GAM's Active Thinking 09 February 2024
The Covid-19 pandemic brought unprecedented changes and disruptions to the luxury sector, forcing it to adapt and transform to survive and thrive. The luxury spending in China, the most important and influential market for luxury brands, spiked and started normalising in the third quarter of 2023.
In recent years, I have occasionally been asked by clients about the role of the Swiss franc in our strategies and its influence on the profits of Swiss companies. Profits are always influenced by very different factors. The following statements reflect my views on the profit trend of the Swiss stock exchange over various periods are intended to be understood as a tendency.
Latest from Charles Hepworth blog:
More gloom from the European retail sector, with sales showing a month-on-month decline of 1.1% in December, slightly worse than forecasts anticipating a 0.9% fall. As the cost-of-living impact lingers, it is clear that this is driving consumers’ behaviour ever more so.
For more expert insights visit our website gam.com/our-thinking.