Luxury Sector Targets 2026 Recovery Amid Versace Integration and Global Corporate Shifts

Prada Group successfully finalized its acquisition of Versace on December 2, 2025, in a deal valued between approximately €1.25 billion and €1.375 billion. This transaction, which saw the brand move from Capri Holdings, represents one of the most significant consolidations in the Italian luxury market in recent history. The integration marks a new chapter for the group as it expands its footprint across the high-end fashion landscape.

Following the acquisition, the group's revenue distribution has been realigned to reflect its new portfolio. Versace now accounts for approximately 13% of the group's pro-forma revenue, while Miu Miu contributes roughly 22% of the total earnings. The flagship Prada brand continues to lead the group, representing 64% of the overall revenue share.

Lorenzo Bertelli, the heir to the Prada legacy, is set to assume the role of Executive Chairman at Versace. While the flagship Prada brand has seen a stabilization in growth, Miu Miu has demonstrated exceptional momentum, with sales climbing by 41% during the first nine months of 2025. This growth, particularly among younger consumers, is viewed as a critical pillar of the group's resilience. Analysts at Bank of America have noted a broader market shift away from the "quiet luxury" trend, which may further benefit Miu Miu’s bold positioning. Meanwhile, Prada Group’s CFO remains cautiously optimistic about the Chinese market, expecting a return to growth by 2026.

The corporate calendar for the week of February 27, 2026, features several high-stakes announcements. Prada SpA has scheduled its board meeting for March 5, 2026, to approve the financial results for the 2025 fiscal year. On the same day, JD.com, Inc. will release its unaudited financial data for the fourth quarter and the full year of 2025. This release will occur before the US market opens, followed by an investor conference call at 7:00 AM Eastern Time. Analysts suggest that any lackluster performance from JD.com is likely a result of the high comparison base from previous government subsidies, with a recovery expected after the October-December period.

In the industrial sector, MMG has announced a significant non-cash write-down of $280 million to $300 million related to its Kinsevere mine in the Democratic Republic of Congo. This adjustment stems from cobalt export restrictions, power supply issues, and fiscal uncertainties in the region. Despite this accounting move, which will not affect the company's cash flow, MMG anticipates a strong unaudited net profit for shareholders of between $500 million and $520 million for 2025. This positive outlook is supported by high metal prices and robust performance at the Las Bambas and Dugald River operations.

Significant leadership changes are also unfolding in the technology sector. Robin Gerard Ng Cher Tat, the CEO of ASMPT, has notified the board of his intention to retire following the annual general meeting on May 7, 2026. He will remain in his role until a successor is found to ensure a smooth transition. Concurrently, executive director Guenter Walter Lauber will also step down upon reaching retirement age. Additionally, the market is closely watching Bilibili, which is expected to report its first-ever annual profit. These diverse corporate updates paint a complex picture for global investors as they look toward the middle of 2026.