Swatch Archive

Bottoms Up on Hermès, LVMH and Kering Performance

LONDON, United Kingdom — The Savigny Luxury index (“SLI”) staged a relief rally this month, gaining over 7 percent whilst the MSCI World Index (“MSCI”) gained almost 4 percent. Better-than-expected first half results took some of the sting out of the sector’s most severe correction in seven years. Big news The luxury sector stepped up to the plate this first half, surprising investors on the …