🙏🙏🙏#Dior #KantaraChapter1 #GlobalSumudFlotilla #JISOOxDiorSS26 #sstvi #MyAgendaSumud #Flotilla #SumudForGaza #DesafioDelSigloXXI #SumudForGaza #SumudFilosu #Firstone #fcklive #drone #russia #TleFirstone #trump #GretaThunberg #Israel #gaza #Palestine #nato #denmark #OMAJAXTHE HUNTER ✴️ (@TrueGemHunter):Hello crypto fam Hunter is here 💚I’m fine now. Sorry for being inactive — had some health issues. Person mismanaged things & my X + TG data got hacked. I don’t have access to TG yet, working to recover everyth ...

Core Insights - LVMH is a prominent French luxury conglomerate with a diverse portfolio that includes watches, fashion, and champagne, featuring globally recognized brands such as Louis Vuitton, Dior, and Moët [1] Group 1 - LVMH's brands have a rich history and are well-known worldwide, contributing to the company's strong market presence [1]

Core Viewpoint - The luxury goods growth model is being questioned as Prada Group's recent performance raises concerns, following disappointing results from other luxury giants like LVMH and Kering [1][8]. Financial Performance - Prada Group reported an adjusted EBIT of approximately €618.5 million, a year-on-year increase of 7.55% [2]. - Net income was around €386 million, reflecting a 0.62% year-on-year rise [2]. - Earnings per share stood at €0.151 [2]. - Retail sales net revenue increased by 10.1% year-on-year, accounting for 89.5% of total net revenue [2]. Brand Performance - Prada brand's retail sales net revenue slightly decreased by 2% when calculated at constant exchange rates, while Miu Miu's retail sales net revenue surged by 49% [3]. - Miu Miu's sales growth in the second quarter slowed down significantly compared to previous quarters, which saw growth rates of 93%, 105%, and 84% [7]. Regional Performance - All major markets showed growth: Asia-Pacific retail sales net revenue increased by 10.4%, Europe by 8.6%, the Americas by 12.4%, Japan by 4.3%, and the Middle East by 25.7% [7]. Market Challenges - Morgan Stanley noted that Prada's second-quarter performance was below expectations due to a slowdown in luxury consumption among cross-border travelers, with a year-on-year sales growth rate of 6.1%, down from 12.5% in the first quarter [7]. - Prada's CEO highlighted that the current market challenges are more cyclical rather than structural [1]. Strategic Outlook - For the second half of the year, Prada issued a warning about uncertainties in the recovery of the tourism sector but emphasized three certainties: maintaining a full-price sales strategy, reviewing operational efficiency quarterly, and avoiding shortcut growth strategies [7]. - Prada aims to sustain growth through precise retail strategies and new store openings, while Miu Miu plans to expand its market share in leather goods and introduce new store experiences globally [7].

Core Viewpoint - The luxury goods growth model is being questioned as Prada Group's recent performance raises concerns following disappointing results from other industry giants like LVMH and Kering [2][6]. Financial Performance - Prada Group reported an adjusted EBIT of approximately €618.5 million, a year-on-year increase of 7.55% [3]. - Net income was around €386 million, up 0.62% year-on-year, with earnings per share at €0.151 [3]. - Retail sales net revenue increased by 10.1% year-on-year, accounting for 89.5% of total revenue [3]. - Retail sales net revenue for the Prada brand slightly decreased by 2% when calculated at constant exchange rates, while Miu Miu's retail sales net revenue surged by 49% [3]. Regional Performance - All major markets showed growth: Asia-Pacific retail sales net revenue grew by 10.4%, Europe by 8.6%, the Americas by 12.4%, Japan by 4.3%, and the Middle East saw a remarkable increase of 25.7% [5]. - Morgan Stanley noted that Prada's second-quarter performance fell short of expectations due to a slowdown in luxury consumption among cross-border travelers, with a year-on-year sales growth rate of 6.1%, down from 12.5% in the first quarter [5]. Market Challenges - The luxury sector is facing significant challenges amid economic uncertainty and cultural shifts, potentially leading to the largest setback in 15 years [6]. - Even leading brands like LV and Dior are showing signs of fatigue, with LVMH's core fashion and leather goods revenue declining by 9% and net profit dropping by 22% [6]. Consumer Trends - Younger consumers, particularly Generation Z, are increasingly questioning the value of luxury goods, moving away from the traditional perception of luxury as a status symbol [7]. - Brands with less prominent logos, such as Loro Piana and Brunello Cucinelli, are experiencing growth, indicating a shift towards understated luxury [8].

Core Viewpoint - LVMH is facing an unprecedented crisis characterized by declining global demand, looming U.S. tariff threats, a significant drop in stock price, and a loss of personal wealth for CEO Bernard Arnault, indicating that the golden era of the luxury goods empire may be over [1][2][3] Group 1: Financial Performance - LVMH's stock price has nearly halved since its peak in April 2023, resulting in a market value loss of approximately €221 billion, with a year-to-date decline of over 30% [2] - Arnault's personal wealth has plummeted from a peak of $231 billion in March 2024 to around $149 billion, dropping him from the world's richest person to the tenth position [3] Group 2: Market Position and Competition - LVMH is no longer among the top three most valuable companies in Europe, losing its title as France's most valuable company to rival Hermès [3] - The luxury market is under pressure from U.S. tariff threats, with Arnault's long-standing relationship with former President Trump failing to yield any protective measures [3] Group 3: Structural Issues - LVMH's extensive portfolio of over 75 brands, while beneficial during prosperous times, has become a burden amid current challenges, leading to a lower valuation compared to single-brand competitors like Hermès [4][5] - The company has begun divesting underperforming brands and is considering further asset sales, including a potential split of Sephora [5] Group 4: Core Brand Challenges - The core brand Dior, which contributes 14% to LVMH's profits, has lost momentum under the leadership of Arnault's daughter, Delphine, following years of double-digit growth [6] - The Moët Hennessy division is also struggling, facing competition from cheaper alternatives and announcing layoffs of 1,200 employees, representing 13% of its workforce [6] Group 5: Succession Concerns - Arnault has not shown signs of relinquishing control, extending the CEO age limit to 85, while concerns about succession and governance are growing among investors [7] - The lack of a clear successor among Arnault's five children has led to worries about governance and potential conflicts within the family [7]