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First Quarter Financial Data Of International Brand Prada Hermes LVMH

2024/4/28 13:46:00 0

Prada Group recently released its financial data. Information shows that in the three months ended March 31, the group's sales increased by 11% to 1.18 billion euros. This compares with 1.06 billion euros in the same period last year. Revenue increased by 16% at fixed exchange rates. Driven by year-on-year and full price sales, the Group's retail sales increased by 12% to 1.07 billion euros, compared with 953 million euros in the same period last year. At a fixed exchange rate, retail sales increased by 18%. By brand, in the first quarter, Prada's retail sales increased by 7% and Miu Miu by 89%. By region, the retail sales of almost all regional markets have increased. Among them, the sales in the Asia Pacific region still increased by 10% to 396 million euros; Revenue in Europe increased by 14% to 295 million euros; The Americas increased by 4% to 181 million euros; Revenue in the Middle East increased by 15% to € 54 million. It is worth noting that thanks to local consumption and more and more tourists, Japan's sales increased by 29% to 145 million euros, and at a fixed exchange rate, Japan's sales increased by 46%.

Hermes releases financial data for the first quarter of 2024. Data shows that in the three months ended March 31, sales reached 3.81 billion euros, an increase of 17% at a fixed exchange rate. By sector, the fastest growth in this quarter was in "other sectors", including jewelry and household products, with sales growth of 24.5%; The sales of core leather products and harness business increased by 20.3%. The company plans to add four leather product workshops by 2027, one of which will be put into production this year to increase production; The revenue of ready-made clothes increased by 15.9%, while the sales of cosmetics and watches both increased slightly more than 4%. In terms of regions, all regions achieved double-digit growth, among which Japan's growth was particularly strong, with sales increasing by 25.2% at a fixed exchange rate. Although the company pointed out that the trading volume in Greater China slowed down after the Lunar New Year, the growth rate in other regions of Asia was 13.9%. Axel Dumas, CEO of Hermes, said, "The steady sales growth in the first quarter of 2024 reflects the loyalty of our global customers, the strength of the Group's manual mode and the demand of our creation in a more complex environment. Hermes' strategy is based on excellent professional knowledge, the best materials and uncompromising quality."

Recently, SMCP, a fashion group, said that its sales in the first quarter of 2024 fell 5.8%, among which the sales performance of France and Asia (especially China) was under pressure. Revenue for the three months ended March 31 totaled 286.8 million euros, an organic decrease of 5%. Regionally, sales in France fell 7.4% to 98.2 million euros. In the Asia Pacific region, sales fell 15.7% to 57.3 million euros. The United States, Canada and Mexico achieved an organic sales growth of 8.9%, reaching 42 million euros. In Europe, the Middle East and Africa outside France, sales reached 89.4 million euros, basically the same as the previous quarter. At present, SMCP Group owns Sandro, Maje, Claudie Pierlot and Fursac brands. SMCP Group said that it will continue to optimize its retail network in this quarter. It is expected to close 11 stores in Europe and North America and reduce the discount rate, which is regarded as a key measure to revitalize its business. As shown in the 2023 financial report data released in February, SMCP disclosed more details about the plan to turn losses into profits, hoping to help it recover profit growth and market share growth by 2026. Isabelle Guichot said: "In the coming months, we expect to fully benefit from our global retail network and continue to improve the performance of high potential regions.". Among them, the plan to optimize the retail network includes closing 100 stores in areas dominated by the Chinese market in the next two years. At the same time, SMCP Group plans to accelerate the expansion of wholesale business through the partnership model, and use technology to improve efficiency. From 2026, once the plan is fully implemented, SMCP hopes to return to the middle single digit sales growth with compound annual growth rate and 10% EBIT profit margin.

