PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods company, reported first-quarter sales that trailed analysts’ estimates as revenue from wine and spirits dropped on destocking by retailers in China.
The Savigny Luxury Index fell 2.2 percent this month, as the standoff between the West and Russia over its annexation of Crimea sparked fears of a drop in luxury goods sales to valuable Russian tourists.
This season, a wide diversity of fashion films provided evidence that the genre has matured.
BoF founder and editor-in-chief Imran Amed looks back at the Autumn/Winter 2014 season.
PARIS, France — While Gucci and Louis Vuitton blame slumping sales on their upmarket drive they argue will help them regain some of their lost glory, there is growing evidence they are losing out to newer, more affordable luxury brands.
The Savigny Luxury Index (“SLI”) leapt by 6.7 percent this month, overperforming the MSCI World Index (“MSCI”) by almost six percentage points, as luxury sector investors seem to have received the reassuring they needed from a number of positive signals, reports Pierre Mallevays of Savigny Partners.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.