Read Fashion Luxury News & Analysis Here | Business of Fashion
Oct 9, 2024 · Bernard Arnault’s net worth soared Thursday to $201 billion and shares of LVMH jumped by 9.9 percent on bets that stimulus measures from China would revive the nation’s appetite for luxury goods. 27 September 2024. Read a wide range of Luxury news and analysis here from the editorial team at Business of Fashion.
Shares of Luxury Brands Are Tumbling in a Sign Consumers’ High …
Oct 16, 2023 · Shares of the European luxury giant have fallen about 20 percent over the past six months, and according to Bloomberg, LVMH has led a sell-off that’s erased $245 billion in value from Europe’s seven biggest luxury firms in that time. “Today’s news that LVMH’s revenue growth has slowed dramatically likely marks the end of a global ...
How Luxury Brands Are Raising the Stakes on Instagram
By. Reuters. 16 June 2019. PARIS, France — Big-spending luxury brands like Gucci, Louis Vuitton and Christian Dior are splashing out on everything from dance-fuelled fashion shows to teams of advisers as they target social media platforms in the hunt for young shoppers. Without the entry barriers of magazine advertising — where a one page ...
China Sales of Luxury Goods Grew 36% in 2021, Bain Estimates
Jan 20, 2022 · Domestic sales of luxury goods reached 471 billion yuan ($74.24 billion), a near doubling in two years, according to Bain & Company’s annual “China Luxury Report 2021″, released Thursday. Performance varied markedly in 2021, with some luxury brands seeing as little as 10 percent growth in China, while others enjoyed growth rates above 70 ...
A Perspective for the Luxury-Goods Industry During — and After …
Apr 2, 2020 · News & Analysis. A Perspective for the Luxury-Goods Industry During — and After — the Coronavirus. By. Aminah Khan. 02 April 2020. "Luxury-goods companies should plan for the recovery, and shape the future." See all comments.
China Should Brace for Higher Luxury Goods Taxes, Analysts Say
Oct 20, 2021 · China’s consumption tax, with rates below 20 percent for most products, currently covers goods including tobacco, liquor, watches and luxury cars, and accounts for about 9 percent of overall tax revenue, according to CICC. The investment bank’s analysts also expect authorities to move the collection of consumption tax from production to ...
Read Leather Goods Fashion News & Analysis Here | Business of …
Dec 12, 2023 · Luxury Case Study | Inside Hermès’ Best-in-Class Leather Goods Strategy. How a unique approach to supply chain, design, communications and retail has powered blockbuster demand for iconic bags like the Birkin and Kelly, enabling the French leather goods house to face down rivals and become a global megabrand with a market capitalisation greater than Nike’s.
Luxury Bets on ‘India’s Silicon Valley’ - The Business of Fashion
Feb 6, 2024 · India is touted as a “rising star” for the global luxury goods industry, with spending by Indian consumers expected to hit €25 to €30 billion ($26.8 to 32.2 billion) by 2030, up from less than €8 billion in 2022, according to Bain & Company. Urban markets like Bengaluru are key to harnessing that growth potential.
Vietnam: Luxury’s Next Goldmine? | BoF - The Business of Fashion
Dec 2, 2019 · According to BCG, 16 percent of Vietnam’s population will be affluent by 2030, compared with 5 percent in 2018. The consultancy firm defines affluence as the “purchasing power and intent to sharply increase their acquisition of a wide variety of premium and luxury goods and services.”. Enter Vietnam’s new luxury consumers.
Kering Stock Rating Cut to ‘Sell’ as Goldman Doubts Luxury Rally
Oct 1, 2024 · Luxury. Kering Stock Rating Cut to ‘Sell’ as Goldman Doubts Luxury Rally. Goldman Sachs analysts warn that last week’s rally in luxury-goods stocks, spurred by China’s stimulus measures, is built on shaky ground. Despite last week’s gains, a Goldman Sachs basket of European luxury goods makers remains down 16 percent since reaching a ...