Partner Sean Burke Shares Insight on Inflation in Luxury Retail for 2023 and Beyond
January 1, 2023 | Sean Burke, partner and retail industry lead at Clarkston, was recently featured by Capital.com for his thoughts on inflation in luxury retail. This article shares insight on the stock outlook for Kering, a luxury, global fashion group that owns a 42% controlling stake in Gucci. Read an excerpt of the article below, and the full article here to explore the factors that are shaping Kering stock forecasts for 2023 and beyond.
Kering stock forecast: Will 2023 bring better fortunes for fashion giant?
“Thankfully for Kering, luxury brands tend to be more resilient to inflationary pressures. Sean Burke of Clarkston Consulting painted a picture of a sector that was relatively immune to price rises, with a specific Chanel bag rising 60% in the space of a year, leaving demand relatively unencumbered. However, Burke added that economic headwinds could push middle-class buyers back out of the luxury market.”