Video: What Do Louis Vuitton And This Trendy Cannabis Brand Have In Common?
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News highlights: Top company news of the day
The e-commerce company cited inflation for the coming price increases for Prime customers in the U.K., France, Germany, Spain, and Italy.
LVMH sales surge in first half despite sales slowdown in China
French luxury group LVMH (OTCPK:LVMUY) saw 21% organic sales growth in the first half of 2022, overcoming concerns on slow sales in China and inflation. Sales across the business jumped 28% from the f
High-end watch prices are sinking. Does that mean bad times ahead for luxury stocks?
Falling high-end watch prices could point to worrisome prospects for luxury retailers like LVMH (OTCPK:LVMHF) and Richemont (OTCPK:CFRHF) during 2022's second half. According to WatchCharts, resale p
LVMH buys iconic Napa Valley winery Joseph Phelps
LVMH Moet Hennessy (OTCPK:LVMHF) inked a deal to acquire California wine-maker Joseph Phelps Vineyards for an undisclosed amount. The agreement includes the brand, winery and inventory of the Napa Val
Revlon's bankruptcy filing will give it a chance to catch up with Rihanna, the Kardashians and other hot names in beauty
Demand across the beauty category has shown strength despite volatility in other parts of the consumer sector.
LVMH is a ‘structural outperformer’ - Morgan Stanley
LVMH (OTCPK:LVMHF) is a cut above its contemporaries in luxury retail, according to Morgan Stanley. "The desirability of LVMH's key brands remain high," Equity Analyst Edouard Aubin wrote to clients o
Prada downgraded by Goldman Sachs amid waning consumer confidence
A less confident consumer was cause enough for Goldman Sachs to cut forecasts for Prada (OTCPK:PRDSY). The bank indicated that the risk/reward profile of the stock is no longer as attractive as it onc
Retail earnings review: price and trend sensitive consumers post-pandemic
Retail earnings have been incredibly scattershot in May and June, with winners and losers seeing wildly differing share reactions and revealing important insights on specific subsectors. Inventory and
Richemont shares slump to 52-week low on slower-than-expected sales, China impact
Compagnie Financière Richemont SA (OTCPK:CFRHF) shares fell by the largest margin in years after a bearish earnings report on Friday. The Zurich-based Cartier parent cautioned that Chinese demand rema