“A strange thing has happened in the world of luxury products. There now appear to be separate realities in the world of luxury brands.
Instead of bundling luxury retailers together and making a one-size-fits-all sector call as they have in the past, investors must reach brand-by-brand decisions, according to the Financial Times.
For instance, Tiffany reported a 30 percent drop in third-quarter earnings, Louis Vuitton reported the softest growth in 12 years, and Burberry issues a profit warning in September, the Times reports. Yet Hermes raised its sales and profitability targets and Prada Group’s earnings through September of this year were up 50 percent over last year…”
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