Coach’s excellent performance, along with Kate Spade’s potential recovery, drove the business boost of US Tapestry group. Likewise, Moncler, following their rewarding turnover reached in 2017, gained 8 percent points at the Stock Exchange. Conversely, Ralph Lauren’s stock went down; as well, Mulberry’s stock, most of all, decreased in value, while Richemont group has been affected by the appreciation of Swiss Franc on US dollar. Such are the luxury stock market figures provided by Savigny Luxury Index in their report over February 2018 business trends. By and large, both fashion brands and holding companies, observed by Savigny, went down by about 2% in the second month of the year. Prospective currency instability and, in wider terms, selling-oriented markets have been upsetting evaluations.
Savigny Luxury Index makes public February business trends: Tapestry and Moncler on top in the Stock Market, while Mulberry and Ralph Lauren drop in the listings
