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Reuters - Hace 1 día

UK luxury brand Burberry gets new boss to revive revamp

UPDATE 4-UK luxury brand Burberry gets new boss to revive revamp Q1 sales down 21% Warns on first half and full-year profit Former Michael Kors boss to lead turnaround CEO Akeroyd leaves with immediate effect Shares sink 17% to levels last seen in 2010 Recasts with chair comments, updates share move By Sarah Young LONDON, July 15 (Reuters) - British luxury group Burberry BRBY.L on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a "more familiar" l
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Reuters - Hace 6 días

Morgan Stanley cuts Hugo Boss to 'equal-weight' on subdued demand backdrop

BUZZ-Morgan Stanley cuts Hugo Boss to 'equal-weight' on subdued demand backdrop ** Morgan Stanley cuts German fashion house Hugo Boss BOSSn.DE to "equal-weight" from "overweight", citing demand backdrop to remain subdued ** MS does not expect Hugo Boss to be immune as it expects the difficult demand backdrop to weigh on the company's B&M retail sal
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Reuters - Hace 2 semanas

Bechtle AG, Centrica, Clariant AG

EUROPE RESEARCH ROUNDUP-Bechtle AG, Centrica, Clariant AG July 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bechtle AG, Centrica and Clariant AG, on Monday. HIGHLIGHTS * Akzo Nobel NV AKZO.AS : Goldman Sachs cuts to sell from neutral * Bechtle AG BC8G.DE : Exane BNP Paribas cuts to underperform from neutral * Centrica CNA.L : Berenberg raises to buy from hold * Clariant AG CLN.S : Goldman Sachs raises to buy from neutral * Fin
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Reuters - Hace 3 semanas

Admiral, Cucinelli, URW

EUROPE RESEARCH ROUNDUP-Admiral, Cucinelli, URW June 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral, Cucinelli and URW, on Thursday. HIGHLIGHTS * Admiral ADML.L : BofA Global Research raises to buy from neutral * Adriatic Metals Plc ADT1.L : Berenberg raises to buy from hold * Anglo American AAL.L : Berenberg cuts to sell from hold * Cucinelli BCU.MI : Stifel raises to buy from hold * URW URW.PA : JP Morgan raises to ne
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Reuters - Hace 3 semanas

LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports

UPDATE 1-LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports Adds further comment from analysts ZURICH, June 25 (Reuters) - French billionaire Bernard Arnault, Europe's richest man and the chairman of high fashion to champagne group LVMH LVMH.PA , has bought a stake in smaller luxury rival Richemont CFR.S , Bloomberg reported on Tuesday.
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Reuters - Hace 3 semanas

LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports

LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports ZURICH, June 25 (Reuters) - French billionaire Bernard Arnault, Europe's richest man and the chairman of high fashion to champagne group LVMH LVMH.PA , has bought a stake in smaller luxury rival Richemont CFR.S , Bloomberg reported on Tuesday. The exact size of the shareholding in the owner of Cartier jewellery and Arnault's intentions are unclear, the report said.
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Reuters - Hace 3 semanas

Hermes shows breezy summer styles for men on Paris runway

Hermes shows breezy summer styles for men on Paris runway By Mimosa Spencer PARIS, June 22 (Reuters) - With pleated Bermuda shorts, muted pastels and cinched parkas, French label Hermes HRMS.PA presented a breezy summer 2025 collection at Paris Men's Fashion Week that was marked by light, natural materials. There were few patterns on display as models wearing leather sandals with criss-crossed straps strode down the runway in short-sleeved overshirts, light-weight jackets and tailored trousers m
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Reuters - Hace 4 semanas

China's rich ditch flashy luxury as global sales stall, says Bain

UPDATE 1-China's rich ditch flashy luxury as global sales stall, says Bain Adds Beiersdorf comment in paragraph 8 By Mimosa Spencer and Elisa Anzolin PARIS/MILAN, June 18 (Reuters) - China's richest people are avoiding flaunting their wealth in favour of more discreet fashion, according to a report published on Tuesday by Bain consultancy that predicted the weakest global luxury market since the height of the pandemic.
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Reuters - Hace 4 semanas

China's rich ditch flashy luxury as global sales stall, says Bain

China's rich ditch flashy luxury as global sales stall, says Bain By Mimosa Spencer and Elisa Anzolin PARIS/MILAN, June 18 (Reuters) - China's richest people are avoiding flaunting their wealth in favour of more discreet fashion, according to a report published on Tuesday by Bain consultancy that predicted the weakest global luxury market since the height of the pandemic.
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Reuters - Hace 4 semanas

Ooh la la! London stocks snap at Paris' heels

LIVE MARKETS-Ooh la la! London stocks snap at Paris' heels STOXX 600 down 0.1% French politics weigh Sampo bids for Topdanmark Wall St futures steady 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 OOH LA LA! LONDON STOCKS SNAP AT PARIS' HEELS London is coming closer to knocking Paris off the top spot in terms of size of European stock markets, as the sell-off in French stocks ha
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Reuters - Hace 1 mes

Credit Agricole, Hermes, Whitbread

EUROPE RESEARCH ROUNDUP-Credit Agricole, Hermes, Whitbread June 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Credit Agricole, Hermes and Whitbread, on Wednesday. HIGHLIGHTS * Credit Agricole CAGR.PA : Jefferies raises to buy from hold * Flutter Entertainment Plc FLTRF.L : JP Morgan cuts target price to 20,700p from 21,300p * Hermes HRMS.PA : Barclays cuts target price to EUR 2320 from EUR 2410 * Renew Holdings Plc RNWH.L : Ber
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Reuters - Hace 1 mes

Who's most exposed to France?

