Financial Reporting
Global Luxury Rebounds: LVMH, Hermès Sales Soar Due To Chinese Spending
Luxury spending in China is outpacing the growth of the country's economy. Companies like LVMH are taking note and expanding their presence in the newly-reopened nation. Read More
China Continues To Fuel Spring Luxury Rebound
The return of Chinese consumer demand is propelling the stock prices of European luxury groups like LVMH and Hermès to new highs. Read More
April Earnings: Kering Lags LVMH As BYD Boasts Fivefold Profit Growth
With brands yet to fully reap the benefits of China’s reopening in the first quarter, the strongest players are pulling further ahead. Read More
Hermès Hits €200 Billion Valuation On Surging Sales Thanks To China’s Ultra-Rich
Between strong first-quarter sales, a renovated Beijing store, and a soaring market capitalization, Hermès has a lot to celebrate this year so far. Read More
March Earnings: Perfect Diary Falls Short While Adidas Deals With Ye Breakup
Although strides have been made in 2023, Yatsen and Adidas are realistic about their near-term growth prospects as they deal with the aftermath of 2022. Read More
Will Chengdu’s Luxury Shopping Malls Reclaim Growth Momentum In 2023?
Luxury malls Chengdu IFS and the Taikoo Li Chengdu both saw declining revenues in 2022. What will 2023 bring? Read More
‘Unicornus Rex’: L’Oréal Combines Scale And Innovation To Defend Pole Position
While L’Oréal and Hermès outperformed competitors in 2022, Canada Goose struggled with COVID-19 disruptions in December, its key trading month. Read More
Earnings: Burberry, Richemont Brave China Headwinds While Swatch Group Shoots For Record 2023
Despite tanking sales in December, luxury brands are hopeful that China’s reopening and Lunar New Year festivities will spell a more prosperous 2023. Read More
Bernard Arnault’s LVMH Becomes First European Company To Break €400 Billion Market Value
LVMH has cemented its standing as Europe’s most valuable company, further distancing itself from competitors. What accounts for its tremendous success? Read More
2022 Financial Results: Lululemon Got Local In China, While Calvin Klein, Tommy Hilfiger Made Global Waves
China remains a key driver of the fashion industry’s long-term growth. So how did global players perform there at the end of 2022? Read More
