Market Trends - European and American luxury brands are experiencing declining sales in China due to economic challenges stemming from real estate price collapse [1] - Laopu Gold, a domestic jewelry brand, is thriving by targeting the aspirations of the middle class affected by the economic downturn [1] Competitive Landscape - Laopu Gold is expanding its product range with gold rings, necklaces, and bracelets [1] - Laopu Gold's success contrasts with the struggles of European and American luxury brands in the Chinese market [1]

China’s homegrown jewelry superstar is flying high https://t.co/v4SgtxXtKJ ...

Brand Portfolio and Revenue - Lanvin Group manages a diverse portfolio of 5 iconic luxury heritage brands[10, 21] - In 2024, Lanvin's revenue was €83 million, representing 25% of the group's revenue[16] - Wolford's 2024 revenue was €88 million, accounting for 27% of the group's revenue[17] - Sergio Rossi's 2024 revenue was €42 million, which is 13% of the group's revenue[16] - St John's 2024 revenue reached €79 million, making up 24% of the group's revenue[19] - Caruso generated €37 million in revenue in 2024, contributing 11% to the group's revenue[16] Financial Performance and Challenges - The group's global revenue for FY 2024 was €329 million, a 23% decrease compared to FY 2023[80] - The group's Adjusted EBITDA in 2024 was -€92320 thousand, representing -28% of revenue[87, 132] - The group is implementing measures to reduce G&A expenses and improve working capital management[80] Strategic Initiatives - The group is focused on streamlining expenses and enhancing operational efficiency[77] - The group is upgrading its store network with disciplined new openings and a strategic focus on key markets[97] - The group is aiming to reduce discounts and sharpen product offerings to focus on core and less seasonal categories[95]

Coach purses were a staple in the early 2000, worn by teens at the mall and celebrities on the red carpet. The monogrammed design with a double C logo was everywhere. But by the 2010s, the brand fell out of favor, its luxury reputation suffered, and sales plummeted.The company wiped out about 60% from its market cap between its 2012 peak to mid 2014. But coach is back. The girls came through.Coach is back. Mainly among Gen Z consumers who were driving a lot of its growth. Fashion always looks to the younges ...

Summary of Key Points from the Conference Call Industry Insights - **US Exceptionalism and Asset Performance**: The theme of US exceptionalism, USD strength, and US asset performance has garnered significant attention. Since 2012, the MSCI World Index in USD has increased by over 3 times, while a leading Norwegian asset manager's Global Equity Fund (FX-unhedged) has seen a 7x increase, indicating a greater propensity for non-USD investors to diversify their portfolios [1][1][1] - **Decline in US Student Visa Applications**: There has been a steep decline in US student visa applications, with the rejection rate doubling. Conversely, UK student visa applications have increased by 20% year-over-year, and applications for UK citizenship from US citizens have surged by 26% year-over-year, with record applications in March and April [3][3][3] - **Investor Interest in Large-Cap Tech and AI Stocks**: Investor appetite for large-cap technology stocks has risen again, with notable outperformance of the Magnificent Seven (Mag7) compared to the S&P 500. There is also increased interest in perceived AI winners, with strategies focusing on long positions in AI winners and short positions in AI-at-risk stocks approaching new highs [5][6][6] - **Strong Q1 EPS Growth and Seasonal Patterns**: The first quarter has shown standout EPS growth, with continuous news on increased use cases and adoption of technology. There is no slowdown in spending or investment, as evidenced by recent news regarding Softbank and TSMC. July is historically the strongest month for Nasdaq returns, which has been frequently cited by analysts [8][9][9] - **Impact of Fiscal Concerns on Mega-Cap Tech**: There is speculation that mega-cap tech companies may benefit from an increasingly precarious fiscal situation. Higher interest rates typically imply a higher cost of capital, but companies with strong balance sheets and cash flows may become more attractive in uncertain economic conditions [5][10][10] Economic Activity and Market Performance - **Uneven Economic Activity**: The current trajectory of economic activity is described as unusually uneven, with a notable slowdown in German weekly activity and no rebound in US retailer imports following a collapse in April and May. The European economic surprise index has outperformed the US index, highlighting the complexity of the current economic landscape [11][11][11] - **European Equity Performance**: Despite the uneven macro data and the upcoming tariff deadline on July 9th, European equities have performed well year-to-date. However, the top five largest stocks in Europe have not contributed to this performance, with both LVMH and Novo Nordisk down over 20% year-to-date [15][18][18] - **Revisiting LVMH Investment Thesis**: The investment thesis for LVMH is being revisited, with a recommendation to buy despite being below consensus for the rest of the year. The diverging outlooks for brands in the luxury sector present a compelling alpha opportunity, contrasting with the performance of European big oils [20][20][20] Conclusion - The conference call highlighted significant trends in US and European markets, particularly in technology and luxury sectors. The ongoing geopolitical tensions and economic uncertainties are influencing investor behavior and market dynamics, with a focus on diversification and sector-specific opportunities.

