Brunello Cucinelli soars in China with ‘silent’ styles while Ferragamo faces decline ...Middle East

When LVMH announced on October 10 that revenue grew only 9 percent like-for-like in the third quarter of 2023 — compared to 17 percent in the second quarter — investors were quick to raise their concerns over slowing luxury demand. “An end to the roaring 20s,” Berenberg analysts said as they cut their forecast for the conglomerate. Since then, more luxury players have posted their financial results. While Ferragamo recorded falling revenue in all but one region in the nine months to October 1, luxury fashion rival Brunello Cucinelli celebrated double-digit growth across all its regions, bucking the deceleration trend. Clearly, not every luxury company is missing sales expectations. Still, ea

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