Vietnamese property tycoon Truong My Lan pleaded with the court to let her keep two Hermes Birkin Himalaya handbags after she was convicted of embezzling more than $12 billion https://t.co/x8onxMqi35 ...

RT T. Potter (@tpottery_)Just acquired a Guizhou province matcha girl. Adding her to the list of girls:- Marukyu Koyamaen matcha girl (only available in Japan these days)- Korean matcha (Jeju) and skincare (Oliveyoung) girl- Hangzhou Longjing tea girl- Chinese dried krill and jellyfish girl (my Mom’s friend from church)- Taobao package mule girl- Hyundai Card cafe girl- Korean metal tableware girl- Tatami mat girl- Urushi lacquer supply girl- Korean lacquer supply girl (better abalone shell selection imo)- ...

Core Viewpoint - Nicolas Puech, heir to Hermes, has initiated a civil lawsuit against Bernard Arnault and LVMH, claiming he was deprived of Hermes shares valued at billions [1] Group 1 - The lawsuit involves multiple parties, indicating a complex legal situation surrounding the ownership of Hermes shares [1] - Puech's claim highlights potential disputes within the luxury goods sector, particularly regarding ownership and control of high-value assets [1] - The case may have implications for LVMH's reputation and operational dynamics within the luxury market [1]

Core Insights - Hermes has successfully utilized its rich craft-based heritage to establish a leading position in the luxury market, characterized by carefully crafted scarcity, strong brand identity, and a significant international presence [1] Group 1: Company Overview - Hermes is recognized for its unique luxury business model that combines craftsmanship with brand strength [1] - The company's strategic focus on scarcity has contributed to its market differentiation and appeal [1] Group 2: Market Position - Hermes is positioned as one of the most prominent luxury brands globally, leveraging its heritage and international reach [1]

Market Analysis of XDC - XDC is currently in a downtrend, testing a major low around 4 and a half cents, with potential for bullish structure formation if it holds support near 5 cents [2][4] - A potential inverse head and shoulders pattern is forming, suggesting a possible bullish reversal if support holds around the November 4th-5th low [3][4] - Bitcoin's momentum is crucial for XDC's price action, with the market hoping for Bitcoin to gain strength and carry the rest of the market [5] - Short-term price action for XDC appears bearish, but flipping 5.015 cents would be a significant bullish signal [7] Exchange Listings and Market Exposure - XDC has experienced a surge in exchange listings, including Kraken, Binance US, Pionex (ranked 32 with $2.05 billion in 24-hour trading volume and over 253,000 weekly visits), LA Token ($134 million in trading volume, 7,000 weekly visits), BitTap (87,426 weekly visits), Bit Baby ($176 million in trading volume, 738,000 weekly visits), MGBX ($521 million in trading volume, 80,000+ weekly visits), BTSE (ranked 70 with $229 million in trading volume, 1.5 million weekly visits), BTCC (ranked 48 with $683 million in trading volume, 2.2 million weekly visits), VUX ($782 million in trading volume, 2.1 million weekly visits), and WEX (top 30 with $1.5 billion in trading volume, 3.2 million weekly visits) [10][11][12][13][14][15][16] - These listings provide increased liquidity and exposure to a potential audience of over 10 million weekly visits across these exchanges [19][21] - XDC is already listed on top-tier exchanges like Bybit, BitGet, Gate.io, Coin, and MEXC [22][23] Ecosystem Growth and Integrations - USDC on the XDC network is expanding, with over 91% growth in the last 30 days and integration with Indoex [24][25] - XDC is recognized as one of the fastest-growing layer-one blockchains, with a 94+% increase in monthly active addresses, reaching 34,600 [26] - XDC is ranked number two in top RWA (Real World Asset) projects by market capitalization [27] - DeFi expansions and integrations are increasing, including Hermes enabling seamless bridging of XDC [29][30]

