luxury consumers
Is Burberry a ‘Takeover Target’ after a fifth of its share price drop?
After losing a fifth of its value since the start of the year, Burberry is at risk of a takeover, City analysts have warned. “As the sole British brand of scale operating independently – a rarity in the luxury industry – it boasts a rich heritage and the opportunity to enhance its iconic product lines and accessories.”
Hermes defies luxury slowdown with sales jump in China, outpacing competition
Birkin bag maker Hermes (HRMS.PA), opens a 17% surge in first-quarter sales, sustaining a significant upswing in sales from the previous quarter particularly in China, indicating a strong demand for high end luxury.