Showing 49 to 60 of 76 results
Luxury Sector Slowdown: Growth Slumps to 3.9% in 2024
The luxury goods market experienced a 3.9% growth in 2024, down from double-digit increases in previous years, largely due to slowing growth in China and increased consumer selectivity; however, long-term growth is still projected at 29% between 2024 and 2030.
Luxury Sector Slowdown: Growth Slumps to 3.9% in 2024
The luxury goods market experienced a 3.9% growth in 2024, down from double-digit increases in previous years, largely due to slowing growth in China and increased consumer selectivity; however, long-term growth is still projected at 29% between 2024 and 2030.
Progress
32% Bias Score
Tous Reports Record Revenue Despite Slight Profit Dip in 2024
Tous, the Spanish jewelry firm, reported €523 million in revenue in 2024, a 9.4% increase, yet net profit slightly decreased to €45 million due to currency fluctuations; the company ended its partnership with Partners Group and plans significant investments in expansion and digitalization.
Tous Reports Record Revenue Despite Slight Profit Dip in 2024
Tous, the Spanish jewelry firm, reported €523 million in revenue in 2024, a 9.4% increase, yet net profit slightly decreased to €45 million due to currency fluctuations; the company ended its partnership with Partners Group and plans significant investments in expansion and digitalization.
Progress
28% Bias Score
Slight Dip in German Jewelry and Watch Sales Despite Higher Prices
German jewelry and watch sales in 2024 totaled €5.26 billion, a slight 1.2% decrease despite fewer customers, due to higher average prices resulting from increased raw material costs; exports also showed mixed results, with jewelry exports slightly down and watch exports slightly up.
Slight Dip in German Jewelry and Watch Sales Despite Higher Prices
German jewelry and watch sales in 2024 totaled €5.26 billion, a slight 1.2% decrease despite fewer customers, due to higher average prices resulting from increased raw material costs; exports also showed mixed results, with jewelry exports slightly down and watch exports slightly up.
Progress
40% Bias Score
UK Piano Company Highlights Resurgence of Pleyel Pianos
Grand Passion Pianos, a UK company founded in 2022 by a trained lawyer, specializes in selling Steinway and Pleyel pianos, with prices ranging from £24,000 to £120,000; the company's meticulous restoration of a 1921 Pleyel previously owned by Alfred Cortot highlights its dedication to preserving the...
UK Piano Company Highlights Resurgence of Pleyel Pianos
Grand Passion Pianos, a UK company founded in 2022 by a trained lawyer, specializes in selling Steinway and Pleyel pianos, with prices ranging from £24,000 to £120,000; the company's meticulous restoration of a 1921 Pleyel previously owned by Alfred Cortot highlights its dedication to preserving the...
Progress
56% Bias Score
LVMH Q4 2024 Results: Revenue Up, Profit Down Amidst Uneven Luxury Market Recovery
LVMH reported a 1% increase in Q4 2024 total revenue to €23.93 billion, exceeding expectations but reflecting an uneven luxury goods market recovery with strong US sales contrasting weaker Asian demand. Full-year organic sales rose 1%, while recurring operating profit decreased 14%.
LVMH Q4 2024 Results: Revenue Up, Profit Down Amidst Uneven Luxury Market Recovery
LVMH reported a 1% increase in Q4 2024 total revenue to €23.93 billion, exceeding expectations but reflecting an uneven luxury goods market recovery with strong US sales contrasting weaker Asian demand. Full-year organic sales rose 1%, while recurring operating profit decreased 14%.
Progress
32% Bias Score
Chinese Consumers Prioritize Wellness, Experiences Amid Cautious Spending
AlixPartners' report on 3,000 Chinese consumers shows increased spending on wellness and experiences (41% on health, 30%+ on groceries/clothing/travel), led by Gen Z in top cities and affluent seniors, despite cautious overall sentiment; online channels dominate.
Chinese Consumers Prioritize Wellness, Experiences Amid Cautious Spending
AlixPartners' report on 3,000 Chinese consumers shows increased spending on wellness and experiences (41% on health, 30%+ on groceries/clothing/travel), led by Gen Z in top cities and affluent seniors, despite cautious overall sentiment; online channels dominate.
