have picked their favorite luxury fashion stocks, as the sector shifts from "nice-to-have" to a "must-have" for investors.
The global stock picks are set to cash in as millions of Chinese consumers rush to buy high-end clothing and handbags online, the analysts said in a research note last week. "China is the most exciting opportunity in online luxury," they wrote. The bank expects Chinese shoppers to spend 41 billion euros buying luxury goods via e-commerce in 2025 — a four-fold increase on 2020.
Two European players are best positioned to tap this trend, according to the bank's analysts, led by Geoffroy de Mendez. Their "must-have" stocks are:
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Pro It's boring to sit at home alone, looking for someone to spend time with