Luxury Stocks Find China Solace to End Bad Year on Brighter Note
3 months, 2 weeks ago

Luxury Stocks Find China Solace to End Bad Year on Brighter Note

Live Mint  

A December rebound in European luxury-goods stocks is easing the pain for investors after a year characterized by concerns over weakening demand in the key market of China. Another expected boon for luxury demand next year could come from the US, where Donald Trump’s plans to deregulate the economy and reduce taxes may provide a boost to spending. “A continuation of this trend, supported by improved consumer confidence, higher wages, and particularly in the US the post-election ‘animal spirits’ could aid luxury companies from here.” The sector still faces challenges, however. “Signs of ‘luxury fatigue’ with consumers increasingly questioning the value for money offered by some brands suggest to us that a potential recovery may come only in 2026,” said Zuzanna Pusz, an analyst at UBS Group AG in London. READ: Hugo Boss’s Revamp Snag Brings Worst Year Since Financial Crisis For some, it’s important to be selective given the way forward for luxury stocks is unlikely to be straightforward.

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History of this topic

Luxury fashion betting on designer reshuffles faces tricky road ahead
1 week, 5 days ago

Luxury fashion betting on designer reshuffles faces tricky road ahead

Live Mint  

* A host of luxury fashion groups appointing new designers * Brands need renewal to revive demand * Designers shaping brand identity, positioning and clientele * Risks include bewildering shoppers with too drastic change -Bain By Mimosa Spencer, Elisa Anzolin, Tassilo Hummel PARIS/MILAN, March 20 - A slump in luxury fashion is prompting designer reshuffles at top houses Gucci, Chanel …

Why Louis Vuitton is struggling but Hermès is not
1 month ago

Why Louis Vuitton is struggling but Hermès is not

Live Mint  

There will be fewer designer handbags and high heels under Christmas trees this year. To serve the merely affluent, as well as the stinking rich, luxury brands began selling a selection of items at less lofty prices. “Until 30 years ago, luxury had no adjectives attached to it," says Brunello Cucinelli, who runs the luxury brand that carries his name. …

China’s love affair with luxury has cooled
1 month, 2 weeks ago

China’s love affair with luxury has cooled

Live Mint  

SHANGHAI—Xie Weina used to buy luxury bags that cost $1,500 or more every couple of months. Last year, China’s luxury market shrank by about a fifth from a year earlier, consulting firm Bain estimates. Both Kering’s François-Henri Pinault and LVMH’s Bernard Arnault said they believed China would take a while to improve but the market would eventually recover. In 2020, …

Even festive spending isn't bringing cheer to sluggish Chinese economy
1 month, 3 weeks ago

Even festive spending isn't bringing cheer to sluggish Chinese economy

Firstpost  

Even as China pushes to revive consumer demand, analysts remain skeptical. Citic Securities forecasts a modest 0.3 per cent rise in consumer prices this year, with factory prices not coming up in green, but only narrowing their decline to 1.4 per cent in 2025 People wait to board trains at the Shanghai Hongqiao railway station ahead of the National Day …

Even festive spending isn't bringing cheer to sluggish Chinese economy
1 month, 3 weeks ago

Even festive spending isn't bringing cheer to sluggish Chinese economy

Firstpost  

Even as China pushes to revive consumer demand, analysts remain skeptical. Citic Securities forecasts a modest 0.3 per cent rise in consumer prices this year, with factory prices not coming up in green, but only narrowing their decline to 1.4 per cent in 2025 People wait to board trains at the Shanghai Hongqiao railway station ahead of the National Day …

Luxury brands find success in China through adaptability, store upgrades
2 months, 1 week ago

Luxury brands find success in China through adaptability, store upgrades

China Daily  

View of a Louis Vuitton store in Hangzhou, Zhejiang province, in October. LONG WEI/FOR CHINA DAILY Luxury brands are increasingly embracing adaptability and steadiness in the Chinese market, positioning themselves for sustainable growth amid evolving consumer preferences and a cautiously optimistic economic environment, according to the latest industry analysis. Top performers such as Moncler, Jaeger-LeCoultre, Longchamp, Chanel and Dolce & …

Luxury brands find success in China through adaptability, store upgrades
2 months, 1 week ago

Luxury brands find success in China through adaptability, store upgrades

China Daily  

View of a Louis Vuitton store in Hangzhou, Zhejiang province, in October. LONG WEI/FOR CHINA DAILY Luxury brands are increasingly embracing adaptability and steadiness in the Chinese market, positioning themselves for sustainable growth amid evolving consumer preferences and a cautiously optimistic economic environment, according to the latest industry analysis. Top performers such as Moncler, Jaeger-LeCoultre, Longchamp, Chanel and Dolce & …

