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Reuters - 1 week ago

LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim

RPT-EXCLUSIVE-LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim RPT of story published Aug 6 By Helen Reid, Mimosa Spencer PARIS, Aug 6 (Reuters) - LVMH's second-largest fashion brand Dior was until last month behind on disclosures required by UK law about working conditions in its supply chain, and made outdated statements on its website of a third-party certification that it terminated more than a year ago, Reuters has found.
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Reuters - 1 week ago

LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim

RPT-EXCLUSIVE-LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim RPT of story published Aug 6 By Helen Reid, Mimosa Spencer PARIS, Aug 6 (Reuters) - LVMH's second-largest fashion brand Dior was until last month behind on disclosures required by UK law about working conditions in its supply chain, and made outdated statements on its website of a third-party certification that it terminated more than a year ago, Reuters has found.
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Reuters - 1 week ago

LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim

EXCLUSIVE-LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim By Helen Reid and Mimosa Spencer PARIS, Aug 6 (Reuters) - LVMH's second-largest fashion brand Dior was until last month behind on disclosures required by UK law about working conditions in its supply chain, and made outdated statements on its website of a third-party certification that it terminated more than a year ago, Reuters has found.
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Reuters - 3 weeks ago

European shares end lower as earnings whirlwind disappoints

UPDATE 2-European shares end lower as earnings whirlwind disappoints For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window LVMH Q2 sales miss estimates, shares fall Deutsche Bank down after reporting first loss in 4 years Euro zone HCOB's PMI drops to 50.1 STOXX 600 down 0.6% Updated at 1600 GMT By Pranav Kashyap, Shristi Achar A and Shashwat Chauhan July 24 (Reuters) - European shares closed lower on Wednesday, dampened by luxury stocks after
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Reuters - 3 weeks ago

Luxury stocks sell off again as LVMH posts below-bar Q2 earnings

BUZZ-Luxury stocks sell off again as LVMH posts below-bar Q2 earnings Recasts with sector performance, adds peers, milestones, updates shares ** Expectations-missing Q2 results from luxury giant LVMH, a bellwether for the sector, weigh on peers , already under pressure after weak Burberry and Richemont prints ** LVMH results confirm "even best-in-c
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Reuters - 3 weeks ago

LVMH sales miss estimates as Chinese market slows

UPDATE 3-LVMH sales miss estimates as Chinese market slows Rewrites paragraph 1, adds details in 3-4, analysts quote in 6-8, and CFO quotes in 12-13 By Mimosa Spencer PARIS, July 23 (Reuters) - LVMH LVMH.PA sales growth slowed in the second quarter as Chinese shoppers reined in spending on high-end fashion at home, even as demand in Western markets slightly picked up.
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Reuters - 3 weeks ago

Some investors demand change at LVMH after probe into Dior contractors

RPT-EXCLUSIVE-Some investors demand change at LVMH after probe into Dior contractors Repeats the story first published on Tuesday, July 23 with a digital headline By Helen Reid, Mimosa Spencer LONDON/PARIS July 23 (Reuters) - Europe's top asset manager Amundi and other LVMH LVMH.PA investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive steps to monitor its suppliers' treatment of workers after Italian prosecutors disclosed alleged sweats
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Reuters - 3 weeks ago

Some investors demand change at LVMH after probe into Dior contractors

EXCLUSIVE-Some investors demand change at LVMH after probe into Dior contractors By Helen Reid and Mimosa Spencer LONDON/PARIS July 23 (Reuters) - Europe's top asset manager Amundi and other LVMH LVMH.PA investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive steps to monitor its suppliers' treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior, three investors
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Reuters - 4 weeks ago

Financial Times - July 18

PRESS DIGEST-Financial Times - July 18 July 18 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK government sets out 40 bills in King's Speech for 'decade of national renewal' - Nationwide's planned 2.9-bln-pound Virgin Money takeover boosted by support at AGM - Italy's competition watchdog probes Armani and Dior over alleged labour exploitation - Amazon beats back union bid for UK re
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Reuters - 4 weeks ago

Dior says collaborating with authorities after Italian antitrust probe

Dior says collaborating with authorities after Italian antitrust probe MILAN, July 17 (Reuters) - Dior is collaborating with Italian authorities and strengthening its checks on its suppliers, the company said on Wednesday, after the Italian competition watchdog said it was probing the luxury group for allegedly misleading consumers over its social commitment and craftsmanship.
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Reuters - 4 weeks ago

