European stocks, including the Stoxx 600 benchmark, experienced significant declines on Thursday, nearing the point of wiping out all gains made in 2023 due to disappointing corporate...
By Victoria Waldersee BERLIN (Reuters) -Porsche AG shares on Wednesday hit a one-year low since its listing last September as the carmaker warned the luxury sector was also feeling the hit...
Kering (EPA:PRTP) (OTC:PPRUY) shares fell more than 3% after the France-based luxury company said its sales fell 9% amid weaker demand for high-end clothing products. As a result, Kering...
In a disappointing turn of events for Kering (EPA:PRTP), the parent company of luxury brands such as Gucci, Yves Saint Laurent, and Bottega Veneta, its shares have fallen to their lowest...
A look at the day ahead in European and global markets from Tom Westbrook:Giants of tech and luxury goods have turned in mixed reports. Microsoft (NASDAQ:MSFT) and Google parent Alphabet...
The European luxury sector is facing headwinds, with concerns over dwindling demand from China and rising non-discretionary costs, according to RBC. On Monday, RBC scrutinized the industry,...
European luxury stocks, including LVMH (EPA:LVMH), Kering (EPA:PRTP), Richemont (JO:CFRJ), and Burberry Group (OTC:BURBY) Plc, experienced a decline on Tuesday. This downturn follows a...
Luxury conglomerate Kering (EPA:PRTP)'s flagship fashion label, Gucci, entered a transformative phase under the new creative director, Sabato de Sarno. His minimalist debut collection,...
By Shashwat Chauhan and Ankika Biswas(Reuters) -European shares snapped a four-day losing streak on Monday as energy and miners rose, tracking higher global commodity prices, while Danish...
Investing.com -- Fashion house Tapestry (NYSE:TPR) has agreed to acquire Michael Kors-parent Capri Holdings (NYSE:CPRI) in a deal valued at about $8.5 billion, as the firms attempt to...
Investing.com -- Shares in LVMH Moët Hennessy Louis Vuitton SE (EPA:LVMH) slipped on Wednesday after sales at the world's largest luxury group narrowly beat expectations in the second...
By Amruta Khandekar, Shreyashi Sanyal and Shristi Achar A (Reuters) -European shares fell on Monday as Richemont (JO:CFRJ) led a slide among luxury firms on weaker-than-expected organic...
A look at the day ahead in U.S. and global markets from Mike DolanChina's spluttering recovery set the tone for world markets on Monday after a bumper week of U.S. disinflation news was...
Investing.com - European stock markets traded lower Monday, as weak Chinese inflation data raised concerns about the health of the world's second-largest economy. At 03:30 ET (07:30 GMT),...
Investing.com - European stock markets are expected to open lower Monday, as weak Chinese inflation data raised concerns about the health of the world's second-largest economy. At 02:00 ET...
Investing.com -- Shares in Burberry Group PLC (LON:BRBY) fell in mid-morning trading on Thursday after the luxury fashion brand reported a quarterly slowdown in sales in the Americas...
Investing.com -- Shares in Richemont (JO:CFRJ) (SIX:CFR) touched a new high on Friday after the luxury group {{erl-318||posted better-than-expected sales and profit in its 2023 financial...
By Scott Kanowsky Investing.com -- Shares in Moncler SpA (BIT:MONC) surged by as much as 8.5% on Wednesday after the Italian fashion house reported better-than-expected annual income and...
Investing.com - Here are this week's top FTSE 100 movers, a week in which the FTSE 100 closed up 1.5%: Top FTSE 100 gainers Vodafone Group PLC (LON:VOD): The telecoms company gained...
By Daniel Shvartsman Investing.com -- Here are this week's top Euro Stoxx 50 movers, a week in which the index closed up 1.8% amidst a busy week of earnings. Top 5 Euro Stoxx 50...
By Scott Kanowsky Investing.com -- Hermès International SCA (EPA:HRMS) posted better-than-anticipated sales in the fourth quarter as demand in China remained resilient despite the...
By Scott Kanowsky Investing.com -- Shares in Kering (EPA:PRTP) gained on Wednesday, reversing earlier losses, as investors were hopeful that the lifting of COVID-19 restrictions in...
By Geoffrey Smith Investing.com -- Europe's big luxury stocks weakened on Monday on concerns that the wave of political protests in China could hit sales in one of their most important...
Here are the 6 most head-turning deal dispatches from the past week, as covered first on InvestingPro+. 1. Estee Lauder (NYSE:EL) has agreed to buy Tom Ford (NYSE:F) for $2.8 billion....
By Senad Karaahmetovic Yesterday, Estée Lauder (NYSE:EL) announced a "transformative deal" to acquire Tom Ford for $2.8 billion. The company will pay about $2.3B, in addition to $300M in...
By Scott Kanowsky Investing.com -- Shares in European luxury firms moved higher after China said that it will slightly relax some of its COVID-19 rules for overseas travelers and close...
By Peter Nurse Investing.com - European stock markets traded higher Friday, continuing the positive tone generated by the softer-than-expected U.S. inflation, even as growth data pointed to...
(Bloomberg) -- Less-affluent luxury shoppers are curtailing their once-frenzied purchases of entry-level products such as Gucci slippers and Balenciaga belts — a sign that the cooling of the...
By Scott Kanowsky Investing.com -- French luxury company Kering SA (EPA:PRTP) reported a jump in total sales during the third quarter thanks to American shoppers in Europe taking...
By Scott Kanowsky Investing.com -- European retail companies are expected to post earnings well below estimates over the next two years, according to analysis from Berenberg. In a note, the...
Investing.com - Kering (EPA:PRTP) reported on Wednesday second quarter {{erl-670||earnings that beat analysts' forecasts and revenue that topped expectations. Kering announced earnings...
By Peter Nurse Investing.com -- European stock markets traded sharply lower Friday, with investors fretting about the likelihood of slowing economic growth on the back of aggressive...
By Dhirendra Tripathi Investing.com – Stocks of European retailers such as LVMH (PA:LVMH), Kering (PA:PRTP), H&M (ST:HMb), Moncler (MI:MONC) and Hermès (PA:HRMS) were all down around 4%...
(Bloomberg) -- With sanctions on Russia sending the ruble plunging and keeping stock markets shuttered, the country’s wealthy are turning to luxury jewelery and watches in a bid to preserve...
By Dhirendra Tripathi Investing.com – Hermes stock (PA:HRMS) fell 4% in Paris trading Friday after the company’s self-imposed production caps limited its capacity to capture the waiting...
By Peter Nurse Investing.com - European stock markets edged higher Friday with investors digesting the news that Russia and the U.S. are set to meet next week, raising hopes that there can...
Investing.com - Kering (PA:PRTP) reported on Thursday fourth quarter {{erl-670||earnings that beat analysts' forecasts and revenue that topped expectations. Kering announced earnings per...
By Sruthi Shankar and Susan Mathew (Reuters) - European stocks marked their best showing since July on Thursday, as easing oil and gas prices offered relief to investors worried about...
By Sruthi Shankar and Shreyashi Sanyal (Reuters) -European shares slipped on Wednesday as utilities fell on Spain's move to cap energy bills, while luxury stocks continued to weaken on...
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