Recently, Moncler Group released its first quarter performance data. Data shows that the group's revenue increased by 13% to 818 million euros, compared with 726.4 million euros in the same period last year. At a fixed exchange rate, sales increased by 16%. In terms of brands, in the first quarter, the sales of Moncler brand increased by 17% to 705 million euros, while the sales in the first three months of 2023 were 604.8 million euros. At a fixed exchange rate, sales increased by 20%; Stone Island's revenue was 113 million euros, down 7% from 121.6 million euros in the same period last year, affected by the streamlining of wholesale channels. From a regional perspective, in the first three months of 2024, the revenue of Asia (including Asia Pacific, Japan and South Korea) increased by 19% to 362.6 million euros. In Europe, the Middle East and Africa, driven by tourists and local spending, the revenue increased by 14% to 246 million euros. Consumers from China, the United States and South Korea are the largest contributors to tourist purchases in the region. Revenue in the Americas increased by 14% to 96.4 million euros. In terms of channels, the wholesale channel is still the most important channel for the brand in the first three months of 2024, recording a revenue of 63.6 million euros, down 23% from the same period in 2023. DTC channel revenue was 608.5 million euros, an increase of 21% at a fixed exchange rate. The growth of this channel has improved in all three regions, with Asia and Europe, the Middle East and Africa outperforming other regions.

Recently, French fashion resale start-up Paradigme said that it had made the first round of financing with a number of investors, raising 1.2 million euros. After this round of financing, Paradigme's goal is to "establish a team, persuade more fashion brands and leading brands to cooperate with Paradigme to develop second-hand series, at the same time upgrade its technical solutions, expand the handling capacity of second-hand goods in buyers and sellers' communities, and expand the size of the organization. The goal is to increase the handling capacity by 10 times by the end of this year." Paradigme was founded by the brothers Fabien Huch é - Deniset and Vincent Huch é - Deniset. Paradigme provides consumers with the opportunity to sell second-hand clothes in exchange for gift certificates. These items were inspected and repaired (if necessary), and then sold on Paradigme. To date, Paradigme claims to have 20000 customers.

Mmchokk, a fashion accessories brand in Hong Kong, and Treff Shop, a fashion avant-garde buyer's shop, jointly created a fashion flash event about "love and peace", and brought the latest co branded series of fashion accessories to lead a new fashion lifestyle with fashion interest. This activity is another collaboration between Mmchokk and Treff Shop after jointly holding fashion and environmental protection public welfare activities. The flower art installation creativity at the activity site combines the "anti war logo" and "love" elements, and is carefully made of waste design materials. This is not only a unique artistic presentation, but also a good idea of "love and peace". As a sustainable fashion accessories brand, Mmchokk adheres to the mission of protecting the environment and animals, and provides exclusive fashion experience for its owners and pets with unique design. The brand products also use natural degradable materials that meet the EU environmental protection standards, such as synthetic leather made of recycled pineapple fiber, which is not only durable, but also safe and friendly to people and animals, and protects the earth with practical actions.

Recently, LVMH Group cooperated with the American Fashion Designers Association (CFDA) to launch the interview program "Voice Of lmpact", and talked with many leading figures in the field of fashion and luxury goods to provide multi-dimensional insights and thinking for promoting the sustainable development of the industry. It is reported that this series has a total of 6 episodes, which were broadcast on the official YouTube channel of LVMH Group and American Fashion Designers Association during the World Earth Day (April 22-26). This series is also the latest demonstration of LVMH Group's Life 360 strategy. In December 2020, LVMH Group shared the latest "Life 360" plan with 160000 employees at the "LVMH Climate Week" event.

Herm è s officially released the Herm è sistible lip lure series, which contains six different colors of lip oils, namely bright coral, spicy rose wood, bright beige, fresh rose, bright purple and bright vermilion. It was mentioned in the official statement that each Herm è sistible lip decoy series has its own fragrance, and each flavor is blended with precious high concentration sandalwood essence (up to 8%), which can be called "liquid gold", to balance the fruit fragrance. The keynote composed of sandalwood and arnica carries six kinds of fragrance and colorful perceptual expression. The formula of Herm è sistible lip lure series contains 97% natural ingredients, and the compound ingredients with water locking effect can keep your lips moist for a long time. In addition, Pierre Hardy, the designer of Herm è s beauty products and creative director of Herm è s shoes and jewelry department, personally created a new package for Herm è s sistable lip lure series, echoing the unique and fresh concept of the series with fresh design.

