| Kering SA (FR0000121485) | |||
196,98 EURStand (close): 14.07.25 |
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| 15.07.25 15:59:42 | Renault names Duncan Minto as interim CEO |  |
| PARIS (Reuters) -Renault named Duncan Minto as interim CEO on Tuesday to lead the French automaker while it searches for a permanent replacement for Luca de Meo, who departs this week. De Meo resigned suddenly last month after five years at the helm of Renault and will join luxury group Kering in September. (Reporting by Dominique Patton;Editing by Elaine Hardcastle) |
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| 15.07.25 08:01:00 | Asia Luxury Goods Market Forecast and Company Analysis Report 2025-2033, Featuring Breville, Panasonic, LVMH Moet Hennessy Louis Vuitton, Kering, Este | |
| Company Logo The Asia Luxury Goods Market is projected to grow from USD 135.25 billion in 2024 to USD 192.17 billion by 2033, reflecting a CAGR of 3.98%. Driving factors include rising disposable incomes, increased brand consciousness, and a burgeoning middle class in China, India, and Japan. Enhanced digital shopping and travel also boost demand for premium brands. Challenges like counterfeit goods and economic volatility persist. Key sectors include luxury clothing, footwear, and watches. Major players like LVMH and Rolex are leveraging digital platforms and responding to evolving consumer trends to capture growth opportunities in this vibrant market. Asian Luxury Goods MarketAsian Luxury Goods Market Dublin, July 15, 2025 (GLOBE NEWSWIRE) -- The "Asia Luxury Goods Market Share Analysis and Size - Growth Trends and Forecast Report 2025-2033" report has been added to ResearchAndMarkets.com's offering. The Asia Luxury Goods Market is anticipated to see massive growth, increasing from USD 135.25 billion in 2024 to USD 192.17 billion by 2033, with a CACR of 3.98%. The development is driven by increasing disposable income, increased brand consciousness, and an increasing middle-class population in nations like China, India, and Japan. Enhanced digital shopping channels and travel are also increasing the demand for high-end and premium luxury brands in the market. Luxury products command a wide popularity base with strong demand in regions such as Asia, North America, and Europe. In the past few years, new markets such as China, India, and the Middle East have seen growth at a fast rate because of increasing disposable incomes and online luxury consumption. Luxury products are not only consumed for personal use but also as gifts, investments, and collectibles. The shift towards experiential luxury, such as travel and personalized services, also reflects international luxury consumers' evolving tastes. Drivers of Growth in the Asia Luxury Goods Market Rising Middle Class and Disposable Incomes Asia's increasing middle class is fueling the luxury goods industry. With rising disposable income, customers are seeking premium products as symbols of prestige and markers of individual achievement. China and India are witnessing a surge in high-income consumers who value quality and brand prestige highly. This demographic shift is expanding the customer base for luxury products, leading to increased sales and market penetration in the region. Nearly 65% of the middle class will reside in Asia by 2030, approximately 3.5 billion people. Digital Transformation and E-commerce Expansion The rapid rise of digital technologies has reshaped the Asian luxury retail environment. E-commerce sites and social media platforms are now vital marketing channels for brands to engage with consumers, especially younger generations. Online sales of luxury products are on the rise, as brands are spending in digital showrooms, live-streamed experiences, and custom-made digital experiences to drive maximum customer engagement and sales. Lancome, an L'Oreal group, introduced Lancome Happiness Nights initially in 2021 by offering a live-in-experience immersion from its store on Paris's Champs-Elysees. Dior offered access to its VIP July 2022 fashion show and the possibility of discussing 'live' with make-up specialists and getting guidance on beauty tips. Live-shopping will be accounting for about 20% of worldwide online purchases by 2026, McKinsey finds in the wake of a survey. Tourism and Duty-Free Shopping Tourism plays a significant role in driving the Asian luxury market. Japan and South Korea, among other nations, receive tourists who propel luxury sales via duty-free shopping. The appeal of tax-free buys and carefully selected merchandise available at airports and tourist areas boosts luxury sales. Additionally, the restart of international travel as a result of the decline of the pandemic will also propel this segment. For instance, as reported by the industry, duty-free sales in Japan generated USD 450.7 Million in May 2024, where duty-free products totaling around 566,000 purchases were made by shoppers, whose products mainly included high-value