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- 2026-05-12 发布于北京
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GlobalLuxuryGoods
Hermès:ValuationsalreadydiscountaFerrarireset
Hermèsisseeminglyexperiencingfadingmomentum:ThesecondarymarketpriceofHermèsiconicproductshasnormaIizedposta2022peak,inIinewithotherpeericons(e.g.theRoIexDaytona-seeHermès:TheSecondhandPricingTracker-MarI26).In-storetrafficfromour“mega-transect”isrecedinginChinaat-25%-incontrastwithdirectpeers:
ChaneI+130%,Dior+139%(seeGIobaILuxuryGoodsMega-transect:StrongLNY2026foottraffic).1Q26EexpectationshavereducedtoMSDpositiveinthepastweek.
Therecou
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