Jane Birkin’s Original Hermès Birkin Bag Goes Up For Auction https://t.co/2sOifUrbYK https://t.co/2sOifUrbYK ...

Core Insights - Richemont has published its combined Annual Report and Non-Financial Report for the fiscal year ending March 31, 2025, which includes comprehensive financial statements and governance details [3][4]. Financial Reporting - The Annual Report includes the Chairman's review, consolidated financial statements, and audit reports, previously released on May 16, 2025 [3]. - The Non-Financial Report adheres to the Global Reporting Initiative (GRI) Standards and complies with Swiss Code of Obligations, including climate disclosures [4]. Availability of Reports - Both reports are accessible for download on Richemont's official website, with hard copies available upon request [5]. - In South Africa, the reports can be obtained directly from the Depository Agent, Computershare Investor Services [6]. Company Overview - Richemont is known for its prestigious Maisons, focusing on craftsmanship and creativity, with a commitment to sustainable growth [7]. - The company operates in three main business areas: Jewellery Maisons, Specialist Watchmakers, and Fashion & Accessories Maisons [8]. Stock Information - Richemont A shares are listed on the SIX Swiss Exchange and included in the Swiss Market Index (SMI), with a secondary listing on the Johannesburg Stock Exchange [9].

为纪念标志性 Intrecciato 皮革编织工艺诞生 50 周年，Bottega Veneta 正式发布全球 Campaign「匠艺吾 言」（Craft is our Language）。该项目由摄影师 Jack Davison 与编舞家 Lenio Kaklea 共同操刀，以「双 手」为核心意象，将工艺升华为跨文化、跨世代的通用语言，强化品牌「无 Logo 美学」的差异化定 位。 此次Campaign不仅是一次庆典，更是品牌资产系统化工程：今年 9 月将推出纪念书籍，收录 50 个象征 工艺价值的手势动作，构建品牌专属「工艺词典」。此举延续了创意总监 Matthieu Blazy 任内对工艺遗 产的深度挖掘——从删除社交媒体账号回归产品本质，到联名艺术刊物《Magma》与 Richard Scarry 胶 囊系列，持续以文化资本巩固高端定位。 Intrecciato 工艺诞生于 1966 年意大利威尼托工坊，因缝纫机无法处理厚皮革，工匠创新采用手工编织 技法，意外成就品牌最具辨识度的视觉与触觉符号。其斜纹结构与黄金比例，完美诠释品牌箴言"When your own initials are enough" ...

那些在消费者钱包最鼓时大幅提价的品牌，如今正面临销售暴跌的残酷现实。 全球最大奢侈品集团LVMH旗下的Christian Dior在今年前三个月销售出现大幅下滑，表现不及集团整体 的时装和皮具部门，后者销售额同比下降了5%。 法国独立品牌Chanel也步履维艰。尽管Chanel过去八年持续公布年度业绩，但上周公布的数据显示， 2024年其销售额下降4%，营业利润更是骤降近三分之一。 与此形成鲜明对比的是，Birkin包的制造商Hermès以及Cartier的母公司Richemont却依然保持强劲增 长。今年第一季度，这两家公司的销售额均同比增长7%。 上述四家公司都被认为是奢侈品行业的金字塔尖，因此通常不会受到经济低迷的显著影响。或许，即便 对全球1%的富豪阶层而言，过度溢价也终将触及消费者的心理底线，而那些在疫情期间"贪婪"涨价的 品牌，如今正面临业绩的严峻考验。 疫情"贪婪涨价"后遗症 "我们两三年前并没有那么'贪婪'，我认为我们今天的业绩反映了这一点。" 他指出，Richemont旗下品牌正在从那些被消费者认为定价过高的竞争对手那里抢占市场份额。 定价策略的长期影响：市场份额此消彼长 价格并非Chane ...

Group 1 - The article suggests diversifying investment portfolios away from US-heavy allocations due to potential tariff threats that could reshape global trade, with a focus on high-quality European stocks that have geographically diversified revenue streams [1] - The emphasis is on investing in high-quality businesses with strong growth potential, solid fundamentals, industry-leading profitability, low leverage, and room for growth, particularly in the US and Europe [1] - The investment strategy discussed is centered around capital allocation and identifying businesses that are worth holding for the long term, highlighting the importance of thoughtful portfolio building [1]

