On July 23, LVMH confirmed what most analysts expected and that is that luxury spending continues to cool and cool quickly. Overall revenue growth for the first six months of the year was down 1 percent, when compared with the same period in 2023, with organic growth...
On July 23, LVMH, the industry’s largest player by almost any measure, reported that overall revenue growth was up 2 percent in the first six months of 2024 when compared to the same period in 2023. The picture was much worse at industry laggard Kering, which reported...
FSW High Frequency Luxury Monitor will be batch assessing the Q2 returns a few times over the course of the season. To get us started, below find a table that shows when to expect some the major releases. We also included each ticker’s year-to-date total equity...
This year has been a wild ride for the luxury industry. At the start year, expectations were that the industry would heavily underperform the post-pandemic boom years. Expectations were that sales growth, particularly to “aspirational” consumers, would normalize....
Over the past day, markets have seen that while the post-pandemic luxury sales boom is indeed over, the industry continues to grow. First, LVMH released its Q1 2024 results today after Paris trading closed, which showed that organic revenues grew by 3 percent relative...
On April 4, Kering announced that it would be making Europe’s largest property investment in over two years by buying Via Monte Napoleone 8 in Milan from Blackstone for €1.3 billion. Despite issuing a rare warning in mid-March that Q1 revenues would be down 10 percent...
