Good things rarely come in small packages anymore in the luxury-goods industry. The new advantages of scale mean investors can expect more takeover approaches like LVMH Moët Hennessy Louis Vuitton’s recent $14.5 billion bid for U.S. jeweler Tiffany & Co. The performance of companies that sell designer fashion is diverging. With a handful of exceptions, small names are trailing larger labels such as Gucci and Louis Vuitton. This is surprising given the opposite trend can be seen in mass-market consumer goods: Technology...

Source: Wall Street Journal November 18, 2019 11:15 UTC