Intelligence Briefs and commentary on LVMH, Kering, Hermès and other luxury groups and brands, open in full. Where desire is built or lost, from image to price. The financial results follow, and they test the reading.
PUBLISHED ELSEWHERE
What LVMH buys, and what it lets go
Article. CPP-Luxury, October 2026.
LVMH under pressure as China's tax crackdown hits luxury spending
Quoted. Fibre2Fashion, October 2026, on LVMH's third quarter and China's tax crackdown.
Read on Fibre2Fashion (subscribers) →
Chanel Is Doubling Down On China While Luxury Rivals Shut Their Stores
Quoted. Fibre2Fashion, September 2026, on Chanel's China strategy.
LVMH H1 2026: The Margin Held, Desire Did Not
LVMH spent the first half proving it can defend a number. It did not prove it can still make people want.
Victoria Beckham: The Beauty Company Inside The Fashion House
The desire is real and it is priced. The open question is which company is actually for sale, and on whose numbers.
Zegna Group: One Brand Carries the Group
Zegna grew its own stores by opening none of them. The read is where the growth concentrates, and what that leaves undecided.
Moncler Group: Funded, Not Yet Measured.
Moncler paid for its Olympic window inside the envelope, then attached a year-round claim that nothing published can score.
Chanel and Charvet: The Address Was the Asset
The most valuable thing Chanel acquired is not a shirtmaker. It is an address on Place Vendôme.
Dior: The Memory Dior Did Not Own
Borrowed love does not transfer at the till. Dior's licensed childhood carried the talk, and the archive carried the quarter.
D&G: The Cost of Control
Dolce & Gabbana is not short of desire. The Brief reads a house financing the present by selling the thing it sells, and what it is allowed to keep.
Estée Lauder: The Price of the Reset
Estée Lauder has proved its own counter-argument. The Brief reads the deepened cuts as a decision about where the brand is allowed to be touched.
REPORT
The Outlook for 87 Luxury Houses
A Strategy Study that rates 87 luxury brands and brand lines in fashion, jewellery, watches and beauty on three horizons.
PDF, 10 pages, October 2026. US$390.