Luxury Brands Refuse To Predict The Future


	Luxury Brands Refuse To Predict The Future

Lauren Sherman

3-27-2009 9:53 AM

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tags:

luxury industry, recession, hermes

Lauren Sherman says:

Even luxury brands that have fared well during the recession are hesitant to forecast sales for the end of 2009 or 2010. Check out our latest coverage on the luxury industry: http://www.forbes.com/2009/03/19/hermes-lvmh-ppr-markets-equity-luxury.html

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/de64cbc0-ee80-461e-9fc9-465263f1f0d6/776C1B5D-CED2-4FE8-B095-2DA269A466C4/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.iht.com/articles/2009/03/25/business/luxury.php" href="http://www.iht.com/articles/2009/03/25/business/luxury.php" style="font-size: 11px;">www.iht.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.iht.com/articles/2009/03/25/business/luxury.php"><P><STRONG><A href="#" title="Click to view map" id="articleLocation">NEW DELHI</A>:</STRONG> A number of luxury brands have weathered the global economic crisis surprisingly well, but a sense of uncertainty about the future is haunting the sector, industry executives say.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.iht.com/articles/2009/03/25/business/luxury.php"><P>"We have absolutely no visibility into 2009," Christian Blanckaert, executive vice president at Hermès International, said Wednesday. "We are talking only month to month."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.iht.com/articles/2009/03/25/business/luxury.php"><P>Hermès has continued to grow despite the economic downturn. This month, it cheered investors with better than expected annual results and even raised its dividend slightly. The company has been buoyed in particular by sales of leather handbags.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.iht.com/articles/2009/03/25/business/luxury.php"><P>Other luxury companies that have recently reported better than expected growth include Burberry, LVMH Moët Hennessy Louis Vuitton and PPR, the French company that owns a stable of storied brands like Gucci and Yves Saint Laurent.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/776C1B5D-CED2-4FE8-B095-2DA269A466C4/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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