1235 GMT - So-called absolute luxury companies are faring better than peers that have a stronger focus on trends, RBC Capital Markets' analyst Piral Dadhania says. The former, like Brunello Cucinelli or Ermenegildo Zegna, are defined by extreme exclusivity, craftsmanship, quality, and the absence of splashy designs or visible logos, Dadhania says. Groups that own labels with a stronger focus on fashion and trends are suffering more amid a downturn in demand for luxury goods, the analyst says. These include Gucci-owner Kering and LVMH, which houses Louis Vuitton, he adds.
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