After last week’s mixed bag of Q3 earnings from LVMH and Brunello Cucinelli, this week we turn attention to what will probably be another set of mixed results from Kering and Hermès. Kering is set to release its Q3 2024 earnings report on October 22 after market...
Analysts expect weak H2 results from luxury so forecasts for the Q3 earnings season, which kicked off this week, were low. So far, those expectations are not proving low enough. The industry’s giant, LVMH, which has a market capitalization greater than its six largest...
After luxury brands reported a generally poorer than expected H1 and gloomy forward guidance (with some notable exceptions), we are gearing up for the start of Q3 earnings releases next week. The newly re-branded FSW Markets will be previewing market expectations over...
According to Footwear News, Tapestry is reportedly close to selling its Stuart Weitzman brand. The sale comes as Tapestry is preparing to face the Federal Trade Commission over its attempt to stop the $8.5 billion purchase of Capri Holdings Limited. Seeking...
The decision of the FTSE Russell to relegate Burberry from the FTSE 100 to FTSE 250 index on September 5 is not a surprise. Membership in the FTSE 100 is reviewed quarterly and there are usually a change or two. One of the key criteria is market capitalization, which...
Prada Group reported strong H1 2024 results today, with revenues growing by 17 percent (at constant exchange rates), exceeding analyst expectations. Adjusted EBIT growth was up 17 percent, which was sharply lower than than 48 percent growth in H1 2023, though margins...
