HSBC Report: Luxury Set to Rebound in 2026 [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
HSBC issued an upbeat report Monday on the luxury sector, predicting midsingle-digit growth this year on average for several of the world's leading brands and corporations. Seven of the eight luxury firms covered by HSBC — LVMH Moët Hennessy Louis Vuitton, Richemont, Burberry, Prada, Moncler, Hermès and Kering — have been assigned buy ratings. The report was issued March 9, however, before the war in Iran escalated with major macroeconomic impacts. More from WWD War in the Middle East to Halve Luxury's Regional Sales in March, Bernstein Estimates Swarovski's New 'Shrek'-Themed Figurines Will Help You Decorate Your Swamp in Style EXCLUSIVE: This New Fashion M&A Firm Boasts an Astonishing Rolodex HSBC, one of the world's largest banking and financial services organizations, based its outlook on a variety of factors, most notably that luxury firms were addressing self-inflicted issues such as insufficient creativity and “greedflation,” meaning raising prices beyond what woul
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