Luca Solca, a Bernstein analyst with deep expertise in luxury market trends, joins to unveil the shifting landscape of high-end fashion. They dissect LVMH’s strategy of pruning its portfolio, including recent exits like Stella McCartney. The conversation dives into Gucci's leadership challenges and Richemont's strength in fine jewelry. The excitement of Nike's collaboration with Skims and Estee Lauder's surprising exit adds to the drama, showcasing a luxury market that's both vibrant and volatile.