.
The luxury industry has struggling in a medium-level consumer fighting and combined factor by Donald Trump War.
The first quarter of Lvmh’s first quarter, was released that the sale of its essential fashion level and its leather falls 5 percent from the growth of 1 percent.
By contrast, HermesWealthy customers base, the distant, the distinction is carefully accumulated and strongly controlled production has made it slow down the time better than its competitors.
However, other luxurious cores was hit on Tuesday, with Prada falls 4.2 percent and Wipe Decreased by 1.4 percent. Shares in L’Oréal and Puig also dropped after the lvmh results recommended in beauty.
Hermès closed the gap at market value to Lvmh. Its customers get ready to sit in a monthly waiting list, sometimes years, to put their hands on Kelly’s bag of € 1,000. Hermès bags usually take higher prices in the resale market.
That the exception is reflected in the assessment of the company. The trade in Hermès in 50 times the next income, more than more than any other luxury names.
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Lvmh’s Administrator and President of the LVMH is a group of Bernard
Hermes, on the other hand, still a single brand group. In 2010, the mysterious arment was supported by the company, in the hope of bringing it into his stable, just with his advancement board.
The disruption in the wider luxury industry when Trump has launched « Customs » Reffiprocal « In many partnerships of the trading partners, the movement was decided and shaking the Consumer’s Consumer’s confidence confidence.
At the beginning of the month, the President of the United States announced 20 percent calls on the imported goods from EU. In later, the rate of 10 percent as part of a 90-day temporarily at the highest tariffs. The United States and China tariffs are higher than 100 percent, raise fear worldwide.
Tariffs, which are more expectations than Bernstein and HSBC last week to interpret their expectations in the second half of the year.
Thomasup analyst says due to economic uncertainty produced by creating a reliable « and in quarterly in the quarters.
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