Hosted on MSN25d
China’s Love Affair With Luxury Has Cooled
Analysts have pressed LVMH and Kering executives on whether the declines are cyclical or reflect a more fundamental change among Chinese consumers. Both Kering’s François-Henri Pinault and LVMH ...
'Not enough': Demna's appointment as design head for Gucci met with doubts
A day after Kering appointed Balenciaga designer Demna to oversee a makeover of its struggling Gucci fashion label, shares of ...
Hosted on MSN29d
Hermès Sales Jump as Label Outperforms During Luxury Slump
a move that’s been decried by his peers LVMH CEO Bernard Arnault and Kering CEO Francois-Henri Pinault. The quadrupling in Hermès’s share price over the past five years has brought it closer ...
For luxury goods empires, more is still more
Being big is also helpful given luxury groups appear to be involved in a giant game of Monopoly, buying expensive real estate ...