GIULIETTA TALEVI: For the super-rich, the pandemic has been a time to splurge

Luxury brand Burberry at a shopping mall in Beijing, China. Picture: REUTERS/TINGSHU WANGou care to know what the world’s wealthy spent their cash on in the run-up to the festive season, then Richemont and Burberry’s third-quarter results, released on Wednesday, are illuminating.

The Americas, especially, stand out, where sales at constant rates were a truly eye-popping 55% higher, besting every other region for the group. While millions of people lost – or quit – their jobs during the pandemic, the world’s billionaires had a roaring time. According to data from Forbes, the US’s billionaires grew $2.1-trillion richer during the pandemic, a gain of about 70%. They also increased in number. According to Forbes, in March 2020 there were 614 Americans with 10-figure bank accounts; by October there were 745.The numbers may also indicate that the age of the slovenly pandemic track pant is behind us.

The big question for investors is what may happen to these luxury goods groups in 2022 – not just from a sales perspective, but from a share price performance., analysts estimate that luxury goods sales will increase from €283bn in 2021 to between €300bn and €310bn in 2022.

GTalevi No matter what, the rich get richer.

GTalevi You have to Stand Up for yourself, No one is gonna be with you on the way to Success because the path of Success is very hard and only few can go over it. I earned over R350,000 thanks to Lisaberry76

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GIULIETTA TALEVI: For the super-rich, the pandemic has been a time to splurgeThe luxury goods houses did a roaring trade as truly colossal sums of money were lavished on the world’s finest watches, perfumes, jewellery, handbags and high-end clobber, writes GTalevi.
Source: FinancialMail - 🏆 20. / 63 Read more »

GIULIETTA TALEVI: For the super-rich, the pandemic has been a time to splurgeThe luxury goods houses did a roaring trade as truly colossal sums of money were lavished on the world’s finest watches, perfumes, jewellery, handbags and high-end clobber, writes GTalevi. GTalevi Just want to say a very big thank you to Mrs lisamiabtc3 and her company platform for their transparency, I had doubts at first but seeing I got paid I deemed it necessary to share with the general public and to let them know that you can be truly trusted..thank you so much.
Source: FinancialMail - 🏆 20. / 63 Read more »

GIULIETTA TALEVI: For the super-rich, the pandemic has been a time to splurgeThe luxury goods houses did a roaring trade as truly colossal sums of money were lavished on the world’s finest watches, perfumes, jewellery, handbags and high-end clobber, writes GTalevi. GTalevi You have to Stand Up for yourself, No one is gonna be with you on the way to Success because the path of Success is very hard and only few can go over it. I earned over R350,000 thanks to Lisaberry76
Source: FinancialMail - 🏆 20. / 63 Read more »

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