duty-free items such as luxury bags and jewelry. Challenges in the Asia Luxury Goods Market Counterfeit Products and Brand Dilution The explosion of counterfeit luxury goods poses a significant risk to brand reputation and consumer trust. Pirated versions, offered at lower prices, devalue brands and deter prospective customers. Luxury brands need to invest in anti-counterfeiting measures, including blockchain technology and authentication services, to protect their reputation and maintain product authenticity. Economic Uncertainty and Market Volatility Economic fluctuations such as currency devaluation and inflation may influence consumer spending on luxury goods. For instance, China's luxury market slowed down in 2024 with reduced domestic spending and increased tourist shopping abroad. Such volatility necessitates luxury brands to be agile, adapting strategies to make them robust during economic downturns. Asia Luxury Clothing and Apparel Market Asia's luxury apparel and clothing segment is growing strongly, fueled by fashion-oriented consumers seeking high-end, designer clothing. Urban lifestyles and exposure to international fashion have influenced behavior, triggering demand for luxury clothing. The response is from companies introducing regional products and collaborations with local designers to address the diversity of tastes in Asian markets. Asia Luxury Footwear Market Asia's luxury footwear market is expanding, fueled by increasing disposable incomes and an increasing passion for superior craftsmanship. Customers are spending money on high-quality footwear that provides both style and comfort. The market also observes a transition towards environmentally and ethically sourced footwear, with corporations adopting green material and processes in order to satisfy eco-conscious customers. Asia Luxury Watches Market Asia's high-end watch market is booming, with consumers viewing timepieces as a status symbol and a heritage piece. China and Japan are two big markets where mechanical watches and smartwatches are in demand. Both young working professionals and collectors are driving sales, with companies releasing limited editions and bespoke services to address this discerning demand. Asia Luxury Goods Multi-brand Stores Market Multi-brand luxury stores are gaining popularity in Asia, providing consumers with a well-curated selection of high-end products under one roof. These stores offer a diverse selection of brands, bringing convenience and diversity to the shopping experience. They also offer an opportunity for emerging designers and niche brands to showcase themselves to high-end consumers seeking unique and exclusive pieces. Asia Luxury Goods Online Stores Market The Asian online luxury market is flourishing with internet penetration and digitally aware consumer base, driven by the growth of e-commerce websites that offer an unbroken shopping experience with video try-ons, product information, and preference-based recommendations. Brands are leveraging digital platforms to create bigger audiences, offering online-exclusive collections, and engaging content to attract and retain customers. Story Continues Regional Analysis China Luxury Goods Market China remains a core driver of the global luxury market, accounting for a significant proportion of sales. Despite facing issues like economic slowdown and shifting consumer behavior, the market remains robust. Younger consumers, in particular, are fueling demand, choosing brands that appeal to their values and lifestyle. Luxury brands are countering by amplifying digital interaction and offering tailor-made experiences to maintain their relevance in this changing market. Around the same time as Watches and Wonders Geneva 2025, which takes place in April, Rolex has unveiled its first completely new model in over a decade: the Land-Dweller. Japan Luxury Goods Market Japan's luxury market is characterized by a strong appreciation for quality and craftsmanship. Consumers are brand-loyal and appreciate restrained elegance. Tourism recovery along with a robust exchange rate have helped to turn around sales of luxury, especially in major cities like Tokyo and Osaka. Advertisers are taking the advantage to enlarge their presence and build up extension of customized services in an effort to cater to local as well as overseas customers. India Luxury Goods Market India's luxury sector is on the rise, fueled by economic development and a rising rich class. The market is predicted to expand over three times to over US$85 billion by 2030. Luxury companies are tapping this potential by establishing flagship stores, emphasizing digital advertising, and designing products that are sensitive to Indian cultural values. The rise in high-net-worth individuals and increased exposure to global trends is further propelling the growth. March 2025, French luxury children's fashion brand Jacadi Paris has opened in India with its first store in Mumbai. Though their first store is