The prevailing wind is changing for the global luxury sector as relations between America and China worsen, the upheaval in Hong Kong intensifies and Brexit uncertainty drags on, according to analysts at Bernstein Research.
Recommending that investors increase their exposure to “high-quality names” such as LVMH, the French owner of Louis Vuitton, and put “self-help stories” on pause, they downgraded Burberry, the British fashion house.