China moves to boost languishing markets by ordering funds to invest more in shares
2 months, 1 week ago

China moves to boost languishing markets by ordering funds to invest more in shares

Associated Press  

BANGKOK — The Chinese government plans to ensure that share prices will rise by ordering pensions and mutual funds to invest more in domestic stocks, to help jolt the markets out of the doldrums. “This means that at least several hundred billion yuan of long-term funds will be added to A-shares every year,” said Wu Qing, chairman of the China …

China’s retail investor sours quickly on stocks
2 months, 2 weeks ago

China’s retail investor sours quickly on stocks

Live Mint  

* Chinese stocks suffered weakest start to new year in a decade * Retail investors sell amid US trade policy uncertainties * Further selling could trigger stampede, hurt economy * Beijing's half-hearted policies lead to investor disillusionment By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG, - Day-trader Lu Delong's optimism for a China stocks rally quickly evaporated in the first …

Luxury sales soar as affluent Indians splurge
4 months ago

Luxury sales soar as affluent Indians splurge

Live Mint  

Affluent Indians are spending more on high-end luxury, driving sales of the world’s top labels despite slowing consumption in the country and a slump in China, one of the biggest markets for fashion giants. The three companies generated sales equivalent to nearly two-thirds of entire India business of the Swiss watch industry, which sold timepieces worth ₹2,074.8 crore between January …

Global news wrap: COP tussle, monetary policies, luxury market fall
4 months ago

Global news wrap: COP tussle, monetary policies, luxury market fall

Live Mint  

Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. Meanwhile, with the one-sided casualty in the Israel-Hamas war, with 43,000 Palestinians dead and 1.9 million internally displaced, the International Criminal Court has issued arrest warrants for Israel’s prime minister Benjamin …

The global luxury goods market is forecast to shrink in 2025. Trump’s tariffs could make it worse
4 months, 2 weeks ago

The global luxury goods market is forecast to shrink in 2025. Trump’s tariffs could make it worse

Associated Press  

MILAN — Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study released Wednesday. “European brands could end up being super expensive in an already expensive environment.’' Trump has pledged tariffs of up to 20% on imports, saying it would create factory jobs, shrink …

Diminished aura: LVMH’s woes point to a slump in the luxury market
8 months ago

Diminished aura: LVMH’s woes point to a slump in the luxury market

Live Mint  

We’re all drinking less champagne as the world becomes a scarier place. The owner of Louis Vuitton and Dior has reported a 1% increase in sales excluding currency movements and mergers and acquisitions in the fiscal second quarter, below analysts’ expectations of a 2.9% gain, and the lowest level of growth since 2009, excluding the pandemic dip. Britain’s Burberry Group …

Luxury brands feel the sting as Chinese economy slows down
8 months, 2 weeks ago

Luxury brands feel the sting as Chinese economy slows down

The Hindu  

The prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped almost $200 billion off the sector’s value in recent months. According to consultancy Bain, China accounted for 16% of 362 billion euros of global luxury spending last year. But data on Monday showed China grew much …

China’s rich spend millions on Shanghai property; Luxury apartments worth $3.8 million five times oversubscribed
9 months, 1 week ago

China’s rich spend millions on Shanghai property; Luxury apartments worth $3.8 million five times oversubscribed

Hindustan Times  

-- A $15 million penthouse was snapped up hours after it went on sale. Photographer: Raul Ariano/Bloomberg Shanghai’s luxury real estate market is a bright spot in China’s bleak property sector. The recent buyers still see luxury residences as an optimal choice, given Shanghai’s financial hub status, the scarcity of supply of such dwellings and the discount that new offerings …

Luxury sales are flattening amid a self-inflicted creativity crisis and price hikes, study finds
9 months, 2 weeks ago

Luxury sales are flattening amid a self-inflicted creativity crisis and price hikes, study finds

Associated Press  

MILAN — The post-pandemic surge in global sales of luxury handbags, shoes and apparel is set to stall this year amid a creativity crisis and price hikes as brands shift focus to the biggest spending customers, a new study by the Bain consultancy said Tuesday. The consultancy cited political uncertainty during a presidential election year in the United States as …

Study finds global luxury sales flattening amid self-inflicted creativity crisis and price hikes
9 months, 2 weeks ago

Study finds global luxury sales flattening amid self-inflicted creativity crisis and price hikes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

China's love affair with luxury goods boosts growth of sector
10 months, 3 weeks ago

