Luxury’s strong first half results were a welcome sign in the face of worrying economic headwinds, compounded by interest rate hikes, the war in Ukraine and escalating tensions over Taiwan.
Companies with exposure to the higher end of the luxury market did particularly well. Brunello Cucinelli upgraded its growth forecasts for the full year from 12 to 15 percent based on its strong performance in the first half, while Prada announced that…