Core Insights - The retail landscape during Black Friday has shifted, with a notable change in consumer behavior and store traffic patterns compared to previous years [1][4] - Macy's has introduced 40% new products, including popular items like La Boo-Boo dolls and various new cosmetics brands, indicating a focus on novelty and brand engagement [2][3] - Retail analysts express cautious optimism for the holiday season, highlighting a bifurcated consumer market where high-end consumers are spending while lower-income consumers face pressure [5][6] Retail Trends - The level of promotions this year is similar to last year, suggesting a consistent approach to sales strategies among retailers [4] - Retailers are focusing on maintaining competitive pricing for entry-level items while consumers are increasingly seeking value and promotions [6] - Outerwear and apparel are expected to drive sales, with specific products like aura rings and mass metal glasses gaining popularity [8] Market Dynamics - The luxury retail sector is experiencing significant changes, with brands like Prada expanding their physical presence and potential mergers being discussed in the industry [9][11] - The trend towards smaller store footprints is evident, with a shift towards online engagement and in-store pickup options [13] - The future of shopping malls is anticipated to be more curated, featuring special brands and enhanced food and activity offerings to attract consumers [15] Company Strategies - Companies like Steve Madden are expected to benefit from acquisitions that will enhance sales and margins in the coming years [16]

Core Insights - The luxury retail sector is experiencing stability, driven by high-income consumers who continue to invest in timeless products despite rising prices [2][4][10] - The scarcity of high-end products is a strategic move by brands to maintain exclusivity and drive prices higher, benefiting luxury brands like Chanel and Hermes [4][10] - Aspirational consumers are increasingly important, as they seek to elevate their spending on luxury items, indicating a shift in consumer behavior towards high-end products [5][12] Retail Trends - The luxury market is seeing a shift from traditional retail to experiential shopping, with brands focusing on fewer flagship stores that offer unique experiences [9][10] - Luxury brands are moving away from department stores and are instead targeting top regional shopping centers to enhance consumer engagement and loyalty [11][12] Economic Outlook - The current interest rate environment is expected to remain stable, with projections indicating a range of 50 to 75 basis points for the next couple of years [8] - Companies are planning their financing strategies carefully to ensure continued investment in high-end retail properties and consumer experiences [9]

Market Trends & Outlook - The luxury sector is experiencing a split, with ultra-luxury performing well while middle and bottom tiers decline [4][5] - The aspirational luxury buyer has largely disappeared, impacting soft luxury goods like leather goods, handbags, shoes, and clothing [5][6] - The luxury sector is expected to be globally flat in 2025, with potential for only slight growth [3] - There are 50 million fewer luxury consumers than two years ago [4] Pricing & Consumer Behavior - Doubling or tripling prices of luxury goods without noticeable improvements has negatively impacted sales [9] - Consumers are struggling to reconcile the high prices of luxury goods with their perceived value [14] - Younger generations are increasingly prioritizing experiences over conspicuous consumption and status goods [12] Company Strategy & Adaptation - Luxury companies, particularly those focused on logos, may face challenges [11] - Hard luxury goods companies are exploring experiential retail to adapt to changing consumer preferences [12][13] - Luxury companies need to revert to their original focus on providing exceptional in-store experiences [13][14]

And it’s gone congrats @hermesmeta ...

Investment Rating - The report maintains an "Outperform" rating for the luxury goods sector [7]. Core Insights - The luxury goods sector is showing signs of recovery, particularly in the Greater China region, with brands reporting varying degrees of improvement in Q3 2025 compared to Q2 [2][3]. - LVMH's Q3 2025 revenue grew by 1% year-on-year to €18.28 billion, with significant improvement in the Chinese market [3][18]. - Hermes reported a 9.6% year-on-year revenue increase in Q3 2025, with growth across all regions [4][24]. - Kering's revenue decline narrowed significantly to 5% year-on-year in Q3 2025, indicating a recovery trend [5][28]. Summary by Sections Luxury Goods Performance - LVMH's revenue in Q3 2025 showed a year-on-year increase of 1%, driven by fashion and leather goods, with notable recovery in the Chinese market [3][18]. - Hermes achieved a revenue of €3.9 billion in Q3 2025, with a 9.6% year-on-year growth, outperforming analyst expectations [4][24]. - Kering's Q3 2025 revenue was €3.42 billion, reflecting a 10% decline year-on-year, but an improvement from previous quarters [5][28]. Regional Performance - In Asia (excluding Japan), LVMH, Hermes, and Kering reported year-on-year revenue changes of +2%, +6%, and -16%, respectively, indicating a mixed recovery across brands [2][3]. - Hermes experienced strong growth in Japan, with a 13.8% increase, while the Americas saw a 14.1% growth [4][24]. Brand-Specific Insights - LVMH's organic revenue growth varied by region, with the U.S. and Asia (excluding Japan) showing improvements of +3% and +2%, respectively [3][18]. - Kering's brands, including Gucci and YSL, reported declines of -14% and -4%, respectively, in Q3 2025, but showed signs of recovery compared to previous quarters [5][28].