China's love affair with luxury goods boosts growth of sector

China Daily  

Attendees take pictures as a model presents a creation during the Louis Vuitton Voyager Show with the upcoming Women's Prefall 2024 collection at the Long Museum West Bund in Shanghai on April 18, 2024. The Chinese hunger for goods from high-quality, prestigious brands has significantly buoyed LVMH's sales, reflecting broader trends in global luxury consumption, according to industry experts. Similarly, …

Major US PR firm bullish on China market
1 year, 6 months ago

Major US PR firm bullish on China market

China Daily  

Kass Sells, CEO of WE Communications. WE Communications stresses nation's biz potential for overseas, local brands US-based WE Communications, one of the world's largest communications and integrated marketing agencies, said frequent exchanges in China following the COVID-19 pandemic have brought more business opportunities for public relations agencies, and the company will continue to increase its investment in the country, especially …

Overseas Chinese, investors cheer new COVID-19 measures
2 years, 3 months ago

Overseas Chinese, investors cheer new COVID-19 measures

China Daily  

Travellers walk with their luggage at Beijing Capital International Airport in Beijing Dec 27, 2022. They feel very good that they can go back to China to meet their parents," Yiling Zheng, a New York City resident, told China Daily. Chinese business communities in the US are also "eager to go back", said Lin Guang, the president of the US …

Who holds the key to luxury’s future?
2 years, 3 months ago

Who holds the key to luxury’s future?

Live Mint  

Are Chinese shoppers about to embark on another wave of revenge spending? As China moves away from its long-held Zero-Covid approach, the luxury industry hopes the country’s reopening will make up for a sputtering US, which has been the engine of high-end growth for the past two years. But Big Bling’s fortunes are inextricably linked to China, whose shoppers are …

Global luxury sales set to hit record this year, study says
2 years, 4 months ago

Global luxury sales set to hit record this year, study says

Associated Press  

MILAN — Luxury spending is growing faster than ever, fueled by pent-up pandemic demand and shifting demographics as younger, more diverse consumers buy into tiny handbag and post-streetwear trends, according to a study released Tuesday. Global sales of personal luxury goods including leather accessories, apparel, footwear, jewelry and watches are expected to grow by 22% this year, to 353 billion …

Global luxury sales set to hit record this year, study says
2 years, 4 months ago

Global luxury sales set to hit record this year, study says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Global sales of personal luxury goods including leather accessories, …

Chinese luxury brands can help boost domestic consumption
2 years, 10 months ago

Chinese luxury brands can help boost domestic consumption

China Daily  

Customers purchase bags at a duty-free shop in Haikou, Hainan province, on Oct 1, 2021. Many Chinese people today dream of owning some luxury products, such as handbags, jewelry and watches, prompting almost all global luxury brands to open shop in China. According to reports, luxury goods worth 346 billion yuan were sold in China in 2021, an increase of …

The world is back to overspending on luxury
3 years, 4 months ago

The world is back to overspending on luxury

Live Mint  

The personal luxury market of high-end accessories, leather goods and apparel has snapped back to pre-pandemic levels as US shoppers outspent those in China in pursuit of the latest fashion trends, according to a study released Thursday by the Bain consultancy. Global consumer spending on personal luxury goods, including the latest sneaker trend or design collaboration, is forecast to spike …

Study: US shoppers outspend Chinese to restore luxury market
3 years, 4 months ago

Study: US shoppers outspend Chinese to restore luxury market

Associated Press  

MILAN — The personal luxury market of high-end accessories, leather goods and apparel has snapped back to pre-pandemic levels as U.S. shoppers outspent those in China in pursuit of the latest fashion trends, according to a study released Thursday by the Bain consultancy. Global consumer spending on personal luxury goods, including the latest sneaker trend or design collaboration, is forecast …

Study: US shoppers outspend Chinese to restore luxury market
3 years, 4 months ago

Study: US shoppers outspend Chinese to restore luxury market

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The personal luxury market of …

Luxury Brands Bank on a Raring China Market as Pandemic Lays Waste To Global Demand
4 years, 6 months ago

Luxury Brands Bank on a Raring China Market as Pandemic Lays Waste To Global Demand

News 18  

On the southern Chinese island of Hainan, a duty-free shopping paradise, mainland tourists keen to splurge will often patiently line up for an hour or more to enter a Gucci, Tiffany or other luxury brand store. “I’d like to buy a Bottega Veneta bag as well as a coat and a down jacket from Moncler before the weather gets cold.” …

