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

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

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.

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

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.

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.

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

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

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

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.

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

BUZZ-Hugo Boss rises on implementation of cost saving measures ** Shares in Hugo Boss BOSSn.DE rise 4% as the German fashion house says it is focusing on cost saving measures after confirming a 42% drop in Q2 EBIT ** "We have also taken additional measures to enhance efficiency and effectiveness across our business, capitalizing on our robust organ

CORRECTED-UPDATE 1-Hugo Boss confirms 42% drop in Q2 operating profit Corrects headline, paragraphs 1, 4 to say Q2 EBIT figure was confirmed, removes reference LSEG estimates By Ozan Ergenay and Tristan Veyet Aug 1 (Reuters) - Hugo Boss BOSSn.DE confirmed the 42% drop in its second-quarter operating profit on Thursday, two weeks after the German fashion house slashed its annual forecasts and reported preliminary numbers, as economic and geopolitical challenges dampen global consumer demand.

CORRECTED-Hugo Boss confirms 42% drop in Q2 operating profit Corrects headline and text to say Q2 EBIT figure was confirmed, removes reference LSEG estimates Aug 1 (Reuters) - Hugo Boss BOSSn.DE confirmed the 42% drop in its second-quarter operating profit on Thursday, after the German fashion house slashed its annual sales and earnings forecasts last month due to weakening consumer demand.

BRIEF-Hugo Boss FY Sales Growth Of 1% To 4% Expected For 2024 Aug 1 (Reuters) - HUGO BOSS AG BOSSn.DE : FULL-YEAR SALES GROWTH OF 1% TO 4% EXPECTED FOR 2024 INVENTORIES DECREASE BY 7% CURRENCY-ADJUSTED; ACCELERATION OF FREE CASH FLOW GENERATION AMOUNTING TO EUR 143 MILLION IN Q2 Q2 GROSS MARGIN INCREASES BY 50 BASIS POINTS IN Q2 Q2 EBIT DECREASE BY

PREVIEW-Hugo Boss may push back 2025 targets as luxury sector falters By Linda Pasquini July 31 (Reuters) - Hugo Boss BOSSn.DE may push back key sales and profit targets beyond 2025 when it reports its second-quarter results on Thursday, as investors watch for updates on trading and cost-cutting plans. Shares in the company fell as much as 10% in July as it cut its full-year sales and earnings forecasts , citing weakening global consumer demand, especially in China and Britain.

LIVE MARKETS-Weakness in China hitting more than just luxury STOXX 600 up 0.55% Oil & gas, real estate lead gainers Reckitt tumbles Wall St futures higher 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 WEAKNESS IN CHINA HITTING MORE THAN JUST LUXURY Second-quarter results from Europe's luxury names have mostly been on the soft side, with most companies flagging weakness in China

BUZZ-Stifel ditches 'buy' rating on Hugo Boss on margin pressure, weak demand ** Stifel says it got its "buy" rating on Hugo Boss BOSSn.DE wrong and cuts the German fashion house to "hold", citing near-term margin pressure and weak demand ** "We got it very wrong with our 'buy' call on Hugo Boss this year, being too complacent with mounting signs o

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

LIVE MARKETS-European stocks drop, luxury lags STOXX 600 down 0.8% LVMH earnings drag luxury sector lower Upbeat easyJet results lifts travel & leisure Start of 'Mag 7' earnings disappoints Wall St futures 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 EUROPEAN STOCKS DROP, LUXURY LAGS Europe's luxury sector led a decline in major markets on Wednesday after disappointing r