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A difficult Q2 report card for luxury goods: zero revenue growth, price increases and promotions together, with Hermès "holding up the roof".
Bank of America Merrill Lynch stated that the second-quarter weighted average income of the luxury goods industry recorded zero growth, the lowest in fifteen quarters, and also showed trends such as brand polarization, negative growth in hard luxury income, and deteriorating demand in the USA.
GTJA: In July, the month-on-month growth rate of social retail goods improved. We continue to recommend vertical O2O and going overseas.
In July 2024, the social zero growth rate increased month-on-month, while the social zero above quota decreased year-on-year. Continue to focus on recommending vertical O2O + going global.
Luk Fook Holdings (00590.HK) director, chairman and CEO Wong Wai Sheung increased his shareholding by 0.17 million shares.
According to the latest equity disclosure information from the Hong Kong Stock Exchange, on August 15, 2024, Luk Fook Holdings (00590.HK), chaired by executive director Huang Weichang, acquired 0.17 million shares at an average price of HKD 14.5918 per share, involving approximately HKD 2.4806 million. After the shareholding, Huang Weichang's latest number of shares held increased from 45.21% to 45.24%, with a total of 265,624,269 shares.
Luk Fook Holdings (International) Limited (HKG:590) Stock Goes Ex-Dividend In Just Four Days
Luk Fook Holdings (00590) re-elected Huang Weichang as Chairman.
Luk Fook Holdings (00590) announced that the group has re-elected Wong Wai Sheung as Chairman and re-elected Wong Ho Lung as Vice Chairman.
Express News | Luk Fook Holdings International - Wong Wai Sheung Re-Elected as Chairman
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