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Slowing Chinese Economy Can’t Stop L’Oreal’s Lipstick Index Surge
“We are seeing no slowdown” in the Chinese luxury market, L’Oreal CEO Jean-Paul Agon said during the company’s earnings call on Tuesday, April 16th. As French beauty brand L’Oreal SA reported its first...
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Kering Barely Beats Estimates with Help from Domestic Consumption in China
French luxury group Kering S.A., which owns Gucci, Yves Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, and others, released its first quarter earnings on April 17th after the markets...
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Hermès Sees No Signs of Slowing Demand in China
International luxury brands have reported stellar results thus far in 2019, and Hermès continued this upward trend with the release of its first-quarter results on April 25. While the market has given...
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Estée Lauder Companies Follows Strong Earnings with a Retail Price Cut in China
The same day it reported strong fiscal third-quarter earnings, the American premium beauty giant Estée Lauder Companies (ELC), which is the parent company of brands like Estée Lauder, La Mer, MAC, and...
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China, South Korea Power Moncler’s Growth Streak
The Italian luxury brand Moncler seems unstoppable these days. Despite the global retail industry going through turbulent times thanks to geopolitical uncertainties like Brexit and the U.S.-China trade...
View ArticleLVMH Lauds 2019 Financial Results, But Remains Cautiously Optimistic
Off a record year in 2018, in which it logged €46.8 billion in revenue, luxury giant LVMH Moët Hennessy Louis Vuitton (LVMH) released their 2019 first half results on July 24. Despite other luxury...
View ArticleGucci Keeps Kering’s First-Half Earnings High — But for How Long?
Last week, the French luxury group Kering, owner of a portfolio of brands that includes Gucci, Bottega Veneta, and Saint Laurent, reported its first-half 2019 earnings. Recording consolidated...
View ArticleWhat Kering’s First-Half Results Say About Chinese Consumer Trends
According to Kering’s first-half 2019 results released in July, China remains the main driver of the luxury industry, despite slow gains in key areas. Recording a consolidated revenue of €7.638...
View ArticleA Stagnant Prada Reckons with A Changing Chinese Customer
While luxury rivals like LVMH and Kering celebrate optimistic financials in the first half of 2019, with LVMH recording a 12 percent increase in overall organic growth year-over-year and Kering revenue...
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LVMH Outperforms in Q3, Defying an Uncertain China Market
Coming after surprisingly strong results in the first half of the year, which left execs “cautiously optimistic” for 2019, luxury giant LVMH recently released a Q3 2019 earnings report that showed...
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Following Hong Kong Hit, Burberry Announces Bounce Back Strategy with Tencent
This morning saw British super brand Burberry report strong H1 results, despite continued unrest in Hong Kong shaking profits in the region. Hong Kong revenue dropped from 8 percent to 5 percent of...
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LVMH Finished 2019 On A High, While Coronavirus Beats Hong Kong Protests As...
The Jing Take reports on a piece of the leading news and presents our editorial team’s analysis of the key implications for the luxury industry. In the recurring column, we analyze everything from...
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Will Ralph Lauren’s Asia Digital Strategy Steer It Through The Virus Crisis?
What Happened Today, Ralph Lauren Corp. reported better-than-expected earnings for its third quarter of FY2020, which ended on Dec. 28 before the coronavirus outbreak hit. Asia shows strong momentum in...
View ArticleCould Capri Holdings Lose $100M Over The Coronavirus?
What Happened Capri Holdings Limited, the global fashion luxury group, said there might be a loss of $100 million in future revenue due to the ongoing coronavirus crisis, after announcing growth in...
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Estée Lauder Lowers Outlook, Citing Global Impact on Travel Retail Due to...
Estée Lauder Companies (ELC), the American cosmetics conglomerate which houses over 25 brands, including Estée Lauder, La Mer, Clinique, and Le Labo, reported double-digit growth for Q2 FY2020 this...
View ArticleMoncler Leveled by the Coronavirus Despite Strong 2019 Sales
On October 24, Italian puffer-jacket maker Moncler reported another year of double-digit growth over the first nine months of 2019, according to its latest financial report. Its revenue grew by 15...
View ArticleKering Has A Soft Landing in 2019 But 2020 Remains Uncertain
Kering wrapped up 2019 with a modest 13.3% increase when compared to their monstrous 29.4% increase in 2018. Their annual growth of recurring operating income also slumped from 46.6% to 19.6%, as...
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Hermès Remarkable China-Fueled Strategy Pays Off
What Happened The French luxury house Hermès reported Wednesday exceptional results and revenue growth in 2019, stating that revenue increased by 15.4% at the current exchange rate and by 12.4% at the...
View ArticlePrada Sees Double Digit Growth in APAC, Excluding Hong Kong
What Happened Italian luxury fashion house Prada SpA, parent company of Prada, Miu Miu, Church’s and Car Shoe, reported on March 18 that their FY 2019 results (ending December 31, 2019) showed...
View ArticleNo Surprise in Ferragamo Earnings Amid Global Downturn
What Happened: The Salvatore Ferragamo Group announced that preliminary consolidated revenues were down by 30.6% to 220 million Euros. While the group showed steady performance in January, by February...
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