Photo courtesy of LVMH
Recent positive financial results from the world?s leading luxury houses has reinstated sector optimism for the first time in years, according to London?s Savigny Partners.
In January, for the fourth consecutive month, Savigny Partner?s Savigny Luxury Index (SLI) gained by nearly 4 percent, while the MSCI World Index (MSCI), a global equity benchmark, remained flat. After a challenging 2016, forecasts are being corrected thanks to a bounceback in China, President Trump’s campaign promise of lower taxes for the wealthy and higher oil prices, among other factors.
The SLI indexes brands such as LVMH, Hermes, Richemont, Estee Lauder, Kering, Luxottica, Swatch, Prada, Coach, Tiffany & Co., Burberry, Ralph Lauren, Michael Kors, Moncler, Salvatore Ferragamo, Tod?s, Brunello Cucinelli, Mulberry and Safilo. On the rebound

Per Savigny Partners, luxury is expected to have a positive 2017 after a 3.8 percent increase recorded for January 2017. This welcome news comes after a period of struggles for many due to slowdown in China, lower tourism numbers and waning interest in hard luxury goods such as fine timepieces.
In December 2016, global tourism consumption increased for the first time in a year. France, an epicenter of dwindling tourist spending, saw a ?strong rebound? while the United Kingdom and Japan noted continued and increased growth.
Although Swiss watch exports have had month after month of poor results, the sector has expressed optimism in...