一、国际新闻 国际贵金属市场近期波动显著，现货黄金价格在周二（1月27日）纽约尾盘涨3.52%，刷新历史高位至 5187.37美元/盎司，亚太盘初以来在5013.93-5100美元区间震荡上行，04:00后显著加速走高。 COMEX黄金期货涨1.82%，报5175.10美元/盎司，日内大部分时间持稳于5080美元附近，05:00美股收盘 时（电子交易盘）刷新历史高位至5187.20美元；4月合约涨3.45%，报5217.30美元，一度触及5225.80美 元。 随后，现货黄金突破5190美元/盎司，日内涨幅达3.63%，但亚太时段出现回调，失守5160美元/盎司， 日内跌0.42%。 纽约期金同样呈现震荡，曾突破5220美元/盎司，日内涨1.95%，后失守5200美元/盎司，日内仍涨 1.55%。 白银市场波动更为剧烈，纽约期银日内涨6.66%突破113美元/盎司，随后失守111美元/盎司，日内涨幅 收窄至4.73%。 现货白银同步冲高后回落，突破113美元/盎司后失守111美元/盎司，日内转跌0.88%。 能源市场方面，美国天然气期货价格大幅震荡，先涨超7%至7.284美元/百万英热，随后因产量恢复及需 求 ...

LVMH’s wine-and-spirits sales fell again in the final three months of 2025, sliding back after a positive third quarter. The Moët & Chandon and Hennessy owner booked a 9% decrease in organic revenue from wine and spirits for the fourth quarter, a result that contributed to an annual decline of 5%. LVMH’s wine-and-spirits business, which also includes brands such as Glenmorangie whisky and Belvedere vodka, has struggled for growth in recent quarters. In the third quarter of 2025, the division’s sales ros ...

This story was updated at 5:55 p.m. ESTPARIS — LVMH Moët Hennessy Louis Vuitton is buckling up for another bumpy year.The French luxury goods giant, which owns brands including Louis Vuitton, Dior, Sephora and Tiffany & Co., said sales fell 5 percent in the fourth quarter, impacted by weak demand and negative currency trends.Revenues totaled 22.7 billion euros in the three months to Dec. 31, representing a rise of 1 percent at constant exchange.In 2025 as a whole, LVMH posted revenues of 80.8 billion euros ...

LVMH集团四季度时装与皮草有机销售下降3%，分析师预期下降2.94%。 四季度营收227.2亿欧元，分 析师预期225.9亿欧元。 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 风险提示及免责条款 ...

. Revenue: €80.8 billion. Organic growth in the second half of the year. Profit from recurring operations: €17.8 billion. Free cash flow: €11.3 billion . Major economic and social impact in France and around the world Paris, January 27, 2026 LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, recorded revenue of €80.8 billion in 2025. LVMH showed good resilience and maintained its innovative momentum despite a disrupted geopolitical and economic environment. Europe saw a decline in the ...

Louis Vuitton owner LVMH shareholders are pressing for clearer succession planning at the luxury conglomerate, as questions over Bernard Arnault’s future unsettle some investors. According to Reuters, the 76-year-old CEO and chairman has yet to designate an heir. Arnault has run the group for nearly four decades and oversees more than 70 brands, including Dior and Tiffany. Last April, investors supported a proposal to lift the age cap on his dual role to 85, though the decision attracted notable resist ...

Core Viewpoint - Investors are optimistic that LVMH's upcoming annual results will indicate a recovery from a prolonged slowdown in the luxury market, while also seeking more decisive actions from CEO Bernard Arnault to enhance performance [1] Group 1 - LVMH is expected to report annual results that reflect signs of recovery in the luxury sector [1] - There is a demand from investors for increased initiatives from CEO Bernard Arnault to improve the company's performance [1]

Some LVMH shareholders are seeking clarity on how and to whom Bernard Arnault plans to hand over leadership of the luxury giant he has been steering for almost 40 years, saying the lack of transparenc... ...

当下，线下零售的核心已从"商品交易"转向"体验消费"，这也是奢侈品品牌聚焦大店战略的关键逻辑。大店的价值在于承载注意力、停留时间与记忆点，激 发消费者的体验型消费需求。这样的空间载体，让消费者在互动中获得情绪价值，完成从"种草"到"体验"再到"认同"的消费链路。 吴越指出，零售行业的进步源于长期的消费者互动，情绪价值并非固化，而是在品牌与消费者的共同成长中持续迭代。展望未来，随着中国年轻消费群体的 持续成长和时尚生态的不断完善，北京作为核心时尚阵地，将继续推动本土文化与国际潮流的深度融合，中国市场在国际时尚版图中的重要性也将持续提 作为全球奢侈品巨头，LVMH集团深度参与并见证了北京时尚消费的变迁。LVMH集团大中华区总裁吴越认为，门店不再是单纯的售货空间，而是成为传递 品牌文化、承载情绪价值的"舞台"。同样，北京时尚消费地标的演变，本质上是本土文化与国际潮流深度融合的过程。 吴越表示，北京的时尚生态虽与上海、香港等城市存在差异，但核心均在于以消费者需求为导向的情绪吸引。同时，中国时尚在国际潮流中的地位已实现根 本性变革，中国市场正处于"努力学习影响世界"的关键阶段。这一转变的核心驱动力，是年轻群体的见多识广 ...

Core Insights - Successful companies in China should focus on niche markets where they can excel, as these small tracks offer significant opportunities [1] - Companies should avoid spending in areas where they cannot win and be willing to take bold risks in areas where they can succeed [1] Industry Trends - The efficiency of Chinese manufacturing has reached its peak, and mere cost advantages can no longer support brand growth. By 2026, Chinese brands will face challenges not just in production but in occupying industry ecological positions and selling brand value [4] - The next decade is seen as a golden era for lifestyle brands, particularly in sectors like beauty, home, dining, and fashion, where global markets are ripe for engagement [4] - Many Chinese companies struggle with price increases, consumer discount mentality, and lack of compelling brand narratives, which contrasts with the enduring success of European brands that leverage cultural empathy and scarcity [4] Learning Objectives - The three core elements of enduring European brands are: 1. Scarcity narrative: Transitioning from "selling products" to "selling dreams" [5] 2. Supply chain control: Defining industry gold standards [7] 3. Lifestyle definition: Redefining spaces and sensory experiences through design and innovation [9] Educational Experience - The program includes visits to prestigious institutions and brands such as LVMH, Kering, and L'Oréal, focusing on how they maintain their market positions through storytelling, craftsmanship, and technological innovation [6][13][15] - Participants will learn about the importance of brand origin stories and how to create an unassailable competitive moat [15] - The curriculum emphasizes the significance of standardization and globalization in culinary arts, as exemplified by Le Cordon Bleu, and how this can be applied to brand cultural output [16] Practical Applications - Insights from Loro Piana and other top suppliers will illustrate how controlling scarce resources can grant ultimate industry authority [20] - The program will also explore how design-driven manufacturing can elevate products from mere utility to art, achieving significant price premiums and profit margins [21]