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Luxury's Coronavirus Recovery: Who's Ahead and Who’s Behind?

Some sank, others surged. BoF examines how Kering, Hermès and Moncler stacked up against the high bar set by LVMH’s fashion and leather goods division last week.
A fashion week attendee wears an Hermès Birkin bag and some Bottega Veneta pumps | Source: Getty Images
By
  • Robert Williams
BoF PROFESSIONAL
  • Last week, LVMH said 3Q fashion sales returned to double-digit growth

  • Hermès also returned to growth, rising 7 percent

  • Kering's Gucci sank 9 percent, smaller Bottega Veneta jumped 21 percent

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Kering Profits to Plummet 40-45% in First Half

The guidance was issued as the French group released first-quarter sales that confirmed forecasts for a slowdown. Weak demand in China and poor performance at flagship Gucci are weighing on the group.


Can Kering Turn Things Around?

As the French luxury group attempts to get back on track, investors, former insiders and industry observers say the group needs a far more drastic overhaul than it has planned, reports Bloomberg.


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