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3 Luxury Stocks Poised to Benefit from China’s Economic Comeback
Luxury brand companies in the stock market specialize in selling high-end, quality products that command premium prices. Interestingly, the demand for these luxury items often increases as their prices rise. In this piece, we look at the top luxury stocks to benefit from the much-anticipated economic recovery in China. Luxury companies tend to perform robustly, even in economic downturns, primarily because their target demographic consists of wealthy consumers less affected by price fluctuations
- Reuters
Moncler's main shareholder will hold 16% after reshuffle
Moncler's chief executive and main shareholder will be left with roughly 16% of the luxury group once the Rivetti family exits the holding company in a move making the company more accessible for potential bidders, analysts said. Moncler said on Saturday the Rivetti family will become a direct shareholder in the luxury group after ending an investment agreement with CEO Remo Ruffini's holding company Double R. The Rivetti family, which got Double R's shares as a result of Moncler's acquisition of Stone Island some three years ago, currently holds a 16.5% stake in Double R, which in turn has a 23.7% stake in Moncler.
