“The scandal of the century.”Nicolas Puech had a 6% stake in the French fashion house, then his stock went missing. 1843 investigates https://t.co/TGYWBDcUii ...

Company Leadership & Governance - Hermès CEO's role includes maintaining family unity [1] - Family firms require more than just business skills [1] - Potential risk exists from heirs seeking to sell their shares for cash [1]

Nicolas Puech had a 6% stake in the French fashion house. Then his stock went missing https://t.co/cxzyu4kLoq ...

Hermès Heir Reportedly Sues Bernard Arnault And LVMH, Alleging $16 Billion Worth Of Hermès Shares Sold Without His Knowledgehttps://t.co/Vz5IpFTHxX https://t.co/w0OfQBeQ2n ...

An Hermès heir is suing conglomerate LVMH and its billionaire CEO Bernard Arnault in a Paris civil court in a bid to recover about €14 billion ($16.3 billion) for his alleged lost shares https://t.co/7VbYYye9jN ...

Core Insights - The global luxury apparel market is projected to recover gradually after a 2.4% contraction in 2024, with growth returning in 2025 primarily driven by price increases rather than higher sales volumes [1][2] - The market is expected to grow at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2029, outperforming the broader apparel market starting in 2028 as the financial conditions of aspirational shoppers improve [3] Market Segmentation - Clothing is anticipated to be the strongest category through 2029, with a CAGR of 3.1%, driven by ultra-wealthy consumers' willingness to spend on trend-led pieces; womenswear is expected to outperform menswear [4] - Accessories, particularly luxury handbags, are projected to achieve a CAGR of 2.9%, while footwear is expected to be the weakest area with a modest CAGR of 1.0% due to strong demand for trainers from premium and mass-market brands [4] Regional Analysis - The Asia-Pacific region is expected to be the growth engine, with the highest regional CAGR of 4.0% between 2024 and 2029, supported by the recovery in China and growth in emerging Asian markets [5] - Europe and the Americas are forecasted to experience softer growth rates of 1.8% and 1.5% CAGR respectively, hindered by sluggish economies and the lingering effects of US tariffs [5] - The Middle East and Africa are projected to increase their share of the global market, with Saudi Arabia and the UAE benefiting from tourism and strong domestic spending [5] Competitive Landscape - Luxury brands retained their market power in 2024, with Louis Vuitton maintaining its position as the largest apparel brand, increasing its market share to 9.8% [6] - Hermès was a standout performer, expanding its market share by 0.7 percentage points to 6.0%, while Chanel also gained share through strategic price increases [6] - Conversely, brands like Gucci and Burberry lost market share due to unclear positioning and weaker product offerings [6] Recovery Drivers - The recovery outlook is supported by structural factors, including the continued demand from ultra-wealthy customers, which stabilizes top-tier luxury houses [7] - Improvements in macroeconomic conditions and rising consumer confidence are expected to gradually bring back aspirational shoppers, particularly from the middle and upper-middle segments [7]

From Chanel baseball shirts to the original Hermès Birkin, Japan’s secondhand market has become the ultimate destination for luxury hunters. https://t.co/gL7IIqKzUd ...

Market Trends - Japan's secondhand market is becoming a prime destination for luxury goods hunters [1] - The market features items ranging from Chanel baseball shirts to Hermès Birkin bags [1]

From Chanel baseball shirts to the original Hermès Birkin, Japan’s secondhand market has become the ultimate destination for luxury hunters. https://t.co/YogurveIhf ...

From Chanel baseball shirts to the original Hermès Birkin, Japan’s secondhand market has become the ultimate destination for luxury hunters. https://t.co/5lS8IPWRly ...