Birkin bag maker Hermes end of year sales jump
PARIS (Reuters) -French luxury group Hermes reported an 18% rise in fourth quarter sales on Friday, showing robust appetite ...
Birkin bag maker Hermes extends lead over rivals with end-of-year sales surge
French luxury group Hermes reported fourth-quarter results well above analyst expectations on Friday, showing robust appetite ...
3 Reasons Why Kering Can Outperform Following 2024 Collapse
Kering's challenging performance is driven by economic pressures. Read why PPRUF stock may recover, supported by strong ...
China’s wealthy shoppers have a new mentality—and it’s terrible news for luxury brands like LVMH and Kering who bet billions on their loyalty
After luxury companies invested billions in China’s market, the country’s consumers turned to new pricey purchases.
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Europe stocks close higher after hotter-than-expected U.S. inflation print; Heineken up 14%
European markets closed slightly higher on Wednesday as global markets assessed the latest inflation reading out of the U.S.
As China dims, India begins to shine in this sector
India has become the largest single market for Swiss watchmaker Rado, overtaking China amid a luxury bust in the latter. With robust growth in premium sectors, India is filling the gap left by China ...
Gucci Owner Kering Posts Revenue Slump Amid Brand Revamp Efforts
The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.
Kering CEO not too concerned about the impact of tariffs as the Gucci owner says moving production to the U.S. ‘makes no sense’
Most of our brands, we're producing in Italy and in France… we're selling a part of our culture," Kering CEO Francois-Henri ...
Kering's CEO says Gucci and other brands will absolutely not shift production to the US to counter Trump's tariffs
He said that it "makes no sense" to shift production out of Europe, as the group's culture and heritage is part of its ...
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Shares in Gucci-owner Kering rise on turnaround hopes
Kering shares were up 2.5% by 0906 GMT. Gucci's fourth quarter sales tumbled 24% from a year earlier, as the label's aesthetic overhaul failed to win new business. Analysts do not expect Gucci to ...
Reuters3d
Gucci sales slump continues as market awaits turnaround
PARIS, Feb 11 (Reuters) - Luxury group Kering (PRTP.PA), opens new tab said its return to growth will take time after its embattled star label Gucci posted another quarter of weak sales and has ...