French luxury goods giant Kering has released its annual financial figures for the 2021 fiscal year. In fiscal 2021, group revenue increased significantly by 35% to 17.645 billion euros, an increase of 13% compared to 2019. In addition, French luxury brand Hermès (Hermes) will also release performance data this week. At the performance briefing, the issue of price adjustment will become the focus of investors’ attention.

This Tuesday, French luxury brand Louis Vuitton (Louis Vuitton) has officially announced that based on the overall planning of the company’s pricing strategy, the brand will adjust the prices of some products from February 16, 2022 to adapt to changes in the international business environment.

Analysts at the securities department of BNP Paribas said the overall price of Louis Vuitton rose by about 7% worldwide, and the price of leather products rose by about 8%. Among them, the price of popular handbags like Coussin, Neverfull and Capucines increased by 20-25%.

In addition, the price gap between Louis Vuitton in Europe and China remained relatively unchanged, averaging 41%, compared to 40% previously. Luxury groups often make adjustments on the grounds of reducing price differences between regions.

After a series of price hikes in 2021 and …

The new leather workshops will be located in the Riom Limagne and Volcans regions in the Auvergne region of central France.

Hermès Kelly bag

French luxury goods group Hermès announced that it plans to open a leather goods workshop in Auvergne, France in 2025, which will create 250 jobs and lay the foundation for future expansion of handbag production.

The new leather workshops will be located in the Riom Limagne and Volcans regions in the Auvergne region of central France. Hermès will partner with French employment agency Pôle emploi to recruit artisans locally for the new workshop, and will begin training new employees at a temporary venue in Riom in November.

Hermès also owns a 20-year-old workshop in the Auvergne region, Maroquinerie de Sayat, which, together with the new leather workshop, will form the seventh leather manufacturing center of the Hermès group, which will eventually house more than 500 artisans.

Driven by strong demand in Asia, Hermès has added nine new leather workshops in the past 10 years, employing more than 2,500 artisans. Now the total number of Hermès leather workers has exceeded 3,800.

Earlier this month, Hermès also announced plans to build a new leather goods workshop in Normandy, …

On January 24, following the successful launch of the new pilot watch series, Swiss watchmaker Schaffhausen “IWC – IWC” and brand ambassador Gu Ailing released a new pilot series advertising blockbuster.

Hermès Kelly bag

Gu Ailing, who is only 18 years old, can be called a “wizard”. She is not only a rookie freestyle skier and a darling of the fashion model industry, but also a smug prospective college student. By actively speaking, she hopes to promote the development of skiing, inspire and Inspiring young generations around the world to contribute.

In the new advertising blockbuster, Gu Ailing wears the IWC Pilot’s Chronograph 41 (Model: IW388102), vividly showing the multi-faceted power of today’s young people. The appearance is the home court, and their time has come.

As a leader in pilot watches, IWC has always focused on the engineering design of pilot watches, meeting the functional requirements and specific needs of professional pilots with outstanding innovation and superb skills. With its iconic and highly contemporary design, the IWC Pilot’s Watch is now the perfect choice for athletes, fashionistas and younger generations like Gu Ailing.

IWC Chief Marketing Officer “Franziska Gsell – Fan Sijia” said: “Gu Ailing is the youngest brand …