Luxury recovers thanks to Chinese demand, especially the high jewelery sector. To open the season of positive results will be Richemont, with brands such as Baume & Mercier, Panerai and Montblanc. Analysts are giving prospects for further recovery after the epidemic for Cartier in the lead, mainly thanks to the reopening in China, and Tiffany, which also during the pandemic peak saw more contained oscillations than other brands. LVMH has decidedly restarted, with brands of the caliber of Dior, Bulgari, Fendi, the same Tiffany and Louis Vuitton, with a capitalization of 202.3 billion euros. The same goes for Kering, which is headed by Gucci and Saint Laurent, with 63 billion capitalization compared to 60 in March and 72 billion in January. In Hong Kong and Germany, Prada, capitalization of 7.7 billion euros, has recovered as well as Capri Holdings which includes brands such as Michael Kors and Versace which capitalizes on 2.3 billion dollars compared to 5.36 in January. In Italy, Moncler, which announced the launch of its first perfume in the first quarter of 2022, with an exclusive worldwide licensing agreement with the French high-end Interparfums, capitalizes 8.8 billion. Slower Ferragamo, 1.9 billion and Tod’s, 0.8 billion.
***
