This week, several top fashion companies and conglomerates reported their earnings for the first half of 2023. Leading the way, LVMH raked in revenues of €42.2 billion EUR, while Hermès recorded a 25% increase in sales, with consolidated revenues of €6.7 billion EUR; and Prada Group fetched revenues of €2.23 billion EUR, up 17% from the first half of 2022. Meanwhile, Kering struck a deal to purchase 30% of Valentino from Qatari investment fund Mayhoola.Elsewhere in the industry, the CFDA ...
LVMH Reports €42.2B EUR in H1 Revenues and Kering Enters Deal for Valentino in This Week's Top Fashion News
Hypebeast - 28 Jul 2023 22:22
This week, several top fashion companies and conglomerates reported their earnings for the first half of 2023. Leading the way, LVMH raked in revenues of €42.2 billion EUR, while Hermès recorded a 25% increase in sales, with consolidated revenues of €6.7 billion EUR; and Prada Group fetched revenues of €2.23 billion EUR, up 17% from the first half of 2022. Meanwhile, Kering struck a deal to purchase 30% of Valentino from Qatari investment fund Mayhoola.Elsewhere in the industry, the CFDA ...
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