Fashion player SMCP records sales dip The owner of labels including Sandro, Maje and Claudie Pierlot has posted a 5.8% decline in reported sales for the first quarter of 2024, weighed down by slow demand in France and Asia. Revenue for the period reached €286.8m. Read more.

First-quarter revenue jumps 17% at Hermes The luxury goods business has reported a 17% surge in quarterly sales, boosted by strong growth in China. Revenue grew to €3.81bn. Read more.

Kering issues profit warning to shareholders Kering has warned that recurring operating income could drop between 40% and 45% in the first six months of this year, hurt by an 18% dip in sales at its cornerstone brand Gucci. Read more.

Full-year sales dip at Valentino Annual sales reached €1.35bn at the luxury label, down from €1.42bn a year earlier. The business also saw a 7% dip in operating profits. Read more.

Ermenegildo Zegna grows business by 8% in the first quarter The Italian group has posted sales of €463.2m in the first quarter of 2023, up 8.1%, driven by strong sales in the US and in its DTC channel. The US accounts for a quarter of Zegna's turnover. Read more.

Golden Goose reports sales growth in the first quarter Sales increased 11% to €148m at the Italian business, driven by strong demand in EMEA and the Americas. The direct-to-consumer channel saw particularly strong sales, rising 18%. Read more.