Luxury giants delivered a mixed bag for FY24, with 5 out of 9 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.
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.