Kering issues luxury profit warning, Gucci sales to plunge 20%
A Gucci store at Harbour City shopping mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023. Bloomberg | Getty Images Shares of French luxury…
How ‘quiet luxury’ is subtly taking over investor portfolios
VIENNA, AUSTRIA – NOVEMBER 25, 2022: Karin Teigl is seen wearing Hermès yellow leather mini Kelly, Baum & Pferdgarten green leather jacket, Lumina beige cropped turtleneck sweater and vintage checked…
These luxury stocks won’t lose their luster even as sales growth slows
The binge on designer brands is over. After three years of record growth, luxury companies are feeling the pain as sales slow to a more normal pace. On Friday, an…