LVMH names Michael Burke to head its Americas operations, bringing back an old-time fixer to take on some of the biggest challenges the group has faced in the region https://t.co/tDbK1N20Re ...

Core Viewpoint - Burberry's proactive price reduction strategy has led to a significant recovery in its stock price, increasing over 70% since mid-April, despite facing severe challenges in the luxury goods sector [3][4]. Financial Performance - For the fiscal year 2025, Burberry reported revenues of £2.461 billion, a 17% decrease year-on-year, with adjusted operating profit dropping 94% to £26 million [4][5]. - Compared to fiscal year 2024, Burberry's performance worsened, with revenues down 4% to £2.968 billion and adjusted operating profit down 34% to £418 million [5]. - Comparable store sales fell by 12% in fiscal year 2025, with the Asia-Pacific market experiencing a 16% decline, particularly in mainland China and South Korea, which saw drops of 15% and 18% respectively [6][8]. Strategic Changes - Under the new CEO Joshua Schulman, Burberry has shifted its strategy to focus on classic products and reduce prices, moving away from previous high-end strategies [10][11]. - The company plans to cut approximately 1,700 jobs, which is nearly 20% of its global workforce, aiming to save £60 million by fiscal year 2027 [10]. - The fourth quarter of fiscal year 2025 showed a narrowing decline in comparable store sales to 6%, better than the market expectation of 7.78% [9]. Market Dynamics - Japan was the only market to show growth for Burberry, with a slight increase of 1%, primarily driven by spending from Chinese tourists [7]. - The luxury market is seeing a shift where consumers are increasingly favoring value-for-money products, leading to a decline in full-price sales channels [19]. - Outlet sales have grown by 1% to 5%, indicating a strong performance in discount channels, which are becoming essential for luxury brands [19]. Inventory and Profitability - Burberry is facing significant inventory challenges, with a reported 7% decrease in total inventory at constant exchange rates [20]. - The company's gross margin for the fiscal year was 62.5%, down 470 basis points at constant exchange rates, primarily due to actions taken to address inventory overhang [20]. - The reliance on outlet sales may dilute Burberry's high-end brand image, potentially affecting its long-term sales and brand perception [21].

Group 1 - Top Win International Limited, through its subsidiary AsiaStrategy, intends to make a tender offer for the securities of DV8 Public Company Limited, a company listed on The Stock Exchange of Thailand [1][2] - AsiaStrategy plans to acquire up to 152,842,577 ordinary shares, representing 11.58% of DV8's total issued and paid-up share capital, at an offer price of THB 0.56 per share and THB 0.01 per warrant [2] - The offer period is expected to close on August 20, 2025, and is subject to acceptance by DV8's security holders [2] Group 2 - The transaction is supported by a coalition of Bitcoin visionaries and strategic investors, marking a significant moment for Thailand's capital markets [3] - This alliance includes leaders from Bitcoin treasury companies across multiple stock exchanges and institutional investors from various regions [3] Group 3 - Top Win International Limited specializes in the trading, distribution, and retail of luxury watches and is expanding into the Web3 ecosystem to focus on digital assets [4] - The company has been operational since 2001 and is headquartered in Wan Chai, Hong Kong [4]

Industry Issue - Indian artisans are protesting against Prada's sandals [1] - The artisans are questioning if the sandals contain gold [1]

Louis Vuitton Korea suffered a cyberattack that compromised some customer data, the second time in recent months that hackers have targeted the world’s largest luxury group. https://t.co/eeU1Fpmej7 ...

Banks are cutting their exposure to luxury supplier Altofare Group, after a slump in the sector pushed the company to kick off talks with creditors https://t.co/GWhPiOHCC6 ...

Core Insights - LVMH's liquidity contract with Oddo BHF SCA shows significant trading activity in the first half of 2025, with a total of 3,203 purchases and 3,240 sales of shares, indicating active management of liquidity [1][2][8] Summary by Category Transactions Overview - Total purchases amounted to 234,460 shares for a total of €135,447,405.90, while total sales reached 203,460 shares for €117,943,246.10 [2][8] - The liquidity account showed a cash balance of €9,887,574.90 and 52,000 shares remaining at the end of the reporting period [2][8] Monthly Breakdown - In January 2025, notable transactions included 3,000 shares purchased on January 2 for €1,875,000 and 5,000 shares sold on January 15 for €3,214,000 [1][3] - February 2025 saw 7,000 shares purchased on January 29 for €4,994,755.20 and 3,000 shares sold on February 12 for €2,062,000 [3][4] - March 2025 included significant purchases such as 8,500 shares on March 4 for €5,714,191.90 and sales of 4,000 shares on March 14 for €2,458,700 [4][5] Key Dates and Amounts - On April 3, 2025, 6,000 shares were purchased for €3,320,800, while on April 10, 2025, 3,000 shares were sold for €1,621,800 [5][6] - May 2025 transactions included 5,000 shares sold on May 12 for €3,102,486.40 and 3,000 shares purchased on May 22 for €1,451,150 [6][7] - In June 2025, the last recorded transaction was a purchase of 1,000 shares for €444,600 on June 30 [7][8]

Watches of Switzerland expects its profit margin to be hit by US import tariffs this year https://t.co/xmPaBvolVe ...

Italian fashion house Armani Group reported a 5 percent drop in sales last year after the luxury sector was hit by macro-economic uncertainty and slowing demand in China https://t.co/GSUT3QNlw3 ...

Group 1 - LVMH has experienced a decline of over 40% from its all-time high, resulting in a loss exceeding €100 billion in market capitalization [1] - The current valuation of LVMH is considered minimally attractive despite the significant decline [1]