LVMH on Tuesday said it was “cautiously” confident about the year ahead after fourth-quarter sales held up despite fears of a slowdown in China, powered by accelerating growth in the Louis Vuitton handbag division.
SMCP has continued its run of impressive results with the owner of the Sandro, Maje and Claudie Pierlot brands saying that it saw double-digit sales growth last year with its turnover above €1bn for the first time.
Tiger of Sweden and By Malene Birger owner IC Group is selling its under-performing Saint Tropez brand to DK Company A/S and has also issued a warning that its remaining brands will be weaker than it had expected.
International tourist spending was one of the few bright spots in UK retail last month and despite one of the worst festive seasons on record, tourists’ average transaction value rose in double-digits in December.
The Smiley Company had good news this week and said that last year was strong, despite the weak retail sector. And while full 2018 results are still being prepared, the first nine months suggest a healthy final figure.