Daily Analysis – Jul 11, 2025
Top Companies
LVMHAudemars PiguetRichemontSwatch GroupValentinoKeringHermès
Top Sectors
WatchmakingMediaFashionCollectibles
Top Countries
SwitzerlandFranceItaly
Summary
A sudden slide in Audemars Piguet’s pre-owned watch prices beneath retail has sounded an alarm for giants from Richemont to Swatch, just as LVMH quietly fortified its media arm by buying Bey Médias. Meanwhile, Valentino’s 22% profit drop—and its CEO’s unexpected leave—adds another twist to Kering’s takeover saga, even as Hermès proves the lasting allure of luxury with a Birkin fetching €8.6 million at auction.
Key News for Today
Audemars Piguet secondary market prices fall below retail for first time since 2022
Why it matters: Falling pre-owned values foreshadow softer primary sales and tighter margins across top watchmakers.
Impact: Brands may face revenue pressure as discounts deepen and grey-market margins evaporate.
What to follow: Monitor Q2 and Q3 secondary market price trends for blue-chip and challenger watch brands.
LVMH takes full control of French media group Bey Médias
Why it matters: The acquisition enhances LVMH’s in-house storytelling and marketing reach.
Impact: Enhanced control over media channels could boost brand narratives and marketing synergies within LVMH’s portfolio.
What to follow: Watch for integration plans and new content strategies across LVMH’s media holdings.
Valentino CEO Jacopo Venturini on sick leave as profits fall 22%
Why it matters: Executive uncertainty and profit declines add pressure to Kering’s proposed takeover timing.
Impact: Investor confidence may waver as the timing of a full Kering acquisition remains unclear.
What to follow: Track announcements on CEO succession plans and Kering’s decisions on cross put and call options.
Original Hermès Birkin bag sells for €8.6 million, setting an auction record
Why it matters: The sale underscores Hermès’s unparalleled prestige and the investment appeal of ultra-luxury accessories.
Impact: High-profile auction results may drive demand and valuation for collectible luxury items.
What to follow: Monitor resale market performance of other iconic luxury collectibles for similar pricing trends.