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Bloomberg Intelligence
US GDP Rises, Airline Earnings
Jul 25, 2024
Guests from various industries discuss US economic data, airline earnings, pharmaceutical company performance, and commercial real estate in an engaging and insightful conversation on the podcast.
39:15
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Quick takeaways
- Luxury sector faces growth challenges due to pandemic impact and changing consumer spending patterns.
- High-end luxury brands like Hermès and Brunello Cucinelli maintain solid performance amidst market challenges.
Deep dives
The Impact of the Pandemic on the Luxury Sector
The luxury sector has experienced a slowdown in growth due to the impact of the pandemic. While China's market showed stagnation, there was a shift in consumer spending patterns, particularly towards Japan. Luxury retailers like Gucci, Richemont, and LVMH reported slower growth rates, reflecting the challenges faced by high-end brands in rebuilding and repositioning themselves in the market.
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Discover
highlights
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