at Phoenix Palladium Mall, Mumbai, they are also going to have another one in Bengaluru. Australia Luxury Goods Market The Australian luxury market is on a growth path, supported by a buoyant economy as well as an increasing high-net-worth population. Sydney and Melbourne are some of the leading cities that are driving forces, attracting tourists as well as local consumers. Fashion brands are concentrating on building their stores and delivering customised services that are in line with the premium preferences of Australian consumers. The market is further supported by a strong e-commerce retail infrastructure, which fuels seamless luxury buying. New Zealand Luxury Goods Market New Zealand's luxury market, although smaller in size, presents unique opportunities. Affluent consumers in the country are committed to quality and exclusivity and are becoming more interested in sustainable, locally manufactured luxury goods. Companies are looking to story and genuineness to connect with consumers and are highlighting craftsmanship and ethics. There is also an uptick in online engagement taking place, with e-commerce websites assuming a vital role in accessing customers across the country. Key Players Analyzed Breville Group Limited Panasonic Holdings Corporation LVMH Moet Hennessy Louis Vuitton SE (LVMH) Kering SA The Estee Lauder Companies Inc. Hermes International SA Rolex SA The Swatch Group Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $135.25 Billion Forecasted Market Value (USD) by 2033 $192.17 Billion Compound Annual Growth Rate 3.9% Regions Covered Asia Pacific Key Topics Covered: 1. Introduction 2. Research & Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Drivers 4.2 Challenges 5. Asia Luxury Goods Market 5.1 Historical Market Trends 5.2 Market Forecast 6. Market Share Analysis 6.1 By Type 6.2 By Distribution Channel 6.3 By Countries 7. Type 7.1 Clothing and Apparel 7.2 Footwear 7.3 Bags 7.4 Jewelry 7.5 Watches 7.6 Other Types 8. Distribution Channel 8.1 Single-branded Stores 8.2 Multi-brand Stores 8.3 Online Stores 8.4 Other Distribution Channels 9. Countries 9.1 China 9.2 Japan 9.3 India 9.4 South Korea 9.5 Thailand 9.6 Malaysia 9.7 Indonesia 9.8 Australia 9.9 New Zealand 9.10 Rest of Asia-Pacific 10. Porter's Five Forces Analysis 11. SWOT Analysis 12. Key Players Analysis Breville Group Limited Panasonic Holdings Corporation LVMH Moet Hennessy Louis Vuitton SE (LVMH) Kering SA The Estee Lauder Companies Inc. Hermes International SA Rolex SA The Swatch Group For more information about this report visit https://www.researchandmarkets.com/r/jfrxwc About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Asian Luxury Goods Market CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 View Comments |
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| 10.07.25 12:30:00 | Hazeltree Reports: Global Short-Selling Intensity Spikes for Consumer Lifestyle and Tech Sectors | |
| Live Nation, Super Micro, Kering, Philips, ANTA Sports Products, and Nintendo appear among top-10 most crowded shorts across global regions NEW YORK & LONDON, July 10, 2025--(BUSINESS WIRE)--The hedge fund market saw broad-based gains, continued inflows, and signs of strategic repositioning, as reflected in short-selling activity tracked in the Hazeltree June 2025 Shortside Crowdedness Report. Across all regions, short-sellers targeted consumer lifestyle and technology brands, according to Hazeltree, a leader in active treasury and intelligent operations technology for the alternative asset industry. Frequently shorted consumer discretionary names included Live Nation Entertainment, Inc., JetBlue Airways Corporation, Kering SA, LVMH Moët Hennessy, ANTA Sports Products Ltd., and Oriental Land Co., Ltd. Noteworthy tech targets included Super Micro Computer, Inc., Synopsys, Inc., Koninklijke Philips N.V., Nintendo Co., Ltd., and Hon Hai Precision Industry Co., Ltd. The report is a monthly listing of the top 10 most crowded shorted securities in the Americas, EMEA, and APAC regions, categorized by large-, mid-, and small-cap ranges. Hazeltree compiles data from its proprietary securities finance platform data, which tracks approximately 15,000 global equities across the Americas, EMEA, and APAC. The data, available to select clients, is aggregated and anonymized from the contributing Hazeltree community, which comprises approximately 700 asset management funds. The firm assigns securities a Hazeltree Crowdedness Score, a key metric that grades securities on a scale of 1 to 99, with 99 representing the highest concentration of shorting activity. This scoring highlights securities most targeted by investors and reflects key supply-demand dynamics. "While consumer lifestyle brands have continued to dominate the top 10 most crowded shorts over the past two months, in June we also saw a renewed focus on technology names across all market caps globally," said Tim Smith, Managing Director of Data Insights at Hazeltree. "One notable