News
【Flash news】Top3 Luxury Conglomerate 23 2Q First Analysis
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- tags: consulting finance luxury
Top3 lucxury conglomerate flash report was released last week. Some points were a bit surprising for me. In this blog, I am going to write about the analysis and quick comment.
Summary
Both LVMH and RIchmeont show similar trend for revenue.
LVMH also shows similar increase percentage for OP
On the ohter hand, KEIRNG shows different, almost flat comapred with FY.
2% is actually relatively low considering currnet luxury market situation.
Additoonally, operating margin was negative. Mainly from GUCCHI, only 1% increase and no 2 digits increase brand in KERING. 4-6 three month performance was not good too. This means it takes much time to recover performance.
More detail analysis in Japanes, so please see following link.