Luxury: The Success Of The Peak Group
The Swiss luxury group has published its third quarter earnings report, which has fallen by 3% in the third quarter due to the cooling of European tourism and the decline in demand for watches in the Asia Pacific region.
As of December 31st,
Summit group
The total income in the third quarter was 2 billion 930 million euros, excluding exchange rate effect, and total revenue fell 4% year-on-year.
As the parent company of Cartier, Baume & Mercier, Dunhill and Lancel, the group has mainly benefited from brand self owned stores.
Jewelry category
The surge in performance to offset the sluggish clock sales.
In March, CEO Bernard Fornas, a joint group, resigned. The company said it would streamline its structure and lay off 350 people.
A spokesman for the group said: "the sluggish sales environment will last until the fourth quarter.
operating profit
It is also being weakened by higher and higher store rents.
The group will publish its annual results announcement in May 20th.
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French fashion brand Christian Dior ranks as the club with annual sales of 2 billion dollars.
The strong performance of Christian Dior is in sharp contrast to the loss of luxury brands such as Burberry, Prada and LV. According to relevant earnings data, the main income of these luxury brands comes from consumers in China and China, but the growth of revenue is slowing down. In recent years, the growth of Christian Dior is far ahead of these luxury brands.
According to Christian Dior's 2015 earnings report, the total revenue of the company last year was 1 billion 870 million euros, or about US $2 billion 80 million, and the turnover grew by 17.1% over the same period, and the growth rate was 7% based on the average exchange rate.
Among them, the company's annual operating profit increased by 20.6% to 240 million euros, or about 266 million 300 thousand US dollars.
In the first half of December 31, 2015, the company said its leather goods, garments, jewelry and accessories were dynamic and effective.
Among them, retail revenue increased by 15% in real terms during the 6 month period and increased by 6% at a constant exchange rate.
Meanwhile, operating profit increased by 12.5% to 135 million euros, or about 149 million US dollars.
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