Champagne popping again in luxury business

As the owner of Gucci, Yves Saint Laurent and Puma - French luxury goods giant PPR - on Friday joined a string of high-end brands reporting ballooning 2010 profits, firms and consultants predicted rosy days ahead for luxury goods.. fashion accessories are decorative items that supplement one's garment, such as fashion jewellery, gloves and tights.Je"The recession's starting to look like an old memory for the luxury industry," said analyst Matthew Curtin, quoted by Dow Jones Newswires.
PPR chief executive Fracois-Henri Pinault, whose son is married to film star Salma Hayek, said of the group's doubled first half net profits, "very good results ... in an economic environment that remains hesitant.""There's a new perception of luxury, a more discreet sophisticated luxury where notions of heritage and craft play a big role," he added.We were expecting good results from LVMH but not that good. It was a good surprise," Isabelle Ardon,. Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,womens accessories,jewellery rings,gold jewellery,women's jewellery.You can wholesale jewellery. of specialist luxury investment fund SG Actions Luxe, told AFP.
While luxury goods sales slumped eight percent overall last year (though some big names weathered the storm), even smaller brands such as Hermes (22.8 per cent sales increase), Burberry and the world's top high-end watch firm Luxottica are seeing burgeoning orders this year.. The idea that a small Necklace is dangerous to patients is at best absurd.
Specialist consultants Bain&Company said that last year's slide, first noted when Christmas sales crashed in the United States, had been offset by continuing demand from Asia, notably from China's growing monied class.Worst hit last year were wines and spirits, as well as watches and jewellery.
But the Remy Cointreau champagne and cognac group was back in the black in the first quarter of 2010,The chanel jewelry is one of the hottest brands among the Hollywood elite. with sales up 21.3 per cent against a drop of 7.5 per cent in 2009. And bottles of Laurent Perrier champagne are popping at pre-crisis levels again.
In Switzerland, watch exprts gained 35 per cent in June, largely due to a 40 perc ent hike in high-end watches.Luxury supremos nonetheless remain quietly cautious, mindful of new tremors on the financial horizon.LVMH chief Bernard Arnault offered no set forecast for the coming months but given the group's return to pre-crisis figures in all branches, he said he was "very confident" about the future.
Consultant Ardon said brands such as Louis Vuitton or Hermes that control distribution had sailed more calmly through the troubled waters of the crisis, while products such as champagne or watches, often sold by other retailers, had fared less well as these firms got rid of stocks.