Luxury brands are already feeling the China burn
6 years, 2 months ago

Luxury brands are already feeling the China burn

CNN  

London CNN Business — Chinese shoppers are buying fewer smartphones. European luxury stocks were hit Thursday after Apple said it sold fewer iPhones than expected in the final three months of 2018 because of a sharp economic slowdown in China. Chinese luxury spending remained strong in the first half of 2018 despite a sluggish economy. If Chinese shoppers weren’t willing …

All that glitters is not sold
6 years, 4 months ago

All that glitters is not sold

China Daily  

Fashions are changing so rapidly that the latest top-of-the-range item bought one year can be regarded as yesterday's stuff the following year. However, for the many thousands who have been converted by the gospel of luxury goods sharing, there are plenty of others who remain to be convinced about this new economic model. Chen Ting, 32, of Shanghai, says renting …

All that glitters is not sold
6 years, 4 months ago

All that glitters is not sold

China Daily  

Luxury goods are becoming ever more expensive, which means the pool of those able to afford them is shrinking, says Zhang Jun, founder of StarLuxe. Chinese consumers spent more than 500 billion yuan on luxury items last year, and that Chinese buy one-third of the world's luxury goods, according to Mckinsey, an international consulting firm. The annual reports of several …

All that glitters is not sold
6 years, 4 months ago

All that glitters is not sold

China Daily  

Fashions are changing so rapidly that the latest top-of-the-range item bought one year can be regarded as yesterday's stuff the following year. However, for the many thousands who have been converted by the gospel of luxury goods sharing, there are plenty of others who remain to be convinced about this new economic model. Chen Ting, 32, of Shanghai, says renting …

Study: Chinese to account for half of luxury sales by 2025
6 years, 4 months ago

Study: Chinese to account for half of luxury sales by 2025

Associated Press  

MILAN — Chinese consumers will remain the driving force for the luxury goods market, according to a new study by Bain consultancy released Thursday that shows they will fuel nearly half of global high-end sales by 2025. Chinese shoppers will account for 46 percent of global luxury sales of an estimated 365 billion euros in just six years, Bain said …

Chinese shoppers can’t get enough of luxury brands
6 years, 5 months ago

Chinese shoppers can’t get enough of luxury brands

CNN  

London CNN Business — Trade war? Smart Take Chinese consumers spend over $7 billion each year on luxury products An official crackdown on expensive gift giving hit sales a few years back but the market is booming again Chinese Millennials are much more likely to splurge than their Western counterparts Chinese shoppers that abandoned luxury brands during a government crackdown …

China's luxury spending to boost domestic sales: Fitch
8 years, 1 month ago

China's luxury spending to boost domestic sales: Fitch

China Daily  

A pedestrian walks past a Louis Vuitton shop in Fuzhou, Fujian province. BEIJING - China's recent recovery in luxury spending may boost sales of department-store operators and high-end retailers in the country, according to global ratings agency Fitch. Reports from international brands such as Coach, Swatch and LVMH suggest luxury spending in China is beginning to pick up after a …

China's luxury spending to boost domestic sales: Fitch
8 years, 1 month ago

China's luxury spending to boost domestic sales: Fitch

China Daily  

A pedestrian walks past a Louis Vuitton shop in Fuzhou, Fujian province. BEIJING - China's recent recovery in luxury spending may boost sales of department-store operators and high-end retailers in the country, according to global ratings agency Fitch. Reports from international brands such as Coach, Swatch and LVMH suggest luxury spending in China is beginning to pick up after a …

Chinese share of luxury market declines
8 years, 4 months ago

Chinese share of luxury market declines

China Daily  

After two years of recession, China's luxury market growth is again moving into positive territory, but 2016 marks the first time that Chinese consumers contributed less to global luxury sales than the year before, according to a report by Bain & Company. China's overall contribution to the global market declined to 30 percent in 2016, a drop of 1 percentage …

Chinese share of luxury market declines
8 years, 4 months ago

Chinese share of luxury market declines

China Daily  

After two years of recession, China's luxury market growth is again moving into positive territory, but 2016 marks the first time that Chinese consumers contributed less to global luxury sales than the year before, according to a report by Bain & Company. China's overall contribution to the global market declined to 30 percent in 2016, a drop of 1 percentage …

Spending on luxury goods slows
8 years, 8 months ago

Spending on luxury goods slows

China Daily  

A pedestrian walks past a fashion store of Louis Vuitton in Fuzhou city, southeast Fujian province, June 12, 2016. Both the Chinese mainland and Hong Kong continue to experience a slowdown in spending on luxury goods, with a slowing economy dampening consumer confidence, according to Deloitte China. Empowered by social networks and digital devices, luxury goods consumers are dictating increasingly …

China's luxury market slides 2% to 113b yuan in 2015
8 years, 11 months ago

China's luxury market slides 2% to 113b yuan in 2015

China Daily  

A Chinese woman looks at luxury goods showcased at a fashion boutique of Louis Vuitton in Nanjing city, East China's Jiangsu province, June 6, 2015. China's luxury market slid some 2 percent to 113 billion yuan in 2015, according to Securities Daily, citing the latest report from consulting firm Bain & Co. The consulting firm projected that the market size …

has the golden goose lost its luster?
8 years, 11 months ago

has the golden goose lost its luster?

