Bernard Arnault did not express any concern about slowing growth at LVMH today, pointing out that its pricing power comes from product mix and pursuing a growth at all costs strategy reduces brand exclusivity. After the close of markets in Paris today, LVMH reported...
Tomorrow we will see the highly anticipated full year 2023 results for LVMH after the market’s close. With a $360 billion valuation, LVMH is by far the largest player in the highly consolidated luxury market and this release will draw broad attention. What...
Most “luxury” oriented ETFs include a wide universe of companies that many would not regard as luxury. Though what brands comprise luxury versus premium and so forth is not set in stone, many ETFs include firms such as Tesla and Nike which probably would...
While the S&P 500 hit a record high at the close of this week, luxury stocks continued to take a beating over the past five with almost the entire sector in the red. Year-to-date returns for LVMH and Kering exceed 10 percent while Hugo Boss is down close to 15...
After some mixed results at the start of the luxury earnings season from Burberry (downside surprise) and Brunello Cucinelli (upside surprise), Richemont reported today that October to December 2023 sales were up 8 percent at constant exchange rates with broad-based...
