Every figure on the show comes from 13M+ cleared auction results — searchable, USD-normalized, updated daily.
Get Started →
ALT/FNDATA Membership unlocks every market report and the self-serve dashboards. For teams, book a walkthrough with our data desk.
Player shows the Closing Price feed. Open the episode for this date on your platform of choice.
Bonus Tuesday edition. Three stories moving the luxury equity space today. Tickers covered: WOSG.L | CFR.SW | MC.PA | KER.PA | UHR.SW
Good evening. It's Tuesday, June the second. I'm Sharon, and
This episode of Closing Price is brought to you by ALT/FNDATA, the market intelligence platform for insights on the luxury markets and related public equities. With our data sandbox, you can work directly with the dashboards and datasets behind today's signals to keep your finger on the pulse of the market and drive your competitive advantage. Book a demo at altfndata.com/book.
this is Closing Price from ALT/FNDATA.
This is a bonus Tuesday edition. Three stories moving the luxury
equity space today.
Watches of Switzerland, ticker WOSG on the London Stock Exchange,
surged 14% following its FY2026 earnings release. Group sales:
GBP 1.83 billion, up 13% at constant currency.
The standout: US sales grew 24% year over year and now account
for more than half of the group's total revenue. For FY2027, the
company is guiding 5% to 10% growth at constant currency.
This is significant for the broader watch market. Richemont's
watchmakers were down 4% in their latest report. Watches of
Switzerland, as the largest authorized retailer, is seeing the
opposite — particularly in the US. The divergence suggests
demand is shifting toward specific retail channels rather than
weakening across the board.
Deutsche Bank has added Richemont to its "Most Preferred" list
alongside LVMH and Burberry. This follows upgrades from UBS,
JPMorgan, and HSBC — making Richemont the consensus top pick
across four major banks.
The bank has designated Kering and Moncler as "Least Preferred,"
citing high expectations and risks to earnings.
Separately, Kering went ex-dividend today at EUR 2.75 per share.
Bain and Company's latest luxury report projects Chinese luxury
spending will grow 6% in 2026 — a sharp reversal from the 5%
decline recorded in 2025. Chinese shoppers account for more than
a quarter of annual global luxury sales.
The report also identifies a structural shift: spending is moving
away from traditional luxury goods toward luxury experiences —
hospitality, cruises, fine dining. For publicly traded luxury
houses, that means revenue mix is changing even if top-line
growth returns.
Prices at today's close:
- LVMH (MC.PA): ~EUR 473, down 26% YTD
- Richemont (CFR.SW): near record high CHF 161.80
- Swatch (UHR.SW): CHF 215
- Watches of Switzerland (WOSG.L): up 14% today
- Kering (KER.PA): ex-dividend EUR 2.75
That is Closing Price for Tuesday, June the second. Tickers
covered: WOSG.L, CFR.SW, MC.PA, KER.PA, UHR.SW.
I'm Sharon, from ALT/FNDATA. Open Bid is tomorrow morning at
For the data behind today's signals, the ALT/FNDATA data sandbox gives you hands-on access to our market dashboards and proprietary datasets, so you can test the divergence yourself. Book a demo at altfndata.com/book, or reach us anytime at info@altfndata.com.
six AM Eastern.
