The Strong Market For Luxury Goods Remains The Main Driver Of China'S Market.

China's demand for luxury goods is still strong, and has taken a prominent position in the announcement of major luxury companies this month.

As sales increased by 29% this year, Kai Yun group's profit growth in 2018 was high, chief executive officer Fran ois-Henri Pinault said, "as far as China's market is concerned, it looks very strong."

The sustainable sales of Herm s increased by 10% in 2018, and the group was also not affected by the slowdown in China.

The state of Moncler is similar, and the brand growth in China was strong in early 2019.

Estee Lauder's latest quarterly report also shows that because of the Chinese market, the beauty group has improved its sales forecast for the whole year.

In other brands, Italy fashion brand Marco De Vincenzo, the founder of Fendi leather chief designer, sold 35% of its brand name to a Italy independent investor Marco Panzeri with fashion investment background.

In 2014, Marco De Vincenzo was invested in LVMH (LVMH will retain 45% of the company's shares).

In addition, JAB Holdings, the investment arm of the Reimann family, announced that it plans to increase its stake in Coty group from 40% to 60%, and that the stock purchase will be worth 1 billion 700 million US dollars.

Bottega Manifatturiera Borse SpA, a luxury leather goods manufacturer based in Italy, bought the company earlier from Halder, a private equity group in Germany.

Savigny's index of luxury goods (SLI) continued to rise in February, rising by more than 7% at the end of the month, and by 3% in the Morgan Stanley Capital International Index (MSCI).

However, since the peak of last June, SLI has not recovered the loss of land: our index is still 8% negative, and the MSCI performance is flat in the same period.

Go up

Estee Lauder rose 15% in February, prompting the beauty group to upgrade its forecast for the current fiscal year, thanks to its strong quarterly results.

The peak group seems to be one of the main beneficiaries of China's strong market this month.

At the same time, Herm Ji s and Kai Yun announced that its jewelry and watch department's performance was outstanding, rising nearly 12%, and its share price rose sharply thereafter.

The group's share price rose nearly 10% this month due to another group of reports that satisfied the market.

decline

Tapestry did not meet market expectations.

Due to weak sales of Kate Spade, its first quarter profit has not reached two years.

The group downgraded its forecast for the year, and investors cut losses, and shares fell 10% in that month.

Safilo fell out of favour this month and lost 7% of the market price.

This may be partly due to the announcement of LVMH announcing the establishment of its second spectacle production base with its partner Marcolin.

The company's news:

The ethics of the fashion industry is being scrutiny more and more, thanks to the constant supervision of social media.

This season, Coach stopped using fur, while Victoria Beckham banned fur.

LVMH, who had been criticized by PETA for its cargo sources, announced that it would take steps to ensure that the group could purchase traceable crocodile skin responsibly.

In recent months, many brands have once again fallen into the vortex of racial discrimination, including Dolce & Banana's "chopsticks eating" video, Prada and Gucci's black case, and the recent Burberry's "noose" Hoodie.

In response to the strong opposition of consumers and public opinion, Prada has set up a pluralistic committee to "emphasize the voice of race and diversity in Prada and fashion industry".

Author: Pierre Mallevays