Luxury labels bulk up on lower-priced goods to appeal to middle-class shoppers

Luxury brands are shifting focus to affordable products to capture middle-class consumers, risking profit margins amid declining demand and economic pressures.

As bitcoin soars, luxury brands consider accepting crypto payments

European luxury stocks gain as Goldman sees 'modest' growth in 2025

Goldman Sachs predicts modest growth in European luxury stocks by 2025; underscores investment opportunities despite risks, focusing on pricing strategies and strong brand positioning.

Luxury stocks: Will 2025 be a year of Gucci?

Gucci's outlook for 2025 remains challenging with potential sales declines, rising costs, and economic pressures, while Kering struggles to balance investments and profitability.

Factbox-Top 20 global family-owned retail businesses

Kering shares up, shrugging off 2024 operating profit warning

Kering shares rose 0.5% despite a warning of a nearly 50% drop in 2024 income, amid weak demand in China and a 16% revenue drop. Analysts highlight low margin visibility.

France stocks lower at close of trade; CAC 40 down 0.67%

France's stock market fell, led by Consumer Goods, Oil & Gas, and Financials, with notable gains from EssilorLuxottica. The CAC 40 and SBF 120 indices both declined.

Kering names Cedric Charbit CEO of Saint Laurent

Kering appoints Cedric Charbit as CEO of Saint Laurent, succeeds Francesca Bellettini; management reshuffle aims to boost sales growth, particularly for struggling Gucci.

Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says

Sales of personal luxury goods are expected to drop 2% this year due to price hikes and economic uncertainty, particularly in China, affecting a significant portion of the consumer base.

France stocks lower at close of trade; CAC 40 down 1.17%

France stocks fell with losses led by Consumer Goods, Oil & Gas. Kering SA hit a 5-year low, while Accor SA reached 5-year highs amid falling shares.