Even though the world´s economy is trembling, for the luxury sector things are going very well. This Tuesday, LVMH group released, that this first semester´s earnings had a 52.8% jump. Bernard Arnault, president of the brands, said that the month of July was at the same speed as the first months, when they jumped 16.5%. “The numbers speak for themselves. We are very confidant for the second part of the year” he said.
* The positive results were not only for LVMH, other luxury brands are also excited with the year of 2010: the sales for Hermès international jumped 27% and Burberry registered an increase of 30.6%, both on the second quarter of the year. Is that good enough for you?
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- bernard arnault,
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