According to a recent study by RBC Capital Markets, All Posts, investors are re-optimistic about the luxury industry as performance in the Asia Pacific and China markets improves.
Analyst Rogerio Fujimori wrote: Gucci and Louis Vuitton, the most iconic super brands in the luxury goods industry, have seen same-store sales growth in the third quarter, which means an increase in market share, he also pointed out in a recent survey. These two luxury giants are still among the favorite brands of Millennials in the United States.
He pointed out: "Major markets such as Greater China, South Korea and the United States helped the two companies achieve sales growth in the third quarter, while also boosting share prices."
The situation at Louis Vuitton may be more complicated, similar to the case of Luxottica and Tod's Group.
Rogerio Fujimori said: "The rumors of the merger with Coach once prompted Burberry's share price to soar. Considering the size of Burberry, the brand life cycle, special brand strategy and limited cost synergy, we believe that the probability of such a merger transaction is small. But never say forever."
Pandora, Hermès International, Richemont and JimmyChoo will announce their third quarter earnings in the coming weeks. RBC expects sales of Hermès leather products to achieve double-digit growth.
The report reads: "We are still noticing that DiorCouture's third-quarter results have continued to improve significantly." According to reports, Dior's high fashion revenue increased by 7% to 5.02 in the three months ended September 30. One hundred million euros. Dior Couture said: "This is a positive change compared to the downturn in the previous quarters."
At the same time as the report was released, RBC will increase its earnings per share forecast for Kering's parent company, Kering, by 4%, increasing its forecast for Luxottica's sales and EBIT.
Warm and stylish! This Parker coat will be fine in winter (Photos)
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