(ANSA) - MILAN, JAN 23 - The Covid 19 pandemic does not slow down luxury, despite new cases in China. It is indeed the combination of robust growth in the Spesacinese and a good start to the earnings season to support stocks from giants such as LVMH, Hermes and Kering, which have reached record levels in the last two months. This was revealed by a series of analysts, for example by Blackrock, who compare the shares of European luxury companies to those of US technology companies, therefore without rivals in their global dominance. Looking at Richemont's results for the last quarter of 2020, for example, sales rose 1% (+ 5% at constant exchange rates), particularly solid in Asia Pacific, the Middle East and Africa, with double-digit growth that largely offset the calia a figure in the Americas and Japan. Excellent performance of the jewelry. From the bottom of Gam luxury, even more rosy perspectives are given for LVMH, which will deliver the results on Tuesday, motivating it with the strong momentum of its brands like Dior and LouisVuitton. (HANDLE).
Luxury: record titles Lvmh, Hermes and Kering last two months
2021-01-23T10:46:28.954Z
The Covid 19 pandemic does not stop luxury, despite also new cases in China. (HANDLE)