Armani confident of 'positive solution' to Italian antitrust probe

Armani confident of 'positive solution' to Italian antitrust probe MILAN, July 17 (Reuters) - Italy's Armani Group on Wednesday expressed confidence in "a positive solution" after the country's competition watchdog said it was probing the luxury group for allegedly misleading consumers over its social commitment and craftsmanship. The antitrust authority's investigation follows a probe by Milan prosecutors into suppliers of the Armani Group which are accused of having exploited workers to produc
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Reuters - 4 weeks ago

Italy antitrust targets Armani, Dior after worker exploitation probes

UPDATE 4-Italy antitrust targets Armani, Dior after worker exploitation probes Antitrust probe follows judicial inquiries Social responsibility claims may be untrue, says antitrust body Consumers possibly misled also over craftsmanship Adds examples of marketing messages from Armani and Dior, Dior comment in paragraphs 5-6 By Alvise Armellini and Alessandro Parodi ROME, July 17 (Reuters) - Italy's competition authority is investigating whether luxury brands Armani and Dior DIOR.PA had misled con
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Reuters - 4 weeks ago

Italy's antitrust opens probe on Armani, Dior over alleged exploitation of workers

REFILE-Italy's antitrust opens probe on Armani, Dior over alleged exploitation of workers Adds missing slug July 17 (Reuters) - Italy's competition authority (AGCM) said on Wednesday it had started an investigation into fashion groups Armani and Dior DIOR.PA over the alleged exploitation of workers at its suppliers. Reporting by Alessandro Parodi,
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Reuters - 4 weeks ago

Burberry faces a lengthy stay in the bargain bin

BREAKINGVIEWS-Burberry faces a lengthy stay in the bargain bin The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Aimee Donnellan LONDON, July 15 (Reuters Breakingviews) - Retailers typically get rid of excess stock by throwing it in the bargain bin. After issuing another profit warning , suspending its dividend and replacing its CEO, that may also be 2.7 billion pound ($3.4 billion) Burberry’s BRBY.L fate for the foreseeable future.
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Reuters - 2 months ago

Paris' La Defense seeks revival with smaller, greener offices

FOCUS-Paris' La Defense seeks revival with smaller, greener offices By Mathieu Rosemain PARIS, June 28 (Reuters) - Paris's La Defense business district is betting that modernising more than 300,000 square metres (3.2 million sq. ft) of offices into greener and more flexible work space will lure back companies and ease record high vacancy rates. With brutalist architecture and modern skyscrapers dominating the skyline to the west of the Arc de Triomphe, La Defense is considered Europe's largest p
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Reuters - 2 months ago

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 - 2 months ago

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 - 2 months ago

Chanel takes haute couture fashion to Paris Opera house

Chanel takes haute couture fashion to Paris Opera house By Mimosa Spencer PARIS, June 25 (Reuters) - Chanel held its haute couture show at the Paris Palais Garnier Opera house on Tuesday, displaying a lineup of sparkly evening wear that ranged from trim, embellished tweed ensembles to voluminous, silk taffeta capes. Models emerged from the tiny doors of the historic building's private boxes and marched down the corridors, where the audience was seated on plush, red chairs under a low, mirrored c
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Reuters - 2 months ago

Dior nods to sports with jersey fabrics in Paris haute couture show

Dior nods to sports with jersey fabrics in Paris haute couture show By Mimosa Spencer PARIS, June 24 (Reuters) - Christian Dior designer Maria Grazia Chiuri nodded to sports with an haute couture runway show in Paris on Monday that featured jersey fabrics worked into draped, asymmetric gowns. Models in flat, gladiator sandals marched past colourful mosaics -- towering portraits of athletes in action, drawn from artwork by American artist Faith Ringgold -- and paraded flowing dresses, racer-backe
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Reuters - 2 months ago

French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch June 11 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. ATOS ATOS.PA : Picked Layani's consortium as its preferred financial restructuring proposal. LVMH LVMH.PA An Italian subsidiary of French luxury giant LVMH that makes Dior-branded handbags was placed under court administration on Monday, after a probe alleged it had sub-contracted work to Chinese
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