CFRUY COMPAGNE FIN ADR
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COMPAGNE FIN ADR News
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
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
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
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
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.
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
European Luxury Stocks Fall After Gucci Owner Kering Warns of Sales Drop
Shares in European luxury stocks fell after Kering warned that first-quarter sales were expected to decline due to a steep sales drop at Gucci, raising concerns about demand in Asia-Pacific.
Demand for Luxury Watches Expected to Further Normalize -- Market Talk
1122 GMT - Demand for luxury timepieces could continue to normalize after an impressive performance over the past two to three years, Bernstein analysts write in a research note. "The situation seems
Declining Swiss Watch Exports Could Cast Clouds for Richemont, Swatch -- Market Talk
0820 GMT - Swiss watch exports fell in February, which could be a negative read-across for hard luxury stocks including Richemont and Swatch Group, RBC Capital Markets analyst Piral Dadhania writes in
Compagnie Financière Richemont SA's (VTX:CFR) Stock Is Going Strong: Is the Market Following Fundamentals?
The European stock market rose for four consecutive months, and the US PCE data reassured the market
European stocks were higher on the last day of the month. The inflation data previously released by the US reassured the market and maintained hopes of cutting interest rates. The Stoxx Europe 600 Index rose 0.2% on Thursday, extending the February gain to 1.8%. This is the fourth month in a row that the index has risen, and it is also the longest continuous increase since 2021. The Federal Reserve's favorite inflation indicator, the core personal consumption expenditure index, rose 2.8% in January, in line with expectations. On Wednesday, New York Federal Reserve Governor John Williams sought to ease the market's interest rate cut expectations. He said there is still a long way to go to achieve the 2% inflation target. Natixis
Swatch Might Face Another Challenging Year Due to Uncertainties in China -- Market Talk
1234 GMT - Swatch's softer-than-expected recovery in China could continue to weigh on its results, AlphaValue analyst Jie Zhang writes in a research note. The Swiss watchmaker, as well as other names
Swiss Watch Exports Follow Slowdown Trend in Luxury Sector -- Market Talk
1107 GMT - Exports of Swiss watches in January grew on year, but showed continued normalization trends, in line with the overall picture of the luxury industry, Bernstein analysts write in a research
LVMH, Richemont Results Offer Hope But Luxury Demand Could Stay Low -- Market Talk
1549 GMT - Both LVMH and Richemont posted results that gave some relief to investors in a context of normalizing sales-growth trends in luxury companies, Barclays analysts Carole Madjo and Wendy Liu s
First Cohort Graduates From Richemont Mustaqbalkom Trainee Programme in the United Arab Emirates
First Cohort Graduates from Richemont Mustaqbalkom Trainee Programme in the United Arab Emirates 12 FEB 2024 Celebrating its commitment to fostering local talent, Richemont is proud to announ
Buccellati Names Nicolas Luchsinger as Next CEO
Buccellati names Nicolas Luchsinger as next CEO 08 FEB 2024 Starting from April 2nd, 2024, Nicolas Luchsinger will be appointed as CEO of Maison Buccellati. Nicolas, currently President Asia
Van Cleef & Arpels Presents Seven Creations at the Fine Art and Antique Fair, TEFAF 2024
Van Cleef & Arpels presents seven creations at the Fine Art and Antique Fair, TEFAF 2024 08 FEB 2024 Bracelet, 1968: Yellow gold, turquoise, amethysts, diamonds Heritage collection Van Cleef
Heard on the Street: Louis Vuitton's Owner Calms Jittery Investors -- WSJ
By Carol Ryan With a 12% jump ( in European morning trading, Louis Vuitton's owner is on track for its best day on its home stock market in almost 15 years. It shows just how fearful luxury investors
Chinese Customers Continue to Cut Luxury Spending -- Market Talk
1458 GMT - Chinese consumers continue to reduce spending on luxury goods, as they are more concerned about the economic environment, Barclays analysts say citing a survey in partnership with Vogue Bus
Richemont Seen Helped Through Luxury Slowdown by Jewelry Brands -- Market Talk
1355 GMT - Richemont reported a more resilient than expected third-quarter print amid a challenging environment for peers in the luxury sector, Deutsche Bank analysts Matt Garland and Shwetha Ramachan
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