Fashion brands

• What is the expected change in spending on personal luxury goods in 2024?

  Spending is set to fall by 2%
• What does Bain, a consultancy, predict about luxury goods spending?

  They predict a 2% decrease in spending
• What has happened to sales of fashion and leather items at LVMH?

  Sales have tumbled
• Which luxury brand is owned by Kering?

  Gucci
• What has Kering issued regarding its financial outlook?

  Kering has issued a string of profit warnings
• If someone receives Versace products this Christmas, what might they feel?

  They may feel less pleased than usual
• What percentage of its products is Versace selling at a discount?

  40%
• What does the article suggest about the luxury business's current state?

  Worries about it peaking are overblown
• What is the implication of fewer designer handbags under Christmas trees?

  It indicates a decline in luxury spending
• What is the name of the publication that reported on luxury spending?

  The Economist
• What does the article imply about the future of luxury brands like Louis Vuitton and Hermès?

  They are struggling differently in the market
• What might be a reason for the decline in luxury goods spending?

  Economic factors affecting consumer behavior
• How does the luxury market's performance affect brands like LVMH and Kering?

  It influences their sales and profit forecasts