(Finance) – Very positive trend for European brands luxury driven by the Chinese push. Thanks also to the new support measures from Beijing to revive the stagnant economy and the approach of the “Golden Week” holiday, which usually pushes up consumption in the country, luxury companies are making significant gains in the European markets of reference. Paris Among the best performances are Kering, Hermes And LVMH with earnings above 4%, as well as Christian Dior. Exchanges were also more than positive for Burberry to London and for Hugo Boss in Frankfurt.
The sector is also doing well in Italy. Brunello Cucinelli leads the FTSE Mib with a performance above 3.5% and Salvatore Ferragamo records gains above 5% among Mid Caps. Aeffe instead gains 3.4% despite the announcement of the farewell of Alberta Ferretti of the creative direction of the brand she founded. In contrast, however, Gismondi 1754 which pays for this morning’s bad half-year report.