Key takeaways: Investing in high-end retail has turned into a contrarian strategy, but indicators suggest that the decline in profits and consumer optimism may be coming to an end. European luxury companies underperformed the general market significantly – by as much as a quarter – until a period of stabilization set in in May. Nevertheless […]
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Key takeaways: Investing in high-end retail has turned into a contrarian strategy, but indicators suggest that the decline in profits and consumer optimism may be coming to an end. European luxury companies underperformed the general market significantly – by as much as a quarter – until a period of stabilization set in in May. Nevertheless […]