L'Oreal Results. Antoine Fraysse-Soulier, Market Analyst at eToro

The world's number one cosmetics company increased its net profit in 2023 by 8.4%, despite persistent inflationary and geopolitical tensions. This was possible thanks to Europe, its largest market, which experienced an increase of 13.7%, and Latin America, which registered an increase of 24.4%. As throughout the luxury market, sales in China were weak, but L'Oréal fared better than its main competitor, Estée Lauder.

According to its CEO, Nicolas Hieronimus, L'Oréal is growing faster than the market "despite slow growth in China", thanks to "our ability to take advantage of growth where it is, that is, in emerging countries."

However, business volume fell short of analyst expectations, and fourth-quarter sales were slower than the previous quarter. In addition, sales activities to travelers, especially in Hainan and South Korea, could have been penalized by the repression of the parallel resale market, called Daigou, by the Chinese Government.

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A look at the intersection of luxury and cryptocurrency.

Lamborghini, known for its high-performance sports cars, has recently entered the yacht industry with the introduction of the "Tecnomar for Lamborghini" line of yachts. 

These yachts are inspired by the design and performance of Lamborghini's supercars, featuring powerful engines and luxurious interiors.

The starting price for these yachts is over €3 million, and they are equipped with advanced technology for optimal performance on the water.

In the world of cryptocurrency, Lamborghini has been associated with Bitcoin due to the trend of Bitcoin millionaires buying Lamborghinis with their cryptocurrency earnings.

Some Lamborghini dealerships, such as Lamborghini Newport Beach in California, have even started accepting Bitcoin as a form of payment. 

While Lamborghini has been associated with Bitcoin due to the trend of Bitcoin millionaires buying Lamborghinis, there is no clear evidence of a direct integration of Bitcoin in its yacht offerings.

#boat #news #kryptonews #luxury #binance
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Prestige Yachts, known for their luxury motorboats and yachts, the use of blockchain in the marine industry is gaining traction, offering benefits such as transparent transactions and secure data sharing.

While Prestige Yachts may not have a specific connection to blockchain at the moment, the potential for blockchain to revolutionize the boating industry is worth exploring.

If you're interested in the intersection of blockchain and the boating industry, it's important to stay updated on the latest developments and potential applications of this technology.

While Prestige Yachts may not currently be involved in blockchain initiatives, other companies in the marine industry are beginning to explore its potential benefits.

For the latest news and updates on Prestige Yachts, you can visit their official website and blog to stay informed about their events, new models, and other developments in the world of luxury motorboats and yachts.

#boats #luxury #yacht #kryptonews #BinanceSquare
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Hermès results. Antoine Fraysse-Soulier, Market Analyst at eToro

Hermès has just published significantly better-than-expected results, including a net profit increase of more than 27.9% in 2023, to €4.31 billion, compared to the expected €4.05 billion. In the fourth quarter, its sales recorded strong growth in all geographic regions, especially in Japan, and its operating margin exceeds that of its competitors, standing at 42% compared to 26% for LVMH and 24% for Kering, for example.

Hermès distinguishes itself from its rivals by better resisting deteriorating economic conditions, thanks to its timeless creations and rigorous production and stock management, which reinforces the exclusivity of the brand. The saddlery business recorded growth of 18.6% in its European activity (including French) during the last three months of 2023.

The results are so good for Hermès that the group is "rewarded" with an exceptional dividend of 10 euros per share, in addition to the 15 euros for fiscal year 2023.

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