Bittersweet luxury: crisis remains, but signs of confidence are popping up

It’s a bittersweet picture for luxury… the one that emerges from UBS’ forecasts. Ratings improved, but the recovery is slow: “Not before the second half of 2026”, writes the Swiss bank. There is confidence for Burberry, Richemont and Hermès. While negative estimates remain for Ferragamo. International context and wars weigh on, but the sector, with…