Luxury industry faces a slowdown as high prices deter consumers. Prada's sales rose 17% driven by Asia, with growth in all major regions. Top luxury brands like Cartier, Hermes, and LVMH continue to grow, defying expectations of a downturn.
$1913.HK #luxury #Prada up +17% in a single day & back within spitting distance of its all-time highs wasn’t actually on my dance card for 2024!? https://t.co/BgPKPdBhcz https://t.co/S2WQi8M6tK https://t.co/5b9vlOBFY3
‘An economist’s guide to the luxury-handbag market. It is plagued by counterfeits—and information asymmetries.’ @TheEconomist https://t.co/6gk8zOnmrk
⚠️ IPO CANDIDATE GOLDEN GOOSE'S NET REVENUES UP 18% TO 587 MILLION EUROS IN 2023 Full Story → https://t.co/lWOdXOn4Di Italy's Golden Goose said on Thursday its net revenues had risen 18% at constant exchange rate last year, as the Italian luxury sneaker maker is preparing for… https://t.co/ApYMSSz9Zt
Prada sales jump, with the Italian group reporting strong demand for products like its brushed leather loafers and Miu Miu pumps https://t.co/4gBx4AExyO
It's early days of course & this will be a year of much more normalised growth for the luxury industry, but in Jan & Feb, Prada is running at a similar pace to Q4's 17%. 🔥🔥 $LVMUY $CFRUY $HESAY $PPRUY https://t.co/r5M5CCH7Uz
Prada sales accelerated in all 3 major regions: Europe, US & Asia ex Japan. Compares were easier in China, but underlying trends in Greater China remain 'solid'. #luxury $CFRUY $HESAY $LVMUY $CPRI $EL $RL $TPR https://t.co/lBNn2MKKE6
Outsized pricing helped luxury post Covid & that's over. But top tier is still growing at solid rates, driven by newness & brand appeal. And when Cartier, Hermes, LVMH & Prada grow at 8-17%, given their share, luxury is NOT in a downturn. $LVMUY $HESAY $CFRUY https://t.co/r5M5CCH7Uz
Prada joins Richemont & Hermes in reporting Q4 acceleration. Sales improved from +10% in Q3 to +17% in Q4. Add in LVMH & big guns in luxury have hugely outperformed also rans & defied pundit 'slump' talk. $CFRUY $HESAY $LVMUY https://t.co/o0njGgiTxb
⚠️ PRADA SALES ROSE 17% LAST YEAR, DRIVEN BY ASIA, MIU MIU BRAND Full Story → https://t.co/WTILqZsyaT Net revenues at Italian luxury group Prada rose 17% at constant exchange rates last year, broadly in line with analysts' expectations, driven by growth in Asia and the… https://t.co/i1uGvTIz33
Forget animal print, the gyrations in luxury valuations have been the wildest look of the past year, @AndreaFelsted writes (via @opinion) https://t.co/uBIKeH1XX2
Forget animal print, the gyrations in luxury valuations have been the wildest look of the past year, @AndreaFelsted writes https://t.co/lzDOCwiMB4 via @opinion
A champagne era of rising prices for the luxury industry prices is starting to fall flat - column here by @AdrienneKlasa. Even the well-heeled are beginning to resist the increasing cost of high-end products https://t.co/JyVGm32r4j