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Hermès, Mercedes, Brunello Cucinelli and luxury SUVs – News briefsBy
Hermès completes purchase of watch dial maker
Hermès International completed acquisition of the entire share capital of its supplier, Natéber SA, a high-end watch dial manufacturer based in Switzerland.
Click here to read the entire story on WWD
Daimler profit unexpectedly rises on Mercedes-Benz demand
Daimler AG reported an unexpected increase in first-quarter profit as record deliveries of Mercedes-Benz cars helped offset higher spending for model introductions and a new factory.
Click here to read the entire story on Business Week
Cucinelli’s stellar debut seen boosting Italy IPO appeal
Italian cashmere specialist Brunello Cucinelli made a sparkling market debut in Milan on Friday, buoyed by strong demand for European luxury goods stocks that have shrugged off double-dip recessions on the continent.
Click here to read the entire story on Reuters
New keys to the middle kingdom: Luxury SUVs
Chinese consumers will buy an estimated 310,000 luxury SUVs this year – spending, on average, more than $80,000 a pop – according to forecasting group LMC Automotive.
Click here to read the entire story on WSJ
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