Lights and shadows: Hermès grows, Cucinelli makes +10%, down Ferragamo

Hermès grows but slows down. Even the most resilient brand has not been spared by the luxury crisis. And it raises prices in the U.S., as does Cucinelli, which, however, performed better. Moncler grows little but does better than expected. Ferragamo and Piquadro ended the year with mixed results. Hermès grows but slows down In…