Our business is US only. So, uh, it shot up purchases in in April and May. A lot of buyers in the US, I think, that were waiting on purchasing a watch tended to, you know, push in the direction of transacting quicker rather than later, uh, because they're worried about the the tariffs coming into play. And then you know now coming into you know the end of June early July we're seeing a lot of the markets uh the prices are increasing for the first time in a long time because the primary brands are starting t ...

NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a shareholder and consumer rights litigation firm, is investigating whether Compass Diversified Holdings (“Compass” or the “Company”) (NYSE: CODI) or certain of its officers and directors issued misleading and false statements and/or failed to disclose information material to investors in violation of federal securities laws. CLICK HERE TO RECEIVE ADDITIONAL INFORMATION ABOUT THIS POTENTIAL CLASS ACTION Compass own ...

We know that the industry is under pressure, whether it's coming, whether struggles coming from the US with the threat of tariffs that are impacting consumer confidence or also the downturn that we've seen in China. But there are internal issues at LVMH and that's notably two key assets. That's Dior and also Moët Hennessy.So both of them have been culprits of hiking prices too much over the recent past. And other, basically, what we're noticing is that there's a consumer backlash. Dior, is led by Delphine A ...

Core Insights - Tapestry Inc is experiencing a growth split between its key brands, with Coach showing significant recovery and projected 32% upside for the overall company stock by year-end, while Kate Spade is underperforming [1][6] Group 1: Coach's Performance - Coach is the primary driver of Tapestry's growth, benefiting from a balanced multi-year revenue increase due to average unit retail price hikes and sustainable unit sales growth [2] - Handbag prices for Coach are increasing, supported by improved full-price selling and innovative product lines, reversing previous declines in unit sales [3] - The brand is attracting younger customers, particularly Gen-Z and Millennials, who are spending more and frequently returning, which also encourages older customers to re-engage [4] Group 2: Kate Spade's Challenges - Kate Spade has faced revenue declines this year, with management adopting a cautious approach due to uncertain macroeconomic conditions, and its fourth quarter guidance indicates a sales drop [5] - The brand is currently in a supporting role within Tapestry's portfolio, contrasting with Coach's expected low-double-digit growth [5] Group 3: Overall Outlook for Tapestry - Tapestry's potential upside is largely contingent on Coach's revival, driven by pricing power, customer rejuvenation, and category expansion, with a price target of $104 for investors to monitor [6]

RELEASE Paris, June 16, 2025 INFORMATION RELATING TO THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES COMPRISING THE SHARE CAPITAL In accordance with the provisions of Article L. 233-8 of the French Commercial Code (Code de commerce) and Article 223-16 of the General Regulations of French Autorité des Marchés Financiers (AMF), Hermès international publishes each month, before the 15th day of the following month, the total number of voting rights and the number of shares comprising the share capital if they have ...