For the top names in luxury fashion, the pandemic doldrums appear to be firmly behind them—except in Europe, that is.Hermès today posted stellar first-quarter results (pdf) with sales growing above pre-pandemic levels. It adds to a series of strong performances from top names in luxury fashion including LVMH, the mega-conglomerate that owns labels such as Louis Vuitton and Christian Dior, and Kering, which owns Gucci, Saint Laurent, and others. “This is a confirmation of a buoyant luxury goods demand environment worldwide, and a sharp V-shaped exit out of the Covid-19 pandemic,” Bernstein, an investment firm, said in a note to clients about Hermès’s earnings today.The recovery hasn’t happene
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