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Luxury Recovery Confirmed

Sector results announcements have confirmed that recovery in the luxury sector is no longer a pipe dream.
Savigny Luxury Index October 2017 | Source: Savigny Partners
By
  • Pierre Mallevays

The Savigny Luxury Index (“SLI”) gained 6.8 percent this month, almost double the MSCI’s gain of 3.5 percent. More positive news flow, including yet another stellar quarterly performance by Kering, prompted a mini-rally in the SLI. Voices of caution warning of currency headwinds and the potential impact of geo-political events (North Korea anyone?) have taken a backseat.

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