shift was the disappearance of the SPDR S&P 500 ETF from the Americas large-cap top 10, which may signal a pivot away from broad U.S. equity exposure in favor of international allocations. At the same time, The Goldman Sachs Group, Inc. entered the top 10 for the first time this year—potentially a response to the firm’s strong stress test results, its planned dividend hike, and continued cost-control efforts, including layoffs." Highlights from the June 2025 report include: Story Continues AMERICAS In the large-cap category, Chevron Corporation is the most crowded security with a score of 99 for a second month and the fourth time this year. Live Nation Entertainment, Inc. became the second most crowded security with a score of 94 dropping from the top spot. Super Micro Computer, Inc. held the highest institutional supply utilization figure (45.81%) for the seventh consecutive month. In the mid-cap category, EchoStar Corporation is the most crowded security with a Crowdedness Score of 99, while MP Materials Corp. held the highest institutional supply utilization figure (76.75%). In the small-cap category, Edgewell Personal Care Company was the most crowded security with a score of 99. Applied Optoelectronics, Inc. had the highest institutional supply utilization (55.84%). EMEA In the large-cap category, Kering SA and LVMH Moët Hennessy were the most crowded securities for the second consecutive month, joined by BE Semiconductor Industries N.V. with a score of 99. H&M Hennes & Mauritz AB had the highest institutional supply utilization (70.35%) for the fifth time this year. In the mid-cap category, Melrose Industries PLC was the most crowded security (99). Davide Campari-Milano N.V. had the highest institutional supply utilization (62.62%) for the second month in a row and third time this year. In the small-cap category, Worldline SA is the most crowded security, with a score of 99. Basic-Fit N.V. also topped institutional supply utilization (81.28%) for the third straight month. APAC In the large-cap category, ANTA Sports Products Ltd and Oriental Land Co., Ltd. were tied with a score of 99 for the second time this year. Chow Tai Fook Jewellery Group Ltd had the highest institutional supply utilization (80.23%). In the mid-cap category, Ibiden Co., Ltd. topped the list as the most crowded security with a score of 99 for the second consecutive month. Nissan Motor Co., Ltd. held the highest institutional supply utilization for the first time (33.00%). In the small-cap category, Money Forward, Inc. was the most crowded security (99) for the third time this year. Lye Pharma Group Ltd. had the highest institutional supply utilization (77.75%). To view Hazeltree’s June 2025 Shortside Crowdedness Report and past reports, click here. Note to editors: If you are a member of the media/press and would like to be included on the distribution list for this report, please contact btanner@hazeltree.com. Hazeltree Shortside Crowdedness Report Methodology The Shortside Crowdedness Report tracks shorting activity in three different metrics: Hazeltree Crowdedness Score: This score represents securities that are being shorted by the highest percentage of funds in Hazeltree’s community in a pre-defined category. The securities are graded on a scale of 1-99, with 99 representing the security that the highest percentage of funds are shorting. Institutional Supply Utilization: This figure represents the percentage of the institutional investors’ supply of a particular security that is being lent out. The institutional supply utilization rate is an indicator of how "hot" a security is in terms of the supply-demand dynamic. It is possible to see 100% utilization of a security’s availability, making it difficult to establish new short positions. Hazeltree Community Borrow Fee: This figure is the average weighted fee for what funds in the Hazeltree community are paying to borrow a security. The fee is represented as the annualized cost calculated as a percentage of the price of the security. About Hazeltree Hazeltree is a leader in active treasury and intelligent operations technology. Purpose-built for the alternative asset management ecosystem, Hazeltree’s modular platform aggregates internal and external data, providing a comprehensive view of operations and counterparty relationships while proactively highlighting opportunities to extract more value from every transaction. Hazeltree is headquartered in New York with offices in London, Bournemouth, and Hong Kong. For more information, please visit www.hazeltree.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250710293797/en/ Contacts Media: Ben Tanner Hazeltree btanner@hazeltree.com View Comments |
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| 09.07.25 04:07:06 | Renault set to name interim CEO next week, FT reports | |
