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Luxury Is Losing Its Lustre As American Affluents’ Priorities Shift

Latest results of Research The Affluent Luxury Tracking study reveal a HNW/UHNW American consumer balancing their spending between indulgence and restraint.

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Chanel

Hermès Is Close On Chanel’s Heels As Luxury’s Number Two Brand And Gaining Ground

Chanel just announced revenues rose 16% to $19.7 billion in 2023 on a comparable basis at constant currency. It exceeded the 14% organic growth of industry leader LVMH’s Fashion and Leather Goods reporting segment but fell short of Hermès’ 21% advance on constant exchange rates, yet it surpassed Hermès in revenues of $14.5 billion (€13.4 […]

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