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...But the surprising thing about this crop of luxury sales is just how resilient many brands are proving to be. It is not hard to see why the market is minded to nitpick....
...While the global luxury market has been slowing for the past year after a multiyear pandemic boom, other groups have fared better in the transition....
...Hermès is one of the most reliable performers in the luxury sector, with its high-end clientele and demand for key products outstripping supply and helping it to defy downturns....
...France’s luxury sector, which also includes LVMH rivals Hermès, Chanel and Gucci owner Kering, accounted for just under 12 per cent of French exports in 2023, according to luxury industry association Comité...
...The sector-specific Stoxx Luxury 10, which has outperformed the broader market for much of this year, rose 2.5 per cent....
...China’s second-hand luxury market is booming....
...Crevoiserat: We love a competitive market, and we’re performing....
...With coveted watches ranging in price from $5,000 to more than $100,000, Rolex has had the market clout, product quality and branding to do so....
...Tom Chapman, who was a co-founder of Matchesfashion, says that the initial concept was for a highly curated online shopping experience, rather than the broad-based market for designer products that it became...
...role of signalling in the South Korean luxury car market....
...Consumers in luxury like well-known brands even across otherwise commodified products. This dispute is heralded as a bellwether, but fashion may prove to be a unique sub-market. sujeet.indap@ft.com...
...Can the UK become a more competitive manufacturing location for luxury fashion brands?...
...Consultancy Bain expects the market for personal luxury goods to grow 1 to 4 per cent in 2024, down from an estimated 8 to 10 per cent in 2023....
...But another local consumer trend — the growing demand for premium products — is encouraging for luxury goods and service providers....
...“But, just like a lipstick, they are a more affordable way to own a product from Dior or Chanel.”...
...Analysts expect the luxury market will slow this year after several years of record growth and profits, with the trajectories of the strongest brands increasingly diverging from their weaker peers....
...market....
...Kering: Shares in the French luxury goods company fell 8.2 per cent after it announced a sharp drop in expected operating profit, related to market conditions in China, for the first half of 2024 compared...
...That is the drawback of mass luxury: your products eventually end up in many hands. There is no avoiding it in a liquid secondary market, even if stores are tightly controlled....
...As the luxury market slows from several years of record sales growth and profits, the fortunes of the sector’s strongest companies and weakest players are expected to diverge further....
...Brand momentum matters, and luxury turnarounds are hard to pull off — especially in softening markets. Burberry and Ferragamo should take note....
...The younger Pinault is a French national whose occupation is listed as “product marketing manager”, according to the document. The move was first reported by Bloomberg....
...Investors took note: for the first time in seven years, luxury stocks did not outperform the broader equity market....
...French luxury group Hermès defied slowing sales in the luxury sector to deliver 17 per cent growth in the first three months of 2024 carried by strong demand for its exclusive handbags....
...A tie-up would give Tapestry a dominant slice of what the company has identified as the “accessible luxury” handbag market, the FTC said....
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