Hermes a Big Winner in China

Hermes a Big Winner in China

Global trade tensions may have sapped growth for many firms, but luxury handbag maker Hermes said Tuesday it posted a double-digit rise in second quarter sales thanks in part to China. For the months of April through June the firm recorded a 14.7 percent increase in sales to 1.67 billion euros ($1.87 billion), beating the […]

Hermes Conquers China

Hermes Conquers China

French fashion house Hermes reported Wednesday another quarter of brisk sales growth, propelled by red-hot demand in China, where the ultrachic brand expects further growth as it opens stores and rolls out online sales. The company said sales in the third quarter climbed 9.4 percent to 1.46 billion euros ($1.68 billion), racking up higher sales […]

Hermes Birkin Handbag Hammers for $380,000 at Christie’s HK

Hermes Birkin Handbag Hammers for $380,000 at Christie’s HK

Hermes Birkin Handbag Hammers for $380,000 at Christie’s HK Christie’s announced a luxury handbag has shattered the world auction record in Hong Kong. The UK auction house did not identify the buyer of the matte White Crocodile skin Hermes Birkin bag with 18 karat Gold and Diamond hardware at Wednesday’s sale.  It fetched 2.94-M Hong […]

Hermes (HRMS:PA) Record Profits Signal Recovery in Luxury Sector

Hermes (HRMS:PA) Record Profits Signal Recovery in Luxury Sector

Hermes (HRMS:PA) Record Profits Signal Recovery in Luxury Sector French luxury goods group Hermes (HRMS.PA) said it started this year on a solid ground after announcing record Y 2016 profits Wednesday, providing further evidence of a broader recovery in the luxury goods industry. Hermes, known for its $10,000 Birkin bags and $400 printed silk scarves, […]

Top 10 Hotels in Egypt

Top 10 Hotels in Egypt

Top 10 Hotels in Egypt The Nile Ritz-Carlton Set in the heart of downtown, between the Nile and the iconic Tahrir square, experience Cairo like never before at The Nile Ritz-Carlton. Discover gracious spaces and enjoy exclusive views of the river Nile and the Egyptian Museum from the rooms and suites. The luxury guest room […]

6 Most Expensive Clothing Brands Globally

6 Most Expensive Clothing Brands Globally

#1 Louis Vuitton – $28.8 Billion The Louis Vuitton brand and the LV monogram are among the world’s most valuable brands established in 1854. According to a Millward Brown 2010 study, Louis Vuitton was then the world’s 19th most valuable brand and was estimated to be worth over US$19 billion. For six consecutive years, Louis […]

Dow Jones Industrial Average (.DJI) edge higher after Asia gains

Dow Jones Industrial Average (.DJI) edge higher after Asia gains

Dow Jones Industrial Average (.DJI) edge higher after Asia gains Global stocks advanced to kick off a week filled with potentially significant catalysts from central bank meetings, geopolitical developments and economic data. Treasuries edged lower. The Stoxx Europe 600 climbed, led higher by miners and lenders as Deutsche Bank AG and Commerzbank AG jumped after […]

Ferrari’s (NYSE:RACE) Keys to Marketing Success

Ferrari’s (NYSE:RACE) Keys to Marketing Success

$RACE In this column over the recent past, I have reported on Ferrari’s very strong profit margins, which average about 80,000/car. Ferrari is alone in the automotive world, as it reports adjusted earnings before interest, taxes, depreciation and amortization in the 25% to 30% range. These margins have been achieved by branding Ferrari as a […]

Ferrari (NYSE:RACE)Defies Trade Concern to Top European Autos Index

Ferrari (NYSE:RACE)Defies Trade Concern to Top European Autos Index

$RACE The automotive sector is 1 of the worst-performing stock segments in Europe YTD, but Ferrari defies such concerns. There have been just 2 places to hide from President Donald Trump’s trade dispute: the iconic Italian Supercar producer Ferrari (NYSE:RACE) and Peugeot and Citroen manufacturer PSA Group that has no exposure to the US market. […]

Ferrari (NYSE:RACE) Has Big Plans for Its Future

Ferrari (NYSE:RACE) Has Big Plans for Its Future

Ferrari (NYSE:RACE) Has Big Plans for Its Future $RACE Ferrari’s (NYSE:RACE) new CEO, Louis Camilleri, unveiled a new business plan on 18 September that includes reviving iconic models and embedding in them its F1 technology. Thus, significantly expanding Ferrari’s electric-gasoline hybrid powertrain offering and affirming plans to introduce a FUV (utility vehicle) that conforms to […]

China Luxury Sales Rebound as Millennials Spend

China Luxury Sales Rebound as Millennials Spend

China Luxury Sales Rebound as Millennials Spend $LVMUY, $PPRUY, $BBRYF  China’s luxury goods market is back in fashion A new China is emerging with new consumers that were not there 5 years ago that have different profiles, different expectations and different tastes. Domestic sales of Gucci handbags to Chanel cosmetics, sluggish in China for years, […]

Aston Martin Plans to “Go Public”, the Problem, ‘Britishness’

Aston Martin Plans to “Go Public”, the Problem, ‘Britishness’

Aston Martin Plans to “Go Public”, the Problem, ‘Britishness’ $RACE, $VLKAY Aston Martin is mulling a IPO to enter the public markets in search of capital, but the firm’s valuation and brand are no way near Ferrari’s (NYSE:RACE). The British luxury carmaker and its Italian and Kuwaiti owners may consider floating shares in Y 2018.  The […]