| (Reuters) -Renault will name an interim chief executive next week as it continues to search for a replacement for Luca de Meo, who is to leave the carmaker to head luxury group Kering, the Financial Times reported on Wednesday, citing people familiar with the matter. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Mrigank Dhaniwala) View Comments |
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| 04.07.25 13:14:00 | Kering: Half yearly achievement report on Kering share quotations liquidity mandate - June 2025 |  |
| KERING Kering - Press release - Half yearly achievement report on Kering share quotations liquidity mandate - June 2025 PRESS RELEASE July 4, 2025 HALF-YEARLY ACHIEVEMENT REPORT ON KERING SHARE QUOTATIONS LIQUIDITY MANDATE Pursuant to the liquidity mandate granted by Kering to Rothschild Martin Maurel, the following assets appeared on the liquidity account as of June 30th, 2025: 240 shares €26,395,783 Number of executions on buy side during the semester: 15,526 Number of executions on sell side during the semester: 16,774 Traded volume on buy side during the semester: 380,540 shares for €79,648,592.58 Traded volume on sell side during the semester: 380,300 shares for €79,496,652.28 As a reminder, the following assets appeared on the liquidity account as of December 31st, 2024: 0 share €26,214,505 Number of executions on buy side during the semester: 14,624 Number of executions on sell side during the semester: 14,612 Traded volume on buy side during the semester: 340,825 shares for €84,878,819.26 Traded volume on sell side during the semester: 340,825 shares for €84,844,865.45 About Kering Kering is a global, family-led luxury group, home to people whose passion and expertise nurture creative Houses across ready-to-wear and couture, leather goods, jewelry, eyewear and beauty: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, Ginori 1735, as well as Kering Eyewear and Kering Beauté. Inspired by their creative heritage, Kering’s Houses design and craft exceptional products and experiences that reflect the Group’s commitment to excellence, sustainability and culture. This vision is expressed in our signature: Creativity is our Legacy. In 2024, Kering employed 47,000 people and generated revenue of €17.2 billion. Contacts Press Emilie Gargatte +33 (0)1 45 64 61 20 emilie.gargatte@kering.com Marie de Montreynaud +33 (0)1 45 64 62 53 marie.demontreynaud@kering.com Analysts/investors Claire Roblet +33 (0)1 45 64 61 49 claire.roblet@kering.com Aurélie Husson-Dumoutier +33 (0)1 45 64 60 45 aurelie.husson-dumoutier@kering.com Story Continues Attachment Kering - Press release - Half yearly achievement report on Kering share quotations liquidity mandate - June 2025 View Comments |
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| 01.07.25 06:12:00 | Renault to Book $11 Billion Hit From Changes in Accounting Treatment of Nissan Stake | |
| The French carmaker, which owns 35.71% of Nissan, said the financial hit from the change has no impact on its cash position nor on the calculation of its dividend. Continue Reading View Comments |
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| 01.07.25 03:00:00 | Can a Longtime Car Executive Turn Around Gucci’s Parent? | |
| Renault boss Luca de Meo is preparing for an unconventional move to Kering, whose other brands include Saint Laurent and Balenciaga. Continue Reading View Comments |
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| 30.06.25 17:59:27 | Valentino faces uncertainty as CEO takes sick leave amid profit slowdown | |
| By Elisa Anzolin MILAN (Reuters) -Italian luxury brand Valentino said on Monday its Chief Executive Jacopo Venturini was currently on sick leave, responding to media reports of his imminent departure. A possible change of CEO would, if confirmed, pile further pressure on the high-end business which reported a decline in revenues and profit last year. Italian fashion blog "The platform" reported on Sunday that the Italian manager, who took the role in 2020, was about to leave the group in order to have more time for himself. Contacted by Reuters, the Rome-based group, controlled by Qatari investment fund Mayhoola, sent a short statement saying the executive was on sick leave, without providing further details. Gucci-owner Kering bought a 30% stake in Valentino in 2023 for $1.7 billion with a commitment to buy the remaining 70% by 2028, hoping to create a second flagship label rooted in high couture. Valentino, which last year named star designer Alessandro Michele as creative director to replace long-serving Pierpaolo Piccioli, reported a 2% drop at constant exchange rates in revenues last year, to 1.31 billion euros ($1.54 billion). Its core profit declined 22% to 246 million euros, with the wider industry facing a demand slowdown and challenging economic backdrop. Michele's new collection, which arrived in stores only in the last quarter of 2024, according to documents registered at the local chamber of commerce, is yet to convince customers, three sources close to the matter said. Valentino's usual customers are not buying much of the collection and new converts have been slow to emerge, the sources said. Valentino wasn't immediately available for a comment about the new collection's performance. Kering's purchasing deal included cross put and call options for Kering, which is struggling to relaunch its main brand Gucci, to purchase the whole of Valentino's share capital from May 2026 through 2028. Analysts are wondering about the timing of the acquisition of the remaining stake, as it could weigh on the company, which is already struggling to cut debt. ($1 = 0.8497 euros) (Reporting by Elisa Anzolin, additional reporting by Lisa Jucca, editing by Cristina Carlevaro and Keith Weir) View Comments |
