Editor
LONDON — The luxury industry was bracing itself for a week packed full of Q2 earnings from all the major players — LVMH, Kering, Prada, Zegna and Hermès — a signal of how the sector is performing amid declining spending by aspirational customers in the key US market.
Industry heavyweight LVMH was first to report. The fashion and leather goods group still grew by 21 percent in Q2, driven by momentum in China and Japan, and the return of…
