Feb 11, 2025
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...
Feb 6, 2025
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...
Feb 5, 2025
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’...
Jan 27, 2025
The FSW Markets All Luxury Index is up over 14 percent this year. This compares with a nearly 10 percent decline in 2024. Fifteen of the index’s eighteen constituents are up, led by Richemont (up around 25 percent YTD) after their strong Q3 report, Burberry (up around...
Jan 20, 2025
The start of the year looks, for a potentially brief moment, like a reboot for luxury after some strong earnings releases from Brunello Cucinelli and Richemont over the past week. The sour mood surrounding the retail luxury industry, particularly luxury fashion, for...