Ferrari (NYSE:RACE) Not Tesla is a Money Making Supercar Maker

Ferrari (NYSE:RACE) Not Tesla is a Money Making Supercar Maker

Ferrari (NYSE:RACE) Not Tesla is a Money Making Supercar Maker $RACE, $TSLA, $FCAU Last week Tesla earnings (none) were one of the big stories in the auto industry. As usual, the EV maker made No money, but the “spun” news sent the market, analysts, and Tesla “lovers” into a frenzy, what hype. But another company, Ferrari […]

Saks Fifth Avenue Unveils Glam Gardens 2017

Saks Fifth Avenue Unveils Glam Gardens 2017

Saks Fifth Avenue Unveils Glam Gardens 2017 Saks Fifth Avenue debuted The Grand Garden Party, the third annual “Glam Gardens,” spring celebration of the retailer’s top beauty partners. Created exclusively for the Fifth Avenue flagship windows, exquisite botanical scenes depicting the theme were unveiled today. For the second year, Mastercard® presents the program, which includes […]

Ferrari’s (NYSE:RACE) Jefferies Analysts Reaffirm “Buy” Rating

Ferrari’s (NYSE:RACE) Jefferies Analysts Reaffirm “Buy” Rating

Ferrari’s (NYSE:RACE) Jefferies Analysts Reaffirm “Buy” Rating $RACE Again Wednesday, I am taking about a favorite of mine and HeffX-LTN’s Ferrari NV (NYSE:RACE) that we have been following since pre-IPO in October 2105. Jefferies picked Ferrari to outperform the rest of the stock market by growing its profits at 2X the rate it grows its sales […]

The World’s #1 Luxury Purchase: Ferrari (NYSE:RACE)

The World’s #1 Luxury Purchase: Ferrari (NYSE:RACE)

The World’s #1 Luxury Purchase: Ferrari (NYSE:RACE) $RACE A Ferrari (NYSE:RACE) car is a luxury purchase, they are expensive, exclusive, and there is a waiting lists to get a new one, and on the Special Edition cars Ferrari has conditions for purchase, it governs the demand. The iconic Italian super and hypersuper carmaker keeps its Prancing […]

Wall Street Upgrading Ferrari (NYSE:RACE) Stock

Wall Street Upgrading Ferrari (NYSE:RACE) Stock

Wall Street Upgrading Ferrari (NYSE:RACE) Stock $RACE, $F, $GM Wall Street analysts upgrade stocks daily, they upgrade some, downgrade some, and initiate coverage on some. I cover them daily in this column. Thursday, I am taking about a favorite of mine and HeffX-LTN’s Ferrari NV (NYSE:RACE) that we have been following since pre-IPO in October 2105 […]

Ferrari (NYSE:RACE) HyperSupercar Production Drives Record Profits

Ferrari (NYSE:RACE) HyperSupercar Production Drives Record Profits

Ferrari (NYSE:RACE) HyperSupercar Production Drives Record Profits $RACE, $FCAU Ferrari (NYSE:RACE) projects profit spike of at least 8% in Y 2017 with more Special Edition SuperCars like the $2.1-M LaFerrari Aperta, which boosted revenue and earnings to record highs in Y 2016. Ferrari’s shares to all time highs last week marking 65.12 on Friday, 2 […]

Ferrari’s (NYSE:RACE) LaFerrari Aperta “Sold Out” Before Debut

Ferrari’s (NYSE:RACE) LaFerrari Aperta “Sold Out” Before Debut

Ferrari’s (NYSE:RACE) LaFerrari Aperta “Sold Out” Before Debut $RACE, $FCAU Ferrari (NYSE:RACE) sold out its $2.1-M open-top version of the LaFerrari Supercar before its public debut, underscoring the iconic marque’s allure, Ferrari is a former unit of Fiat Chrysler Automobiles (NYSE:FCAU). That Supercar went on display at the Paris Motor Show Thursday. At 1 end […]

Ferrari’s Supercars Driving Record Breaking Earnings

Ferrari’s Supercars Driving Record Breaking Earnings

Ferrari’s Supercars Driving Record Breaking Earnings $RACE Iconic Italian automaker Ferrari, NV (NYSE:RACE) posted better-than-expected Quarterly numbers last Tuesday, helped by strong demand for its Supercars from Europe and China and margins strengthened by Special Edition and Tailor Made examples. The business that was spun off from Fiat Chrysler Automobiles (NYSE:FCAU), confirmed its full-year revenue […]

PETA’s Protest, Buy Shares In Luxury Goods Makers

PETA’s Protest, Buy Shares In Luxury Goods Makers

PETA’s Protest, Buy Shares In Luxury Goods Makers $PRDSY, $LVMUY PETA is officially Prada’s (OTCMKT:PRDSY) latest shareholder and they are already pushing for some big changes. The US animal rights organization, also known as People for the Ethical Treatment of Animals, is staging a series of protests against the luxury brand’s use of fur, saying […]

Ferrari’s (NYSE:RACE) New Board Made Up Of Luxury Brand Experts

Ferrari’s (NYSE:RACE) New Board Made Up Of Luxury Brand Experts

Ferrari’s (NYSE:RACE) New Board Made Up Of Luxury Brand Experts $RACE, $FCAU Ferrari’s long-term prospects look even more exciting on the back of Ferrari’s best year ever with record sales and a 9.4% increase in net income. Ferrari NV’s (NYSE:RACE) ambition to compete with luxury-goods brands like Hermes or Prada is make headway in the […]