Tough luxury market dims Dior’s shine

Quick Summary:

Sales stutter at LVMH brand run by Bernard Arnault’s daughter Delphine as luxury downturn deepens.

Delphine Arnault has been focused on “long-term desirability”, a person close to her said, investing in the Dior brand through big destination runway shows — such as a recent one in Scotland — and dressing stars from Céline Dion to Lady Gaga at the Paris Olympics opening ceremony.

Dior has raised them the most, according to Bernstein analysis, pushing up like-for-like price tags on “evergreen” products by more than 60 per cent between 2020 and 2023.“At some point in the consumer’s mind, the absolute numbers just don’t make sense,” said the luxury financier.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeChinaMali

Topics: Delphine Dior Cent Sales Lvmh Luxury Vuitton Growth Customers Market Brands

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 14:11:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 1330 words

Reading Time: 8 minutes read

Sentences: 38 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23194382

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 62 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions