As prices have tumbled from February highs, shares in listed luxury companies have all the charm of an excellent investment opportunity, with the added appeal of a pandemic-proof balance sheet.
Articles on the subject: Economy
Swiss watch exports have increased for the fourth consecutive month. In August, shipments grew to CHF 1.4 billion in value, a year-on-year increase of 4.2%.
Continued growth suggests Swiss watch exports will soon be on an even keel.
The recovery of watch industry exports continued with a positive trend in June. The value of products crossing the Swiss border stood at 1.7 billion francs, 5.3% higher than in June 2016. This increase follows the good result posted one month previously.
Half-year results make for positive reading, with net income up by 6.8%. The first half of 2017 has shown "accelerated growth" for all the group's brands.
The months go by and not a single cloud darkens Hermès' growth prospects. Sales increased 7.5% in 2016, and the Parisian firm recorded a further 13.5% rise in this year's first quarter. Only its watch business is struggling to keep pace.