How 'quiet luxury' is subtly taking over investor portfolios
Publishing timestamp: 2024-01-29 21:01:07
Summary
The quiet luxury trend, characterized by understated displays of opulence, has gained popularity in the fashion world and among investors. Luxury stocks, such as Hermes and Prada-owned Miu Miu, have shown strong returns. Investors are attracted to the high pricing and exclusivity of luxury brands, which are seen as a hedge against inflation. The trend is expected to continue, with companies focusing on understated elegance and timeless quality outperforming their "loud" counterparts. Demand for luxury goods in Asia is shifting, with China's recovery and domestic demand being uneven. Other markets like South Korea, Japan, and India are seeing growing demand for luxury goods. Brands that embody quiet luxury are favored by investors, pushing down brands that are considered too "loud" in the rankings.
Sentiment: POSITIVE
Tickers: BC-IT, BRBY-GB, MC-FR, KER-FR, CFR-CH, PRP-FF, JN0-FF, MONC-IT, UHR-CH, RMS-FR,
Keywords: emerging markets, china, compagnie financiere richemont sa, business news, hermes international sca, burberry group plc, breaking news: business, asia economy, kering sa, luxury, brunello cucinelli spa, hong kong, lvmh moet hennessy louis vuitton se, south asia, retail industry, swatch group ag, investment strategy, stock markets, moncler spa, east asia, prada spa, breaking news: investing, ermenegildo zegna nv, asia news,
Source: https://www.cnbc.com/2024/01/30/how-quiet-luxury-is-subtly-taking-over-investor-portfolios-.html