Luxury Headlines – 26/10/2026
Luxury Headlines – 26/10/2026
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Kering Delivers Stable Q3 Results as Jewelry Leads Growth
Kering reported stable Q3 2026 revenue of €3,345 million (-1% comparable), bringing nine-month revenue to €10,565 million (-2% reported; stable comparable). Stronger product execution and client engagement supported conversion and spending per purchase across most Maisons. Kering Jewelry led Group growth, with revenue up 12%, driven by Boucheron and Pomellato, followed by Kering Eyewear, up 6% with growth across all regions. Fashion & Leather Goods declined 1%, as solid momentum at Saint Laurent, Bottega Veneta and Brioni partly offset Gucci's 4% decline. Looking ahead, restoring Gucci's desirability remains the Group's main priority, alongside its goal of improving the recurring operating margin in 2026 through efficiency measures.
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Hermès Posts Solid Q3 Revenue Growth Driven by Model Resilience
Hermès demonstrated strong resilience in a challenging macroeconomic climate, reporting Q3 2026 revenue of €4.1 billion, up 6% (+4% at constant exchange rates), bringing nine-month revenue to €12.3 billion (+3% reported, +6% at constant exchange rates). Growth was anchored by Leather Goods and Saddlery, which increased by 12.4% behind demand for iconic and new designs and expanded production capacity. Other sectors, including Jewelry and the Home universe, grew by 11.1%, followed by Perfume and Beauty (+7.9%) and Silk and Textiles (+2.4%). Regionally, the Americas led at +10.7%, followed by Europe excluding France (+8.6%), Asia excluding Japan (+3.8%), France (+3.6%), and Japan (+3.4%), while other regions, mainly the Middle East, decreased -2.8% due to geopolitical pressures. Looking ahead, Hermès reaffirmed its medium-term revenue growth ambitions, supported by its artisanal model, balanced distribution network, and high customer loyalty.
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Zegna Group Q3 Revenue Up +8.9%, Led by ZEGNA
Ermenegildo Zegna Group reported strong Q3 2026 revenue of €433.8 million, up 8.9% at reported rates (+8.2% organic), bringing nine-month revenue to €1,421.1 million (+7.2% reported; +8.9% organic). Group performance was spearheaded by ZEGNA, where quarterly revenue increased 13.8%, alongside TOM FORD with a 5.4% increase. Thom Browne contracted 5.9%, reflecting softer consumer demand. DTC revenue surged 13.0%, anchored by ZEGNA DTC’s 18.2% increase across all regions. Geographically, the Americas led growth by 14.0%, followed by Greater China (+8.7%), EMEA (+6.9%), and Rest of APAC (+3.6%). Meanwhile, branded wholesale fell 5.2% as ZEGNA (-9.8%) and Thom Browne (-9.9%) are intentionally restricting distribution to preserve brand exclusivity, offsetting a +7.2% wholesale gain at TOM FORD FASHION driven by strong Fall/Winter reception. Navigating macro uncertainty, management reaffirmed its core focus on client relationships and a century of heritage craftsmanship.
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L'Oréal Q3 2026 Results Outpace Global Beauty Market
L’Oréal delivered a strong third quarter in 2026, growing ahead of the global beauty market with sales reaching €11,561.4 million, up 11.9% reported (+7.2% like-for-like). This performance brought nine-month revenue to €35.33 billion, up +7.7% reported (+6.9% like-for-like). The Professional Products Division led group expansion (+19.1%), driven by haircare premiumization and strong omnichannel execution, alongside Dermatological Beauty (+15.7%), where La Roche-Posay, CeraVe, and SkinCeuticals all posted double-digit growth. L'Oréal Luxe posted a solid gain (+12.3%), anchored by strong fragrance, and Consumer Products rose +7.5%. Geographically, SAPMENA–SSA led with +21% growth, followed by North Asia (+14.1%), Europe (+13.2%), Latin America (+11%), and North America (+6%). Strategically, L'Oréal expanded in India by acquiring a majority stake in Innovist and partnering with Nykaa via BOLD, while signing an MOU with Cosmax for next-generation beauty innovations.
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Audemars Piguet Expands Hong Kong Retail Presence
Audemars Piguet is expanding its retail footprint in Hong Kong, securing two major spaces in the Central business district to capitalize on resilient local luxury demand. The Swiss watchmaker will open an Asian flagship at New World Tower, replacing Emperor Watch & Jewellery with a monthly rent exceeding HK$2 million. Additionally, the brand is taking another location at the Henley Building for around HK$1 million monthly to house "AP Lab," an experience-focused concept highlighting its heritage.
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Loro Piana Brings Garment Care Atelier to Madison Avenue
Loro Piana has introduced an exclusive, appointment-only atelier within its Madison Avenue flagship, designed to deepen client engagement through education, craftsmanship, and aftercare. Guided by a dedicated hospitality manager, visitors are immersed in the heritage and technical expertise behind the brand's signature fibers, including vicuña, cashmere, baby cashmere, The Gift of Kings wool, cotton, and linen. Beyond storytelling, the atelier reinforces long-term ownership through specialized repair and garment-care services, complemented by a proprietary range of natural, plant-based detergents formulated to preserve color, softness, and fiber quality.
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Mandarin Oriental Unveils Exclusive Globe-Trotter Luggage Partnership
Mandarin Oriental has launched a global partnership with luxury luggage manufacturer Globe-Trotter, introducing a co-branded collection of travel cases and accessories. Finished in Celadon Green with ivory leather trim, the handcrafted English fiberboard cases feature Mandarin Oriental’s signature fan motif interior lining. The collaboration commemorates the 150th anniversary of Mandarin Oriental, Bangkok, through a limited-edition series showcasing custom leather detailing and a phoenix-patterned lining. The collection will be sold globally via Globe-Trotter and Mandarin Oriental e-commerce platforms, with dedicated lobby showcases at key properties, including Mandarin Oriental Mayfair in London, Mandarin Oriental Qianmen in Beijing, and Mandarin Oriental the Landmark in Hong Kong.
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Aman Brings Its Signature Service to the Caribbean Aboard Amangati
Aman at Sea, the yacht venture of Aman Resorts, has announced the first Caribbean season for Amangati, its 600-foot cruise ship. The ship will run 19 voyages of five to eight nights from Saint John's between November 2027 and March 2028, following its Mediterranean debut in May 2027. Each voyage includes cultural experiences and a concierge who can plan bespoke activities for guests. A dedicated suite host will look after each guest's day on board, while two helipads and six tenders will make it easy to get from the ship to shore. On selected festive sailings, guests can also attend a private New Year's celebration at a resort in Nevis. Currently under construction at Genoa’s T. Mariotti shipyard, the nine-deck liner will feature 47 suites, restaurants, a jazz club, cinema, Aman Spa, beach club, and a swimming pool.
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