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HERMES KERING RICHEMONT
LVMH's weak China sales raise fresh concerns over global luxury market recoveryLVMH's quarterly report indicated a 5% decline in fashion and leather goods sales due to weak demand. The company's overall organic sales g...- Cartier-owner Richemont's sales beat boosts luxury sector as jewellery shinesThe latest sales report from Richemont reveals a strong performance, outpacing forecasts with a twenty percent rise in sales in constant cu...
- From space rocks to smartwatches, AI millionaires rewrite the luxury playbookNewly minted millionaires from tech IPOs are spending fortunes on unique items. These individuals are buying meteorites and fire trucks, di...
- LVMH spurs $80 billion luxury rally as China picture brightensLVMH shares saw their biggest gain in over two decades. This surge followed positive signs of demand in China. The luxury sector experience...
- A luxury experience in China: Global high-end brands bet on conceptual stores to revive salesLouis Vuitton has opened a ship-shaped store in Shanghai. It aims to boost sales amid a luxury spending slowdown in China. Brands are focus...
- European shares set for eighth weekly gain; Hermes jumps after strong earningsEuropean shares took a breather on Friday and were on track for their eighth straight week of gains, while luxury stocks jumped after robus...
- Ahead of Market: 10 things that will decide stock market action on TuesdayIndia's benchmark indices fell sharply, with Sensex down 1.59% and Nifty 1.62%, driven by broad-based selling and cautious investor sentime...
- Global Stock Managers on Guard as China Pain Set to SpreadThe mounting worries have sent equity benchmarks in Hong Kong and China to their lowest levels since November, with the Hang Seng Index ent...
- With giant mall, Reliance sets sights on next gold rushThe hefty investment by Reliance, with a market value of $238 billion, shows the drive of Ambani's family to expand in luxury - especially ...
- Five Indian brands in top 100 global powers of luxury goods listFour other homegrown brands, Kalyan Jewellers, Joyalukkas, PC Jewellers, and Tribhovandas Bhimji Zaveri Ltd, have been ranked 37th, 46th, 5...
- German shares slump 2%, European index hits two-month lowsThe pan-European STOXX 600 index was down 1.5% by 0745 GMT, with mining stocks plunging 3.2% on a slide in commodities prices.
- Sustainable fashion, no more: Big brands like Hermès, LVMH fail to meet green targetsThe fashion industry is responsible for at least 4% of global greenhouse gas emissions.
- Wealthy shoppers buy less, but better: Hermes becomes the most-preferred, chic choice for luxury purchasesConsumers want tried and tested styles like a Hermes Birkin bag or a Moncler puffer jacket.
- The future of luxe: Health to become ultimate luxury, a new era of frenzy in M&A to dominate coming yearsBy 2030, Erwan Rambourg expects LVMH to hold 90 to 100 brands, up from 76 today.
- Luxury stocks sparkle in tepid European trading as US-China trade talks loomBritain's FTSE 100 jumped 0.9 per cent thanks to a weaker pound boosting London-listed multinational exporters.
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