Investment Rating - The report does not explicitly state an overall investment rating for the luxury goods industry, but it indicates a preference for companies with high-end exposure and diversified large/mid caps with margin defensiveness, while remaining cautious on turnaround stories in a tough industry backdrop [7]. Core Insights - The luxury goods market is experiencing price increases across various brands, particularly in the US, as companies aim to offset inflation and tariffs. Brands such as Louis Vuitton, Moncler, Burberry, and Hermès have implemented notable price hikes [2][7]. - The pricing tracker indicates that overall price gaps across regions have decreased, with the US experiencing a tightening price gap with Europe despite recent price increases [3][5]. - China remains the most expensive market for luxury goods, with a premium of approximately 20-25% compared to Europe. However, there is ongoing softness in the luxury market in China, raising questions about consumer appetite [6][7]. Summary by Sections Pricing Trends - Several luxury brands have increased prices in the US, with notable increases from Louis Vuitton (+L-MSD), Moncler (+LSD), and Burberry (+HSD) [2]. - The current price increases are designed to offset a 10% level of additional tariffs, with potential for more global price increases if tariffs rise further [7]. Regional Analysis - The US has seen a recent weakening of the dollar, which has tightened the price gap with Europe, making luxury goods less attractive for American consumers traveling to Europe [3][5]. - Chinese consumers are showing strong demand for luxury goods, particularly in Japan, where spending nearly doubled year-on-year in FY24 [6]. Brand-Specific Observations - Moncler has the largest price gap between Europe and China at approximately 30%, but this gap has compressed significantly over the past decade [7]. - The report highlights that brands are likely to focus on narrowing the price gap between China and Europe, with Moncler seeing further opportunities to reduce this gap [7].

Core Viewpoint - Ralph Lauren plans to raise prices to offset tariff costs, supported by strong demand from high-end customers [1] Pricing Strategy - The company is assessing additional pricing actions for fall 2025 and spring 2026 to mitigate tariff impacts, building on proactive pricing already planned for 2025 in North America and Asia [2] - Ralph Lauren has increased its average unit retail (AUR) every quarter for the past eight years, with a high single-digit increase in AUR expected for the current quarter compared to the previous year [2] Brand and Quality Enhancement - The company has elevated its AUR by enhancing brand quality, adjusting geographic and channel mixes, reducing discounts, and selectively raising prices [3] - These strategies provide confidence in managing cost headwinds while maintaining strong pricing power [3] Consumer Resilience - Despite weakening consumer confidence in the U.S. and potential broader consumer pullback, Ralph Lauren's core consumers remain resilient [4] - The company has not observed changes in sales trajectories across its regions (APAC, EMEA, North America), with full-price sales continuing to grow [5] Market Context - The remarks from Ralph Lauren follow reports of soft demand from luxury conglomerate LVMH due to weaker consumer confidence in China and other markets [5] - In contrast, luxury group Richemont plans to limit price increases to avoid customer backlash seen by some competitors [6]

NEW YORK, May 21, 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 owns ...

Group 1 - Kering has issued a single-tranche bond amounting to EUR 750 million with a maturity of 4.5 years and a coupon rate of 3.125% [1] - The bond issue is part of Kering's active liquidity management strategy, aimed at enhancing financial flexibility [1] - The successful bond issue reflects strong market confidence in Kering's credit quality, supported by a long-term rating of 'BBB+' from Standard & Poor's [1] Group 2 - Kering is a global luxury group that includes renowned brands such as Gucci, Saint Laurent, and Bottega Veneta, focusing on ready-to-wear, leather goods, jewelry, and beauty products [2] - In 2024, Kering employed 47,000 people and generated revenue of EUR 17.2 billion, highlighting its significant market presence [2]

Company Forecasts and Guidance - Home Depot maintained its sales forecast for 2025, with an executive stating that the retailer will not raise prices due to tariffs, contrasting with other companies that are cutting projections due to tariff uncertainties [1] - Diageo anticipates a $150 million hit to annual profits in 2025 but plans to offset about half of this impact through existing actions before considering price increases [2] - Walmart's CEO indicated the company would strive to keep prices low but acknowledged that higher tariffs would lead to increased prices due to narrow retail margins [3] - Ford expects tariffs to reduce its earnings before interest and taxes by approximately $1.5 billion in 2025 and has suspended its full-year guidance due to potential supply chain disruptions [6] - General Motors lowered its earnings forecast for 2025 to between $10 billion and $12.5 billion, down from a previous range of $13.7 billion to $15.7 billion, citing adjustments to the new trade policy environment [9] Economic and Market Conditions - Companies like Rivian and Steve Madden have withdrawn their financial guidance for 2025, citing heightened uncertainty due to new tariffs and evolving trade regulations [4][5] - Apple expects a $900 million impact on its bottom line due to tariffs, with CEO Tim Cook expressing difficulty in predicting future outcomes [7] - Amazon described its future results as "inherently unpredictable" due to changes in global economic conditions and tariff policies [8] - Kraft Heinz and JetBlue have lowered their outlooks due to ongoing macroeconomic volatility and uncertainty [11] - PepsiCo has reduced its earnings forecast for 2025, anticipating more volatility and higher supply chain costs due to tariffs [13] Industry-Wide Impacts - Companies across various sectors, including automotive, retail, and consumer goods, are experiencing significant impacts from tariff-related uncertainties, leading to withdrawn guidance and lowered forecasts [10][12][14] - The airline industry, represented by companies like Delta and United Airlines, is also facing challenges, with many airlines pulling their full-year guidance due to broad macroeconomic uncertainty [17][16] - The overall sentiment across industries reflects a cautious approach to growth and financial forecasting, with many companies likening the current economic environment to the volatility experienced during the pandemic [13][15]