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HugoBoss


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Time to go idiosyncratic on luxury - BofA

LIVE MARKETS-Time to go idiosyncratic on luxury - BofA STOXX 600 down 0.2% Oil stocks rally, Brent up $2 Airlines fall, defence rises Wall Street futures down Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com TIME TO GO IDIOSYNCRATIC ON LUXURY - BofA Luxury names have rallied across the board on hopes for China stimulus, but it's time to start getting more specific, at least accord
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ASM International, Burberry, LVMH

EUROPE RESEARCH ROUNDUP-ASM International, Burberry, LVMH Oct 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASM International, Burberry and LVMH on Tuesday. HIGHLIGHTS * ASM International ASMI.AS : Stifel cuts target price to EUR 740 from EUR 800 * Burberry Group BRBY.L : HSBC raises target price to 770p from 690p * Carlsberg CARLb.CO : Jefferies cuts target price to DKK 1,000 from DKK 1,100 * LVMH LVMH.PA : HSBC raises target p
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Adidas, Harbour Energy, LSE

EUROPE RESEARCH ROUNDUP-Adidas, Harbour Energy, LSE Sept 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, Harbour Energy and LSE, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baird raises target price to EUR 260 from EUR 255 * Diploma Plc DPLM.L : Peel Hunt raises PT to 5,100p from 3,600p * Harbour Energy Plc HBR.L : Jefferies cuts target price to 360p from 400p * LSE LSEG.L : JP Morgan raises target price to 11,600p from
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Europe's STOXX 600 at all-time high as China-exposed firms revel in stimulus boost

UPDATE 2-Europe's STOXX 600 at all-time high as China-exposed firms revel in stimulus boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 up 0.5% to round out best week since August Italy's Moncler surges after LVMH buys stake Denmark's Novo Nordisk falls as JPM predicts soft Q3 results Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan Sept 27 (Reuters) - Europe's STOXX 600 share index closed at a record high on Frid
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STOXX 600 hits record high on China-driven rally, set for weekly gains

STOXX 600 hits record high on China-driven rally, set for weekly gains For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Sept 27 (Reuters) - European shares touched a record high on Friday, driven by a persistent rally in China-exposed stocks on news of massive economic stimulus from Beijing, while gains in Moncler and luxury stocks also supported the index.
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Puma appoints Markus Neubrand as new CFO, shares rise

UPDATE 1-Puma appoints Markus Neubrand as new CFO, shares rise Recasts lede, updates share move, adds analyst comment Sept 26 (Reuters) - Shares in Puma PUMG.DE rose almost 4 % on Thursday after the German sportswear maker appointed Markus Neubrand as its new chief financial officer and a member of the Management Board effective Oct. 1. "Apparently the market gives advance praise", said Alexander Zienkowicz, an analyst from mwb research AG.
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BP, Essentra, OMV

EUROPE RESEARCH ROUNDUP- BP, Essentra, OMV Sept 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including BP Plc, Essentra Plc and OMV on Tuesday. HIGHLIGHTS * BP Plc BP.L : Jefferies cuts target price to 540p from 590p * Essentra Plc ESNT.L : Berenberg cuts target price to 200p from 255p * Energean Plc ENOG.L : Morgan Stanley cuts to equal weight from overweight * OMV AG OMVV.VI : JP Morgan raises to overweight from neutral * Saab AB SAAB
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European luxury stocks slip after BofA sees lower growth for 'shopped out' sector

BUZZ-European luxury stocks slip after BofA sees lower growth for 'shopped out' sector ** Shares in luxury stocks slip on Monday after BofA Global Research lowered its estimates and cut its ratings and PTs on four companies ** "The luxury consumer is all shopped out," BofA says ** It sees muted revenue growth for the sector through 2025, saying that demand from China, which was the only driver of revenue growth in the first quarter, has recently deteriorated ** BofA expects sector revenue to be
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Anglo American, Mercedes-Benz, Next

EUROPE RESEARCH ROUNDUP- Anglo American, Mercedes-Benz, Next Sept 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Anglo American, Mercedes-Benz and Next, on Monday. HIGHLIGHTS * Anglo American AAL.L : JP Morgan cuts target price to 2,305p from 2,440p * Mercedes-Benz Group AG MBGn.DE : Jefferies cuts target price to EUR 75 from EUR 90 * Next Plc NXT.L : JP Morgan raises target price to 10,500p from 9,900p * Porsche AG P911_p.DE :
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds Unilever Sept 5 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault RENA
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Carnival, Kingfisher, Unite Group

