1031 GMT - High-end brands could enter a period of more muted growth, with consumers showing signs of luxury fatigue, UBS analysts write in a note. It seems too early to turn optimistic given limited scope for an acceleration in organic sales growth, which is needed to drive valuations and earnings higher, they say. Pricing will be one of the key topics in 2025. "Signs of 'luxury fatigue,' with consumers increasingly questioning the value for money offered by some brands, suggest to us that a potential recovery may come only in 2026," the analysts say. Demand in the U.S. and China will also be in focus, as well as potential store closures in the latter. UBS prefers Hermes and Richemont, while Swatch Group is its least favored. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
December 03, 2024 05:32 ET (10:32 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。