Recently, Uniqlo and Finnish design brand Marimekko jointly launched the 2024 summer cooperation series. Inspired by a summer picnic full of natural fun, this collection incorporates Marimekko's bold and eye-catching art prints into Uniqlo's simple and comfortable clothes. The Uniqlo x Marimekko 2024 Summer Cooperation Collection uses six summer inspired prints designed by four well-known Marimekko designers. Melooni (melon) designed by Maija Isola combines abstract natural patterns, and Ruukku (potted flower) depicts blooming flowers. Asema (station) designed by Pentti Rinta is simple and lively, while Lirin ä (gurgling water) reminds people of summer ocean. Demeter (Goddess of Grain) designed by Katsuji Wakisaka is a small and lovely flower pattern, while Galleria (Gallery) designed by Vuokko Eskolin Nurmesniemi is a simple and bright stripe pattern. The Uniqlo x Marimekko 2024 Summer Cooperation Series will be launched on May 10 (Friday) at Uniqlo offline physical stores, handheld Uniqlo, and the official flagship store of Uniqlo Tmall.

With the "520" coming, Lanvin and global spokesperson Cheng Yi presented the new 520 limited capsule series blockbuster. The romantic patterns of the new series are graceful and interesting, and the candy colors reveal sweet breath. Cheng Yi interprets the new Lanvin520 limited capsule series in a comfortable manner, and in this bright spring and summer, it exudes an exciting fresh charm. Lanvin's new 520 limited capsule series presents a new printing pattern. The design inspiration comes from the spread of sweet drink packaging, which gives the double imagination of love color and taste. The brand new red Lanvin logo reflects the hearty red heart. The bright and colorful love particles create a pleasant atmosphere like candy, forming a tacit echo with the eye-catching word Love, and depicting the endless possibilities of love. Lanvin's brand new 520 limited series pink Sequence Clutch handbag is a vivid romantic charm. The cylinder metal ornaments of different lengths are like notes of different lengths, which elegantly compose the heart movement of love and witness the free spread of love.

On April 9, the public welfare science popularization activity of "2024 Beautiful and Colorful Chinese Dream, Scientific Skin Care and Health Walk", sponsored by the Population Culture Development Center of the National Health Commission and undertaken by the Chinese skin care brand Guyu, was officially launched in the Medical Department of Peking University. Heads of relevant units of the National Health Commission, medical experts, enterprise representatives, university teachers and students, and media representatives jointly participated in the activity.

Lin Yuting, co-founder of Guyu brand, expressed his expectations for this public science popularization activity in his speech. He mentioned that "scientific skin care" and "healthy skin care" have always been Gu Yu's ideas. The skin quality of the Chinese people is unique, which determines that the Chinese people cannot 100% copy the European and American ways in skin care. It is the original intention of "scientific skin care" and "healthy skin care" that we advocate today to help more people start from developing healthy living habits, master our own scientific skin care methods, start from ourselves, and lead the convergence of beauty and health. Gu Yu has also been working hard to implement corporate social responsibility. The public welfare activity of "2024 Beautiful and Colorful Chinese Dream, Scientific Skin Care and Health Walk" is the beginning today, and we will continue to go forward in the future.

Freitag launched a new reusable Mono [PA6] backpack. Mono [PA6] backpack is not only fully functional, durable and splash proof, but also fully recyclable and recyclable. From fabric materials, zippers to buckles, this backpack is made of only one material, so it can easily be completely recycled at the end of its service life. The backpack can be returned to Zurich through Freitag recycling service, and then sent to Rapperswil Institute of Materials Engineering and Plastic Processing (IWK) near Zurich. This research and recycling partner will crush the backpack as a whole and process it into PA6 particles, which can be used again to make new items, such as new backpack parts. Mono [PA6] backpacks will be sold in Zurich flagship stores, Tokyo Shibuya, Freitag stores in Shanghai and Seoul, select concept stores and freitag.ch online from April 24, 2024.