EUROPE RESEARCH ROUNDUP-Carnival, Kingfisher, Unite Group Sept 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Carnival, Kingfisher and Unite Group on Monday. HIGHLIGHTS * Believe SA BLV.PA : Citigroup resumes coverage with neutral rating; PT EUR 15 * Carnival CCL.L : HSBC raises target price to 960p from 895p * Derwent London DLN.L : Morgan Stanley raises target price to 3000p from 2750p * Kingfisher Plc KGF.L : Barclays cuts to
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Hugo Boss shareholder Frasers files request to buy more shares

Hugo Boss shareholder Frasers files request to buy more shares DUESSELDORF, Aug 23 (Reuters) - Hugo Boss' BOSSn.DE second-biggest shareholder, British sports and fashion retailer Frasers FRAS.L , has filed a request to acquire more shares in the German company, according to a filing with the German competition authority seen by Reuters on Friday. A spokesperson for the Bundeskartellamt authority did not provide any information regarding the amount of shares that Frasers intends to buy.
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From tech to banks, five lessons from Europe's Q2 earnings season

GRAPHIC-From tech to banks, five lessons from Europe's Q2 earnings season By Samuel Indyk and Lucy Raitano LONDON, Aug 16 (Reuters) - European companies likely grew earnings for the first time in five quarters, but concerns about the strength of the consumer and the economic outlook have cast a pall over the second-quarter earnings season. According to LSEG I/B/E/S data, Q2 earnings are expected to have increased 4.3% from the same period last year, the first quarterly rise since the first three
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Investors feel the pinch of thriftier consumers on company profits

ANALYSIS-Investors feel the pinch of thriftier consumers on company profits By Danilo Masoni MILAN, Aug 8 (Reuters) - Investors in large consumer-goods companies are having to up their stock-picking game, as a post-pandemic spending splurge dries up and increasingly price-sensitive shoppers start to erode corporate pricing power. Profit warnings in sectors ranging from luxury to food and airlines have fed into worries about a slowdown in the United States and other major economies.
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Ralph Lauren beats profit estimates on stable demand in Europe, China

UPDATE 3-Ralph Lauren beats profit estimates on stable demand in Europe, China Adds CFO comment in paragraph 3, analyst comment in paragraph 6 By Savyata Mishra Aug 7 (Reuters) - Ralph Lauren RL.N beat first-quarter profit estimates on Wednesday as steady demand for its pricey denims and polo shirts in Europe and China offset slower sales in the U.S.
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds HSBC, Danone, Hugo Boss, updates Yandex Aug 6 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Cap
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Hugo Boss sells Russian business to wholesale partner Stockmann

Hugo Boss sells Russian business to wholesale partner Stockmann Aug 5 (Reuters) - Hugo Boss BOSSn.DE has sold its Russian business to wholesale partner Stockmann for an undisclosed fee, the German fashion house said on Monday, joining the ranks of Western brands to exit the Russian market over the war in Ukraine. The German fashion company suspended its retail business in Russia soon after Moscow invaded Ukraine in February 2022. It also paused its e-commerce activities in the Russian market and
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China's stuttering recovery darkens global corporate growth outlook

ANALYSIS-China's stuttering recovery darkens global corporate growth outlook By Medha Singh Aug 2 (Reuters) - Global burger chains to car manufacturers are increasingly feeling the pinch from a faltering recovery in the world's No. 2 economy , China, and are strapping in for a bumpy ride ahead. A protracted downturn in the property market and high levels of job insecurity have knocked the wind out of a fragile recovery in China, a global trading powerhouse, and the effects of its slowdown can be
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Canada Goose bucks luxury slowdown in China, tops quarterly estimates

UPDATE 4-Canada Goose bucks luxury slowdown in China, tops quarterly estimates Adds investor comment in paragraph 8 and updates shares in paragraph 5 By Ananya Mariam Rajesh Aug 1 (Reuters) - Canada Goose GOOS.TO , GOOS.N beat Wall Street estimates for quarterly revenue on Thursday, benefiting from steady consumer demand in China for its puffer jackets and sweats, bucking an industry-wide slowdown seen by luxury players in the region.
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Hugo Boss to focus on cost control after Q2 earnings slump

UPDATE 2-Hugo Boss to focus on cost control after Q2 earnings slump Confirms the preannounced 42% drop in Q2 operating profit Says it is implementing several cost saving measures Shares up 3.7% as market welcomes focus on cost control Writes through with CEO quotes, share reaction and analyst comments By Ozan Ergenay and Tristan Veyet Aug 1 (Reuters) - Hugo Boss BOSSn.DE confirmed the expected 42% drop in its second-quarter operating profit on Thursday, and said it was focusing on cost savings t
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