Intern Pierre

Luxury & markets analysis without the PR gloss. On-the-ground channel checks from Monaco to Madison Ave. Coverage includes LVMH, Ferrari, RH, Hermès, Cucinelli

[Intern Pierre @internpierre]

RH is guiding to +16–21% Q4 growth in what Gary Friedman calls the worst housing market in four decades.

One new collection is supposed to carry 8 points of it.

I spoke to a former insider about whether that demand is real. 🧵 $RH

[Intern Pierre @internpierre]

@ybsgige Excellent question! For long haul, I’ve always had good experiences in Singapore and Emirates (some of their planes are getting old and WiFi can be in and out)

[Intern Pierre @internpierre]

Holy AI 😂 The enshittification of this airline continues

[Etihad @etihad]

From the racetrack to the skies, and now on board.

Our McLaren Racing-themed Boeing 787 Dreamliner has completed its inaugural flight, taking off from Abu Dhabi to Madrid and beginning its journey across our global network.

To celebrate, we're also launching limited-edition Etihad x McLaren Racing loungewear for The Residence, First, and Business guests on selected long-haul flights.

Read more: https://t.co/wt1WeEENo7

[Intern Pierre @internpierre]

@1RadioFan @formularacers_ @Auto_Racer_it Wow did you take time from your busy day on your parents’ basement to come up with that? Also I don’t see how that’s a constructive counterpoint

[Intern Pierre @internpierre]

@koenaswift13 @formularacers_ @Auto_Racer_it Probably why I’m still an unpaid intern! Not really sure how that’s a good counter argument

[Intern Pierre @internpierre]

@MattJMcClintock Excellent data point!

[Intern Pierre @internpierre]

@OHWallStreet *three

[Intern Pierre @internpierre]

@BreakoutPoint Many such cases Goldman Sachs put LVMH on their conviction buy list and it’s gotten smoked since then lol

[Intern Pierre @internpierre]

@AutismCapital So does this debunk the “honey dick” theory?

[Intern Pierre @internpierre]

@Rayman_______ @Kwakeka_ @formularacers_ @Auto_Racer_it Like what!

[Intern Pierre @internpierre]

@Egomaniac808 @formularacers_ @Auto_Racer_it I have a great one as an unpaid intern!

[Intern Pierre @internpierre]

@KollmannBastian @formularacers_ @Auto_Racer_it Oh man the bots are out in full force today. At least make an argument…

[Intern Pierre @internpierre]

Link to join Substack here https://t.co/seOEkwrGvg

[Intern Pierre @internpierre]

Burberry has grown five quarters in a row. Sales up 6% to £1.1bn in six months, and a £54m profit vs an £18m loss last year. Americas up 12%, China up 7%, Europe down 2%.

Full breakdown later today for paid subscribers on Substack. Link in comments. $BRBY

[Intern Pierre @internpierre]

@Kwakeka_ @formularacers_ @Auto_Racer_it Charles didn’t get lapped last weekend…

[Intern Pierre @internpierre]

@DeepSailCapital Small and not a ton of borrow but $SVIA https://t.co/I1qiLIwljr

[Intern Pierre @internpierre]

Ferrari keeps track of all of this stuff in extreme detail, they also know where the parts go to service them ie through Tbilisi. And per the new EU laws it’s on the manufacturer to know where these things end up even if it’s through a distributor and the penalty is fairly severe so if the EU wants a scalp to make an example this is a pretty easy one. From a political perspective I could care less, it’s just surprising how blatant this stuff is

[Intern Pierre @internpierre]

Mansory-kitted Ferrari SF90 on Moscow plates. EU sanctions require Mansory and Ferrari to vet customers and end users so products can’t reach Russia via third countries.

How did these get there?

Surprised no one’s noticing given my regulatory track record (see $OFRM) $RACE

[Intern Pierre @internpierre]

Golden Goose sales are up 16% to €583M in the first nine months of 2026. More than 80% now come through its own stores and website.

Europe grew 17% even as many luxury brands struggle there.

Profits also increased, though a bit slower than sales.