In FY23, luxury brands had a mixed performance. Hermes reported a full-year sales increase of 21 percent, reaching €13.4 billion, and net profit rising 28 percent to €4.3 billion. Hugo Boss achieved record sales of 4.2 billion euros, up 18 percent. LVMH reported revenue of 86.2 billion euros, an increase of 13 percent. However, Kering's revenue fell 4 percent to 19.6 billion euros.
Luxury giants report mixed performance in FY23
