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Agenda-setting intelligence, analysis and advice for the global fashion community.

Why Some Luxury Groups Are Doing Better Than Others

The slowdown in demand for high-end brands is hitting the sector unevenly, as seen in the polarised third-quarter results released this week by Hermès, Kering and others.
Hermès Spring/Summer 2024 runway.
Hermès Spring/Summer 2024 runway. (Getty Images)

Last week, luxury sector bellwether LVMH reported third-quarter growth that was sharply down compared to the first half of the year in its key fashion and leather goods division, sending the group’s stock tumbling by more than 8 percent.

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