Western luxury merchants have a window of opportunity in China, write @AndreaFelsted and @julianaliu (via @opinion) https://t.co/pU0ADSDCne ...

Chinese consumers are losing interest in heritage European and US luxury brands, instead favoring homegrown premium labels for their distinctive Eastern aesthetic.Read more on how China's $49 billion luxury market is changing fast: https://t.co/PGX24nw9ZP📷️: Songmont https://t.co/U8LG5ttP7k ...

Let's talk about luxury. Why not. Right.I have, you know, some of these foreign brands like LVMH. I have to move over. I there's there's things are changing in the billion dollar luxury market we're spending on foreign premium brands have actually started stalling in the mainland.And really the rise of these sort of local premium brands. Right. Have you ever heard of the likes of Wildlife Go Got we talk about that quite a bit here.So Mont Mao groupie, I actually had to look it up a little bit to some of the ...

As one of the world's most important ports, there is no shortage of ships docking in Shanghai. But the vessel that is capturing the most attention is morowed on dry land. This is the Louie, a downtown exhibition and store launched by Louis Vuitton, complete with a vast hull and an anchor shaped in the letters L and V.The ship is an attempt to navigate the shifting tides of China's luxury market. Once the world's growth driver, but now a source of deep uncertainty. Louis Vuitton said it helped lift China sal ...

Core Viewpoint - Tapestry, Inc. is experiencing positive sentiment from analysts, with Evercore ISI maintaining an "Outperform" rating and raising the price target, indicating confidence in the company's future performance [2][5]. Company Performance - Tapestry's stock price is currently $105.98, reflecting a decrease of $3.84 or -3.50% [3][5]. - The stock has shown significant volatility over the past year, with a high of $118.56 and a low of $47.22 [3]. - The company's market capitalization is approximately $22.06 billion, indicating a substantial presence in the luxury market [4][5]. - Today's trading volume for TPR is 1,063,241 shares, demonstrating active investor interest [4][5]. Analyst Ratings - Evercore ISI has raised Tapestry's price target from $125 to $129, reflecting improved confidence in the company's earnings prospects [2][5]. - Tapestry has received an upgrade to a Zacks Rank 2 (Buy), suggesting an optimistic outlook on its financial performance [2][5].

Hermès has soared to a rarefied place in the luxury stratosphere. It has become one of the most valuable companies in the world by operating unlike the rest of the industry. 🔗 https://t.co/6wXZ5rApye https://t.co/oYo7nlwCzB ...

Industry Trend - The fashion industry is experiencing a talent shake-up [1] - The shake-up aims to revive the ailing luxury market [1]

The biggest challenge is being able to have this to make the pace of change coherent for everyone in the company because change is a lot. Anxiety is a lot and how do you ensure that they can take change in digestible ways. How do you make that pace of change coherent, well-paced for everyone to come with you on the journey.[Music] [Music] [Music] We're so honored to have you here. So delighted to be here. Today was a very big day for you.Can Can we Lena was inducted as a commander of the Order of the Britis ...

Taxation Trends - Local governments are increasing taxes on vacation homes of wealthy individuals to generate revenue [1] - Rhode Island implemented a property tax on primary residences valued at $1 million or more, adding $5 for every $1,000 in assessed value [2] - Montana is implementing a tax that will raise property taxes by 68% for vacation homes while lowering taxes for full-time residents [4] - Cape Cod is considering a special transfer tax on homes sold for over $2 million [4] - Los Angeles' new mansion tax on sales over $5 million has raised less than half of the expected $1 billion per year [4][5] Housing Market Impact - These taxes are aimed at addressing housing market affordability issues, where many Americans cannot afford homes [5] - The luxury and vacation home market has been booming due to all-cash buyers [5] - Revenue generated in Rhode Island and Montana will go towards property tax relief for full-time residents and housing affordability programs [6] Alternative Approaches - Some European countries, like Spain, are implementing laws to restrict renting out houses in resort towns to address affordability issues [7] - Montana taxes short-term rental leases like second homes, aligning with hotel tax regulations [8]

Market Trends & Industry Dynamics - China's economic growth is expected to slow down in the second half of the year [1] - China's luxury market sales experienced a 20% plunge last year, but gold jewelry defied this trend [2] - The resurgence of gold jewelry is driven by the trend of embracing cultural heritage and Chinese aesthetics [4] - Government subsidies are boosting domestic demand, enabling non-subsidized sectors to find growth through premium offerings, localization, branding, and improved customer experiences [6] Company Performance & Strategy (Liverpool/Lauper) - Liverpool's share prices have soared 1,800% since its IPO in June last year [2] - More than a third of Lauper's buyers are aged 26 to 35 [5] - Lauper aims to become the first legitimate Chinese high-end luxury brand by incorporating cultural components into its design [7] - Lauper's strategy involves premium offerings, localization, branding, and improved customer experiences [6] Investment & Future Outlook - Investors are still bullish on Lauper, with a 12-month price target 30% above the current trading price [8] - The true test for Lauper is whether it can maintain its success when the gold rally fades [8] - Lauper aims to decouple its price from the price of gold, focusing on brand premium [8][9] - Demand for culturally rich premium products could lead to gains in China's consumption space [10]