No Data
No Data
No Data
No Data
No Data
Turnaround Stories in Luxury Face Higher Risks Amid Sales Slowdown -- Market Talk
0950 GMT - Luxury companies in the midst of a turnaround process face higher risks than other peers in the sector, given the context of sluggish demand for the first half of the year, Stifel analysts
WSJApr 23 05:51 ET
Swiss Watch Exports Fall, But Premium Segment Could Continue to Outperform -- Market Talk
0920 GMT - Swiss watch exports continued to deteriorate in March, in line with cautious expectations for 2024, Citi analysts Thomas Chauvet and Lorenzo Bracco say. Total exports fell around 16% compar
WSJApr 18 05:22 ET
European stock markets rose LVMH and Adidas helped offset the impact of falling tech stocks
The European stock market closed slightly higher on Wednesday. LVMH's performance figures are reassuring. Adidas soared, driven by profit expectations, offsetting the sharp decline in technology stocks. The Stoxx Europe 600 Index recovered earlier gains and closed up 0.2%. Luxury stocks such as Hermès, Burberry, and Richemont Group rose. Previously, LVMH's profit figures allayed concerns about demand for luxury goods. Asos Plc surged, and the online fashion retailer expects its profits to grow in the next fiscal year. Technology stocks fell 2.6%. The order data previously released by Asmack Holdings fell short of expectations, dragging down ASM Int
環球市場播報Apr 17 14:55 ET
Luxury Sector Investors Need Patience -- Market Talk
1221 GMT - Luxury goods companies face diverging trends in the upcoming earnings season, as most names in the sector grapple with a challenging environment, Stifel analysts write in a research note. A
WSJApr 10 08:21 ET
Gucci's New Look Falls Flat as Slowdown Shaves Kering Profit
Gucci's revamped image was unveiled less than six months ago and already looks a bit frayed. Shares in the luxury brands Paris-listed owner Kering closed down nearly 12%, their biggest one-day fall since March 2020, after the company warned that Gucci's first-quarter sales would be 20% lower than the same period of 2023.
WSJMar 20 15:38 ET · Earnings
Heard on the Street: Gucci's New Look Falls Flat -- WSJ
By Carol Ryan Guccis revamped image was unveiled less than six months ago and already looks a bit frayed. Shares in the luxury brands Paris-listed owner Kering dropped 14% Wednesday morning, the sto
WSJMar 20 07:00 ET
No Data
No Data