JPMorgan flags choppier European luxury Q3 as comps tough
JPMorgan analysts say European luxury could see a choppy third quarter as the comparison base gets tougher, despite the expected sequential slowdown. They add markets strong in Q2 remain resilient in absolute terms.
European luxury companies could experience a choppy third quarter, as the comparison base gets tougher, analysts at JPMorgan say.
Despite the expected sequential slowdown, markets that were already strong in the second quarter remain resilient in absolute terms, the analysts write in a research not…