Progress
16% Bias Score
Trump Imposes 20% Tariff on French Exports to the US
On April 2nd, Donald Trump imposed a 20% tariff on over \$50 billion of French exports to the US, impacting sectors like aerospace (\$10 billion in exports in 2024), luxury goods (\$5 billion), and wine and spirits (potentially facing an \$800 million loss), while pharmaceuticals were exempted.
Trump Imposes 20% Tariff on French Exports to the US
On April 2nd, Donald Trump imposed a 20% tariff on over \$50 billion of French exports to the US, impacting sectors like aerospace (\$10 billion in exports in 2024), luxury goods (\$5 billion), and wine and spirits (potentially facing an \$800 million loss), while pharmaceuticals were exempted.
Progress
36% Bias Score
Global Diamond Industry Faces Crisis Amidst Declining Demand and Rise of Lab-Grown Alternatives
The global diamond industry is facing a crisis due to decreased demand, particularly in China, coupled with the rise of significantly cheaper lab-grown diamonds; De Beers, the world leader, saw a 22% drop in rough diamond production in 2024, leading its major shareholder to consider divestment; Bots...
Global Diamond Industry Faces Crisis Amidst Declining Demand and Rise of Lab-Grown Alternatives
The global diamond industry is facing a crisis due to decreased demand, particularly in China, coupled with the rise of significantly cheaper lab-grown diamonds; De Beers, the world leader, saw a 22% drop in rough diamond production in 2024, leading its major shareholder to consider divestment; Bots...
Progress
60% Bias Score
Iran's Luxury Goods Imports: Economic Relief or Inequality Exacerbation?
Iran's recent lifting of import bans on luxury goods like iPhones and foreign cars has generated substantial tax revenue but widened economic inequality, impacting the average Iranian citizen struggling with currency devaluation and inflation.
Iran's Luxury Goods Imports: Economic Relief or Inequality Exacerbation?
Iran's recent lifting of import bans on luxury goods like iPhones and foreign cars has generated substantial tax revenue but widened economic inequality, impacting the average Iranian citizen struggling with currency devaluation and inflation.
Progress
40% Bias Score
LVMH Reports Stagnant Revenue Amidst Global Luxury Goods Slump
LVMH reported stagnant revenue of €85 billion in 2024, a 17 percent drop in net profit to €12.5 billion, due to decreased global consumer spending, particularly impacting its fashion and leather goods division and exacerbated by trade tensions with China; however, the company maintains optimism for ...
LVMH Reports Stagnant Revenue Amidst Global Luxury Goods Slump
LVMH reported stagnant revenue of €85 billion in 2024, a 17 percent drop in net profit to €12.5 billion, due to decreased global consumer spending, particularly impacting its fashion and leather goods division and exacerbated by trade tensions with China; however, the company maintains optimism for ...
Progress
48% Bias Score
LVMH Exceeds Sales Expectations, Signaling Luxury Sector Turnaround
LVMH reported €84.68 billion in 2024 sales, exceeding analyst forecasts and showing 1% organic growth year-over-year, driven by strong performance in Europe, the U.S., and Japan, despite weakness in Asia and lagging performance in some segments.
LVMH Exceeds Sales Expectations, Signaling Luxury Sector Turnaround
LVMH reported €84.68 billion in 2024 sales, exceeding analyst forecasts and showing 1% organic growth year-over-year, driven by strong performance in Europe, the U.S., and Japan, despite weakness in Asia and lagging performance in some segments.
Progress
36% Bias Score
LVMH Overtakes Novo Nordisk as Europe's Most Valuable Company
LVMH has overtaken Novo Nordisk as Europe's most valuable company, with a market cap of €341 billion versus Novo Nordisk's €261 billion, due to strong performance in the luxury sector and concerns about Novo Nordisk's pricing in the US.
LVMH Overtakes Novo Nordisk as Europe's Most Valuable Company
LVMH has overtaken Novo Nordisk as Europe's most valuable company, with a market cap of €341 billion versus Novo Nordisk's €261 billion, due to strong performance in the luxury sector and concerns about Novo Nordisk's pricing in the US.
Progress
36% Bias Score
Showing 49 to 60 of 76 results