Kering, LVMH and Hermès Confront Luxury’s ‘Underconsumption’ Problem
Luxury brands are currently facing significant challenges amid a slowdown in consumer spending, particularly in key markets such as China. Kering, LVMH, and Hermès are preparing to release their second-quarter results, and analysts predict disappointing performances. LVMH may report a modest 3 percent growth, but this is a stark contrast to the high expectations set […]