Our FSW Markets All Luxury Index was down 6 percent over the past week, following a sharp decline in LVMH after releasing its full-year 2024 earnings report on January 27. Half of the index’s 18 constituents were down as LVMH was joined by Ralph Lauren, Tapestry,...
The FSW Markets All Luxury Index closed up almost 7 percent last week. Outside of small declines from Burberry and PVH Corp., every constituent of the index was up on the week and most of them big. The biggest gainer was Kering. On Tuesday, Kering announced that its...
When scrolling the luxury news during the past few earnings seasons, it is becoming increasingly less remarkable to see the latest autopsy of a global luxury crisis followed by deep dives into the income statement of Hermès that use words like “remarkable” and...
Kering has been the sick man of the luxury for a while now. Their participation in the post-pandemic luxury top-line growth party was substantially less than that of many of its competitors (e.g., revenue growth in 2021 was 10 percentage points lower than LVMH) and...
The dispersion story continues in luxury fashion as more end-of-2024 earnings numbers roll in. Tepid results from LVMH on January 27 led to a small luxury market sell-off, but earnings numbers from Ralph Lauren and Tapestry today show that it is not all doom and...
Luxury industry earnings reports have been a bit mixed over the past week as the full year 2024 numbers rolled in. Richemont, Ferrari, and Zegna punched above analyst expectations while LVMH was sort of half hot and half cool. In the midst of these reports, investors’...
