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Commerce

Impressive Q1 results from LVMH, Hermes reflect potential industry comeback

May 24, 2011

 

By Rachel Lamb

lvmh-185Luxury retailers and conglomerates Moët Hennessey Louis Vuitton, Saks Fifth Avenue, Hermés and Pinault Printemps Redout displayed phenomenal earnings for the first quarter of 2011, indicating that this could be the industry's comeback year.

As shown by the results from these powerful luxury brands and companies, luxury consumers are willing to start spending again. This is also backed by research from industry analysts.

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