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| 23.06.25 03:00:01 | Why the serial CEO has fallen out of fashion | |
| Luca de Meo is the classic serial chief executive. His appointment this week as head of luxury goods maker, Kering, marks at least the PREMIUM Upgrade to read this Financial Times article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a subscription? Sign in |
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| 19.06.25 12:29:45 | Tariff threats, wars will slow but not collapse global luxury sales in 2025, new study shows | |
| MILAN (AP) — Global sales of personal luxury goods are ”slowing down but not collapsing,” according to a Bain & Co. consultancy study released Thursday. Personal luxury goods sales that eroded to 364 billion euros ($419 billion) in 2024 are projected to slide by another 2% to 5% this year, the study said, citing threats of U.S. tariffs and geopolitical tensions triggering economic slowdowns. “Still, to be positive in a difficult moment — with three wars, economies slowing down, inequality at a maximum ever — it’s not a market in collapse,’’ said Bain partner and co-author of the study Claudia D’Arpizio. “It is slowing down but not collapsing.” Alongside external headwinds, luxury brands have alienated consumers with an ongoing creativity crisis and sharp price increases, Bain said. Buyers have also been turned off by recent investigations in Italy that revealed that sweatshop conditions in subcontractors making luxury handbags. Sales are slipping sharply in powerhouse markets the United States and China, the study showed. In the U.S., market volatility due to tariffs has discouraged consumer confidence. China has recorded six quarters of contraction on low consumer confidence. The Middle East, Latin America and Southeast Asia are recording growth. Europe is mostly flat, the study showed. This has created a sharp divergence between brands that continue with strong creative and earnings growth, such as the Prada Group, which posted a 13% first-quarter jump in revenue to 1.34 billion euros, and brands like Gucci, where revenue was down 24% to 1.6 billion euros in the same period. Gucci owner Kering last week hired Italian automotive executive Luca De Meo, the former CEO of Renault, to mount a turnaround. The decision comes as three of its brands — Gucci, Balenciaga and Bottega Veneta — are launching new creative directors. Kering’s stock surged 12% on news of the appointment. D’Arpizio underlined his track record, returning French carmaker Renault to profitability and previous roles as marketing director at Volkswagen and Fiat. “All of these factors resonate well together in a market like luxury when you are in a phase where growth is still the name of the game, but you also need to make the company more nimble in terms of costs, and turn around some of the brands,’’ she said. Brands are also making changes to minimize the impact of possible U.S. tariffs. These include shipping directly from production sites and not warehouses and reducing stock in stores. With aesthetic changes afoot “stuffing the channels doesn’t make a lot of sense,’’ D’Arpizio said. Story Continues Still, many of the headwinds buffering the sector are out of companies’ control. “Many of these (negative) aspects are not going to change soon. What can change is more clarity on the tariffs, but I don’t think we will stop the wars or the political instability in a few months,’’ she said, adding that luxury consumer confidence is tied more closely to stock market trends than geopolitics. President of Italian luxury brand association Altagamma Matteo Lunelli underlined hat the sector recorded overall growth of 28% from 2019-2024, “placing us well above pre-pandemic levels.” While luxury spending is sensitive to global turmoil, it is historically quick to rebound, powered by new markets and pent-up demand. The 2008-2009 financial crisis plummeted sales of luxury apparel, handbags and footwear from 161 billion euros to 147 billion euros over two years. The market more than recovered the losses in 2010 as it rebounded by 14%, with an acceleration in the Chinese market. Similarly, after sales plunged by 21% during the pandemic, pent-up spending powered sales to new records. View Comments |
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