Luxury giants report mixed performance in FY23

In FY23, luxury brands saw varied performance.
Hermes reported full-year sales rise of 21 per cent, reaching €13.4 billion, and net profit rising 28 per cent to €4.3 billion.
Hugo Boss achieved record sales of €4.2 billion, up 18 per cent.
LVMH recorded €86.2 billion revenue, up 13 per cent.
However, Kering’s revenue declined 4 per cent to €19.6 billion.



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