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)
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