There Are Few Positive News In The Luxury Industry, Gucci And LVMH.

Recently, the president of the European Central Bank said he hoped to discuss progress rate cuts and quantitative easing policies at the policy meeting held in December, which is why European stock markets have climbed to the highest level in nearly two months.

European luxury brand stocks are rising, and the depreciation of the luxury sector caused by the depreciation of the euro may be temporary.

In fact, the positive news of the luxury industry in October is very few, and corporate activities are also very dim.

Swiss exports of watches in the third quarter fell by 8.5%, the biggest quarterly decline since 2009.

Burberry, Hugo Boss and LVMH group also say that China's economic slowdown has had a huge impact on its revenue.

In any case, LVMH's third quarter earnings report escaped by Cognac and strong liquor business performance, and neutralized the reluctance of fashion and leather products business.

Stocks rose more than 11%.

The Richemont group made a huge profit of 623 million euros through the merger of Yoox/Net- -Porter and the stock price rose 12%.

Despite its continued decline in Swiss watch exports, watch sales in Hong Kong and Macao have been severely weakened, dragging the top half of the group's performance in the first half of fiscal year.

The only real positive news comes from

(Kering) its third quarter earnings report hinted at the recovery of Gucci and its share price rose to 15%.

The group said Gucci was replaced.

The three new series brought to stores in September, sales increased by 9%.

Gucci's efforts in design and stores are likely to play a positive role in the fourth quarter of this year.

Business activities in this month are very dim.

Chanel bought a winery in Napa, while Savile Row's most advanced suit brand Richard James said it plans to sell shares.

At the same time, others

Michael Kors continued to slide, and its share price fell further by 8.5% in October.

Ralph Lauren and Moncler are also unable to withstand the cold spell of the luxury goods industry. Their market capitalization has evaporated by 6.3% and 8.4% respectively.

Burberry's share price slipped after the result of the disappointment of a setback in China's revenue market.

This monthly record has a negative growth of 3%.

In addition, Balenciaga showed the last series of Alexander Wang designed by Wang Daren in the same month, instead of being the new creative director of Demna Gvasalia, a young Georgian designer.

The departure of the creative director of the two classic fashion houses is also unexpected.

Raf Simons left Dior (Dior) in the rumor of boredom, and Alber Elbaz was squeezed out by Lang Wen (Lanvin) by the majority shareholder.