CORRECTED-LIVE MARKETS-Who's most exposed to France? Corrects company name to SIG, fixes RIC in para 10 STOXX 600 down 0.8% CAC 40 roiled by Macron election call Wall St futures inch lower 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 WHO'S MOST EXPOSED TO FRANCE?
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Reuters - Hace 1 mes

Paris Olympics: a "small negative" for luxury

LIVE MARKETS-Paris Olympics: a "small negative" for luxury STOXX 600 up 0.6% Traders await ECB policy meeting Tech names continue ascent, up 2% Utilities worst off 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 PARIS OLYMPICS: A "SMALL NEGATIVE" FOR LUXURY With the reporting season out of the way, the focus has now shifted to what's ahead in the coming months.
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Reuters - Hace 1 mes

Chanel's creative director Virginie Viard to leave brand

UPDATE 2-Chanel's creative director Virginie Viard to leave brand Adds further details and financial details in paragraphs 5, 9 and 11 By Mimosa Spencer June 5 (Reuters) - Chanel artistic director Virginie Viard is leaving the label, the luxury brand said on Thursday, kicking off speculation over who will replace her in one of the fashion industry's most coveted positions.
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Reuters - Hace 2 meses

Birkin bag shoppers suing Hermes expand their antitrust case

Birkin bag shoppers suing Hermes expand their antitrust case By Mike Scarcella May 31 (Reuters) - U.S. consumers suing French luxury house Hermes HRMS.PA have broadened their lawsuit accusing the company of forcing buyers to spend thousands of dollars on other products before they can purchase one of the company’s famed Birkin bags. Another California resident joined the lawsuit in San Francisco federal court on Thursday, becoming the third named plaintiff in the proposed class action that was
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Reuters - Hace 2 meses

Bernstein lowers luxury sector growth estimate for 2024, upgrades Hermes

BUZZ-Bernstein lowers luxury sector growth estimate for 2024, upgrades Hermes ** Bernstein lowers its growth expectations for the luxury sector in 2024, as it notes the slow start to 2024, adding reacceleration will depend on recovery in China ** The broker now expects the market to grow 6% in the year against 7% seen earlier ** It cites risks from the China consuming confidence that is "bumping along the bottom" after it dropped around 26% in April 2022 and subsequently flattened ** It also not
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Reuters - Hace 2 meses

Argenx, Hermes, National Grid

EUROPE RESEARCH ROUNDUP- Argenx, Hermes, National Grid May 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Argenx, Hermes and National Grid, on Tuesday. HIGHLIGHTS * Argenx ARGX.BR : Barclays raises target price to EUR 375 from EUR 360 * Endomines Finland Oyj PAMPALO.HE : Evli Research raises to hold from sell * Hermes HRMS.PA : Bernstein raises to outperform from market perform * National Grid Plc NG.L : RBC cuts target price t
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Reuters - Hace 2 meses

Chanel to open more stores in China even as growth shifts abroad

UPDATE 1-Chanel to open more stores in China even as growth shifts abroad Adds more comments, background By Mimosa Spencer PARIS, May 21 (Reuters) - Chanel plans to invest in opening more stores in mainland China despite a shift in spending by Chinese shoppers to other markets as they resume travelling, the French label said on Tuesday. "The ability to scale is really important," said Leena Nair, chief executive of the privately-owned label, known for its tweed suits, quilted handbags and No.
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Reuters - Hace 2 meses

Canada Goose beats estimates as North America recovers, shares surge

UPDATE 4-Canada Goose beats estimates as North America recovers, shares surge Adds details from conference call in paragraphs 3 and 6 By Granth Vanaik May 16 (Reuters) - Canada Goose GOOS.TO beat Wall Street estimates for fourth-quarter revenue and profit on Thursday, riding on a rebound in North America and steady demand in China for its pricey puffer jackets, sending its U.S.-listed shares up more than 24%.
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Reuters - Hace 2 meses

Burberry looks to classics after Lee's designs struggle to excite

UPDATE 3-Burberry looks to classics after Lee's designs struggle to excite Q4 like-for-like sales slump 12%, China down 19% Annual operating profit falls 34% Groups says it will focus on British classic Writes throughout with detail on company's plans to focus on classics, CEO and analyst quotes By Suban Abdulla and Paul Sandle LONDON, May 15 (Reuters) - Burberry BRBY.L said on Wednesday it would increase its focus on classic designs like trench coats after a sharp fall in sales in the fourth qu
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