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Luxury brands report robust sales growth in Q3 2023

14 Dec '23
5 min read
Pic: Heorshe - stock.adobe.com
Pic: Heorshe - stock.adobe.com

Insights

  • In Q3 2023, 3 luxury brands reported strong sales growth.
  • Hermès International's revenue grew 22 per cent to €10.06 billion, with sales up 16 per cent to €3.37 billion.
  • Hugo Boss saw a 15 per cent rise in sales to €1.03 billion, and LVMH reported a 14 per cent organic revenue growth.
  • In contrast, Kering SA experienced a downturn with a 13 per cent decline.
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