Time flies and waits for no one and once lost is never found. Yet still we try to keep time and measure it. Let the French, Germans, and British fight over who invented the wearable clock or watch in the 1500s.This we know. It's the Swiss who refined the art, crafting the world's most intricate and expensive time pieces. This though is a curious interval for Swiss watches.those mechanical wonders running not on batteries but on springs and gears. For one, you hardly need wrist candy to tell time. You can ju ...

Core Insights - The luxury goods and services sector is showing signs of recovery after a slowdown due to consumer spending cuts related to inflation and other economic concerns [1][2] - Positive third-quarter earnings from major luxury brands, particularly LVMH, indicate a resilient consumer demand in the U.S. despite economic uncertainties [2][3] Consumer Behavior - A JP Morgan survey revealed that 60% of U.S. and European respondents are using resale platforms for second-hand luxury goods, indicating a shift in consumer purchasing habits [1] - Analysts note that aspirational luxury consumers still face challenges, but new creative leadership and marketing strategies are expected to help reignite growth [7] Market Outlook - UBS projects that Chinese luxury purchases will grow by approximately 6% in 2026, recovering from a 5% decline this year, suggesting a positive trend for the luxury market [4] - Deutsche Bank anticipates 2026 will be a year of converging growth trends across luxury sectors, with the industry well-positioned for accelerated growth despite challenges in other consumer sectors [5] Company Performance - LVMH and Burberry remain favored by Deutsche Bank, with Richemont added to the list following stronger-than-expected sales growth [6]

Industry Overview - Switzerland's Valley Dju is a global manufacturing hub known as Watch Valley [1] - Watch Valley endures old watchmaking methods [1] - Watch Valley produces some of the world's most intricate and expensive time pieces [1] Product Characteristics - Time pieces detailing is at the level of wow [1] - Time pieces are not only beautiful, but also functional [1]

RT Bloomberg Opinion (@opinion)Chanel’s subway fashion show reveals something really interesting about the luxury market, @AndreaFelsted says 🎥 https://t.co/LZPqBG9Cfk ...

Group 1 - Burberry is enhancing its management team with two internal appointments: Matteo Calonaci as chief operating and supply chain officer, and Johnattan Leon as chief customer officer [1][2] - Calonaci will oversee supply chain, planning, strategy, transformation, and data analytics, succeeding Klaus Bierbrauer [2] - Leon will lead customer engagement, service, and retail excellence teams, while managing digital, outlet, and commercial operations [3] Group 2 - Burberry's like-for-like retail sales grew by 2 percent in the second fiscal quarter, surpassing analysts' expectations of flat performance [4] - In the first half, like-for-like retail sales were flat at £854 million, a significant improvement from a 20 percent decline in the same period last year [5] - The chief financial officer indicated that the third quarter has started well, with trends aligning with the second quarter, and anticipates further growth in the second half [5]

Core Viewpoint - Optimism is growing for a second-half rally in Europe's luxury-goods sector, with signs indicating a potential recovery as third-quarter earnings improve, the Chinese market rebounds, and new creative directors are appointed [1][2]. Group 1: Market Sentiment - Analysts are increasingly positive about the luxury sector, with UBS's Zuzanna Pusz stating that the worst may be over, driven by recovering Chinese demand and heightened creativity in the industry [2][3]. - Luxury stocks experienced a decline of 9% through June 2025 but have since rallied by 12%, raising questions about the sustainability of this rebound [2]. Group 2: Sales Growth Projections - UBS projects a return to 5% organic sales growth for the luxury sector, aligning with JPMorgan's expectations for increased sales numbers for the first time in two years [3]. - HSBC analysts anticipate a proper reversion to growth for the industry in 2026, with all global regions expected to grow in the mid-single digits, significantly supported by China [4]. Group 3: Chinese Market Impact - Chinese consumers account for over 25% of annual luxury sales, with their purchases expected to grow by approximately 6% in 2026, a notable recovery from a 5% decline this year [5]. - The improvement in Chinese consumer spending is crucial for brands heavily reliant on this market, such as Moncler SpA and Swatch Group AG [5].

A new crop of Chinese gold jewelry brands are attracting investor interest in the wake of Laopu Gold’s breakout success https://t.co/nsfD8WclnJ ...

Core Viewpoint - Succession plans at luxury giant LVMH are rarely discussed within the controlling Arnault family, as indicated by remarks from CEO Bernard Arnault's wife in a recent interview [1] Group 1 - The Arnault family, which controls LVMH, tends to keep discussions about succession plans private [1] - CEO Bernard Arnault's wife highlighted the lack of open dialogue regarding future leadership within the family [1] - This approach may reflect the family's strategy in managing the luxury brand's legacy and future direction [1]

Group 1 - Gucci has appointed Giovanni Perosino as senior vice president of marketing, effective December 15 [1] - Perosino joins Gucci from Maserati, bringing over 25 years of experience in brand strategy and marketing, having held senior roles at Fiat Chrysler Automobiles, Audi, Lamborghini, and ITA Airways [2] - Gianluca De Ficchy has been named Gucci's chief financial officer, succeeding Alberto Valente, and will report to Francesca Bellettini, the president and CEO of Gucci [3] Group 2 - De Ficchy previously served as CEO of Mobilize within the Renault Group and has a background in the automotive industry, having worked at Ernst & Young, RCI Bank and Services, FCA, and Nissan [4] - Luca de Meo, the new CEO of Kering, has extensive experience in the automobile industry, having led Renault for five years and worked with brands like Fiat, Alfa Romeo, and Toyota [5] - Recent leadership changes at Gucci include the departure of Valérie Leberichel and Maria Cristina Lomanto, with Cayetano Fabry succeeding Lomanto as head of the EMEA region [6]

Group 1 - The UK's FTSE 100 index experienced a slight increase on Thursday, indicating a cautious investor sentiment amid mixed corporate updates and economic data suggesting potential weakness [1] - Burberry's stock price rose following an upgrade in price target by HSBC, highlighting positive sentiment towards the luxury goods sector [1]