The Global Luxury Market Is Recovering.
France
Luxury goods
Tycoon
Hermes
The group's three quarter results further verified the recovery of the global luxury market.
This road is under the banner of LVMH.
Louis Vuitton
Gucci's Kering brand has released better than expected results, pushing the parent company's share price soaring.
According to Hermes's report, the third quarter sales increased by 8.8% according to the fixed exchange rate, higher than the market expectations, partly thanks to the rebound in the Chinese market.
Over a month, luxury goods such as Lu Wei Mo Xuan, Kai Yun, Hermes, Richemont, Burberry and Hugo (HugoBoss) rebounded all the way.
The luxury market in mainland China is rebounding and the Hongkong market has improved. The British pound has been heating up the British luxury market, and the US market is relatively strong, even though the US dollar continues to grow.
As the world's largest luxury consumer group, Chinese customers constitute more than 1/3 of global luxury demand.
Luxury industry giants say that after experiencing weakness over the past few years, Chinese consumers are reopening their wallets, partly because government policies encourage domestic consumption.
These advantages now surpass the fears of a slowdown in the European tourist market caused by terrorist attacks, and fears that consumers in Russia, the Middle East and Brazil will decline in purchasing power due to the depreciation of their currencies.
In a report, HSBC pointed out: "many psychological catalysts to suppress demand for luxury goods, including the depreciation of the renminbi and the terrorist attacks in Paris, have been left behind.
Every market is improving or restoring the previous growth momentum, except Japan. "
HSBC said luxury stocks have been short of hedge funds for a long time.
Now, hedge funds still have short interest stocks. Only Cartire's parent company, Switzerland's peak group, has half of its sales from watches, which is the weakest link in the entire luxury sector.
The peak is also one of the few luxury stocks that have been recorded so far this year, compared with the best performing luxury stock this year.
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