Luxury rebounds slowly
Luxury brands saw a mixed but improving Q4 2024, with overall sales rising 2% after a 2% decline in Q3. High-end players like Hermès (+18%), Richemont’s Cartier, and Van Cleef & Arpels (+14%) thrived, while Gucci struggled (-24%). The return of aspirational consumers, driven by strategic pricing and product launches, boosts sales. The US market remains strong, but concerns over inflation and new Trump tariffs are growing.
Read More: https://www.longandshort.com/archives/pricey-pivot
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