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End of Luxury

A collection of 3 posts
Are Hermes Stocks Down?
hermes

Are Hermes Stocks Down?

A recent Reuters article states that Hermes, the luxury giant, previously known to be an untouchable brand are down by 6% in their shares. However, other luxury brands like Gucci and Burberry, have seen better days as well.
09 Sep 2024 2 min read
Luxury Fashion Downturn: Customers Prefer Buying from Third Party over Snobbish Boutiques
Luxury Brands

Luxury Fashion Downturn: Customers Prefer Buying from Third Party over Snobbish Boutiques

Louis Vuitton’s goods on Dewu grew 11% to 2.6 billion yuan ($358 million) in H1 2024, accounting for over 14% of their China sales. Other labels like Christian Dior, Hermès, Chanel, and Prada also saw double-digit growth.
09 Aug 2024 2 min read
Luxury Fashion Brands in Further Decline, Burberry and Hugo Boss Hit Hard
Burberry

Luxury Fashion Brands in Further Decline, Burberry and Hugo Boss Hit Hard

Burberry, Hugo Boss, Swatch Group, and Richemont recently reported disappointing second-quarter earnings, signaling challenges for luxury brands in Asia. Burberry shares plummeted over 16%, while Hugo Boss shares dropped nearly 7.5%.
22 Jul 2024 2 min read
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