Who are the winners and losers in the luxury sector’s latest results? 

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  Craft matters.

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  In small ways, like how a coffee is brewed.

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  And in not-so-small ways, like how your money is cared for.

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  Which is why for 160 years, UBS has elevated banking to a craft.

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  Tailoring unique strategies that combine human expertise with the latest technologies.

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  All happening across 24 time zones and 12 key financial hubs.

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  With you at the heart of it all.

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  UBS.

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  Advice is our craft.

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  You're listening to The Globalist, first broadcast on the 31st of July 2026 on Monocle Radio.

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  The Globalist in association with UBS.

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  Live from London, this is The Globalist with me, Emma Nelson.

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  And I'm Fanula Sweeney coming up.

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  Dior is leading the way.

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  And then when you look at caring, there is a lot of positive movement with Gucci.

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  It's a house that is the biggest in the portfolio and one that had been lagging behind the most.

• 01:27

  The major fashion houses show signs of recovery as luxury brands return to growth.

• 01:32

  Also ahead in the next 60 minutes, we look at the great summer getaway in Europe,

• 01:37

  hearing the view from Marseille, Milan and Ibiza, while tourists to Sardinia are seeking authenticity.

• 01:43

  Tourism has brought prosperity to Carloforte,

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