China Daily  

A employee puts a handbag on the display shelf in a store in Hangzhou, Zhejiang in May 18, 2013. There's no question that China – once regarded by luxury goods manufacturers as the 'golden goose' of retail, has lost some of its luster. JingDaily, a digital publication that focuses on luxury consumer trends in China, recently reported that in 2015, …

China remains largest market for luxury goods
8 years, 11 months ago

China remains largest market for luxury goods

China Daily  

Chinese spend $184 billion overseas in 2015, with over 60 percent going to luxury goods. BEIJING - Luxury market observers say that China, the world's largest market, looks likely to continue to make up for the weaker demand elsewhere. Today, Chinese shoppers account for nearly half of the global luxury market, providing an invaluable demand to brands in every segment. …

Brighter future seen for China's luxury goods industry[1]- Chinadaily.com.cn
9 years, 1 month ago

Brighter future seen for China's luxury goods industry[1]- Chinadaily.com.cn

China Daily  

Two women inspect a Breguet wrist watch inlaid with 706 diamonds, and priced 1.77 million yuan.CHINA DAILY As Chinese spend on high fashion worldwide, local firms go shopping for brands to expand Retailers, investors and industry insiders believe China's luxury goods industry, despite losses for the second year in a row in 2015, is still well on its way to …

Brighter future seen for China's luxury goods industry[1]- Chinadaily.com.cn
9 years, 1 month ago

Brighter future seen for China's luxury goods industry[1]- Chinadaily.com.cn

China Daily  

Two women inspect a Breguet wrist watch inlaid with 706 diamonds, and priced 1.77 million yuan.CHINA DAILY As Chinese spend on high fashion worldwide, local firms go shopping for brands to expand Retailers, investors and industry insiders believe China's luxury goods industry, despite losses for the second year in a row in 2015, is still well on its way to …

Rich Chinese splurge on sportswear
9 years, 1 month ago

Rich Chinese splurge on sportswear

China Daily  

Pure apparel are displayed at its fitness center in Hong Kong on Feb 3. The deal is set to capitalize on a growing fitness craze which saw 134 marathon and road-running races held across the country last year, up 160 percent from 2014, according to the Chinese Athletic Association. US sportswear maker Under Armour expects China sales to leap 25 …

Luxury brands are still feeling the cold
9 years, 2 months ago

Luxury brands are still feeling the cold

China Daily  

China's luxury industry is still feeling the impact of the country's economic slowdown and domestic consumers' growing interest in shopping overseas. The industry contracted for the second consecutive year by 2 percent last year, with the total amount spent falling to 113 billion yuan, according to a report from consulting firm Bain & Co. Cross-border and overseas websites took 12 …

Most Chinese luxury consumption happens overseas: report
9 years, 4 months ago

Most Chinese luxury consumption happens overseas: report

China Daily  

BEIJING - China accounts for nearly half of the world's luxury consumption so far this year, but Chinese consumers do most of their shopping outside of the country, a Beijing-based consultancy said in a report on Tuesday. Chinese are expected to spend $116.8 billion on luxury goods this year, accounting for 46 percent of the world's total, said the Fortune …

Luxury shoppers to spend nearer home
9 years, 4 months ago

Luxury shoppers to spend nearer home

China Daily  

Potential buyers visit the Swiss-made watches zone at a luxury goods expo in Beijing. Despite wealthy Chinese tourists spending $45 billion on luxury items in foreign countries last year, Euromonitor International said nearer destinations such as South Korea and Thailand are taking the place of more distant venues such as North America or Western Europe. The global luxury goods are …

Luxury brands cut prices to revive China sales
9 years, 10 months ago

Luxury brands cut prices to revive China sales

China Daily  

BEIJING - International luxury brands are cutting prices in China to counter Chinese consumers' overseas shopping habits. Luxury goods producers have different price regimes for different regions and the Chinese market has been considered a "primary, immature market" with opaque pricing mechanisms and immature consumption. There have been longstanding complaints about the exorbitant prices of luxury goods in China compared …

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