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Global luxury sector ends 2024 on strong note despite mixed results

27 Mar '25
10 min read
Global luxury sector ends 2024 on strong note despite mixed results
Global luxury sector ends 2024 on strong note despite mixed results

Insights

  • Luxury giants delivered a mixed bag for FY24, with * out of * companies—Hermès, Moncler, Brunello Cucinelli, Prada, and Ralph Lauren—posting strong growth in both sales and profits.
  • Hugo Boss saw moderate growth, while LVMH, Salvatore Ferragamo, and Kering reported declines.
  • Overall, the sector reflected a solid fiscal, bolstered by strong performances in Europe and the US, despite challenges in Asia.

A total of nine luxury companies announced their financial performance for the period ended December ****. In addition to a solitary nine-month performance from American company Ralph Lauren, four European luxury companies reported growth in their annual sales and profits for ****. With only one ‘Moderate’ and three ‘Weak’ performances reported, the net result reflected a ‘Strong’ luxury performance for ****.

Strong: Growth In Both Sales & Profits

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