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Luxury’s Resilience Hasn’t Been Tested Yet

Designer fashion brands are still in a gilded age. Even if investors have been too quick to question how long this can go on, the industry doesn’t have the all-clear.   

Shares in LVMH Moët Hennessy Louis Vuitton were up a mere 2% in early trading Wednesday despite another blockbuster quarter for the luxury bellwether’s 72 brands, which include Tiffany & Co. and Christian Dior. Over the three months through September, LVMH sales increased 19% versus a year ago, stripping out the impact of exchange rates. Analysts had expected a 14.5% rise.