Trends - Hermes - Business Recorder

Hermes

Walmart to Gulf Royals: world’s richest add $2trn to their wealth in 2024

The owners of US retail chain Walmart – The Walton family – topped Bloomberg’s annual ranking of the world’s...

Published 16 Dec, 2024 04:58pm

Life & Style

Hermes defies luxury slowdown, reports strong sales

PARIS: French luxury group Hermes posted Thursday a jump in third quarter sales, bucking the overall gloom in the...

Published 24 Oct, 2024 04:41pm

Life & Style

Hermes sued in antitrust class action over Birkin bag sales

French luxury house Hermes, has been sued in California over claims it unlawfully allows only customers with...

Published 21 Mar, 2024 12:21am

Life & Style

Paris Fashion Week highlights: teddies, kids and a phone ban

Paris Fashion Week, which runs until Tuesday, has seen no shortage of eye-catching moments this week. Here are a few...

Published 04 Mar, 2024 02:48pm

Life & Style

Hermes’ shares reach record high as booming sales outpace rivals

PARIS: Hermes’, opens new tab shares rose to a record high on Friday after the Birkin bag maker again outpaced its...

Published 09 Feb, 2024 02:39pm

Life & Style

‘Sports tourism, train travel’: Conde Nast Traveler identifies biggest travel trends for 2024

Scoping planes, trains and automobiles, elite travel journal Conde Nast Traveler has marked a series of new...

Updated 18 Dec, 2023 05:30pm

Life & Style

Hermès to Gulf royals: world’s richest add $1.5trn to their wealth in 2023

Al Nahyans, the rulers of Abu Dhabi, lead the way followed by the Walton family

Updated 09 Dec, 2023 08:18pm

Life & Style

Hermes sales beat expectations as US, Europe shoppers splurge on Birkin bags

PARIS: Sales at Hermes rose briskly in the third quarter, beating expectations and outshining rivals as economic...

Published 25 Oct, 2023 01:51pm

Life & Style

LVMH shares tumble, hit fashion sector as luxury giant’s sales growth slows

PARIS: LVMH’s shares slumped on Wednesday, to their lowest level since December, knocking other shares in the...

Published 11 Oct, 2023 01:53pm

Life & Style

Hermes defies luxury slowdown with strong sales

PARIS: Sales at Birkin bag maker Hermes accelerated in the second quarter, showing the resilience of global demand...

Published 28 Jul, 2023 03:40pm

Life & Style

Why China could become the luxury industry’s next sore spot

SHANGHAI/PARIS: The luxury goods industry has relied heavily on China and North America for growth in recent years,...

Published 19 Jul, 2023 01:04pm

Life & Style

Actress and singer Jane Birkin dies, France loses an ‘icon’

PARIS: British-born actress and singer Jane Birkin, a 1960s wildchild who became a beloved figure in France, has...

Published 17 Jul, 2023 12:46pm

Life & Style

Richemont sales boosted by China bounceback, shares hit record

Luxury goods group Richemont beat expectations on Friday after high demand from Chinese consumers for jewellery and...

Published 12 May, 2023 02:41pm

Life & Style

Analysis: LVMH’s caution points to Americans’ waning lust for luxury

PARIS: Luxury shoppers in the United States are curtailing purchases of high-end fashion and leather goods, LVMH’s...

Published 13 Apr, 2023 04:40pm

Perspectives

Luxury buying continues unabated: will the trend continue?

A plummeting rupee, record-high inflation, and a tight leash on imports – all brought on by depleting foreign...

Updated 31 Mar, 2023 09:12pm

Life & Style

Hermes beats forecasts on robust growth in China, U.S.

PARIS: Birkin bagmaker Hermes said that wealthy Chinese clients snapped up its products in the fourth quarter even...

Published 17 Feb, 2023 06:00pm

Technology

Hermes, NFT creator spar over ‘MetaBirkins’ in trademark trial

NEW YORK: Hermes International SCA urged a U.S. jury on Monday to find that a creator of non-fungible tokens...

Published 07 Feb, 2023 04:21pm

Life & Style

Formal shoes making comeback after years of sneaker dominance

PARIS: Once the preserve of nerds and stuffy young conservatives, loafers, moccasins and other formal shoes are...

Published 18 Jan, 2023 05:24pm

Life & Style

Affluent splash out on pricey Birkin bags but clouds loom

PARIS: Brushing off higher prices, affluent spenders are continuing to splash out on luxuries including $10,000...

Updated 21 Oct, 2022 11:46pm

Life & Style

Under a cloud of belt-tightening, Paris Fashion Week struts on

PARIS: Celebrities and international crowds have descended on the French capital, marking the fashion industry's...

Updated 01 Oct, 2022 03:31pm

Business & Finance

Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown

SHANGHAI: China's coronavirus-driven economic slowdown is proving to be a boon for Zhu Tainiqi, the Shanghai-based...

Published 28 Sep, 2022 01:39pm

Business & Finance

Sell few, make more: luxury companies' strategy paying off amid economic downturn

Wealthier consumers' savings are still being eroded by inflation, but they currently seem focused on enjoying the freedoms that have returned with the easing of COVID-19 restrictions

Published 30 Jul, 2022 04:52pm

Business & Finance

Hermes says profits up in first half

PARIS: Hermes, the French maker of luxury fashionwear, said Friday that profits rose sharply in the first six ...

Published 29 Jul, 2022 05:52pm

Business & Finance

Luxury watchmakers face soaring demand, but there isn't enough time

Production capacity, delay in release of new collections coming under discussion

Published 06 Apr, 2022 06:18pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

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