Coty misses revenue estimates on cautious retail orders, Lacoste license sale By Ananya Mariam Rajesh Aug 20 (Reuters) - CoverGirl parent Coty COTY.N missed fourth-quarter revenue expectations on Tuesday, impacted by its divestiture of Lacoste fragrance license and controlled orders from cautious retailers, which weighed on growth in prestige and mass-market perfumes.

BREAKINGVIEWS-Luxury’s legal pain is new threat to valuations The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Aug 20 (Reuters Breakingviews) - Not many products get more attractive when you know how the sausage is made. That may particularly be the case for Italian-made luxury goodies. Successive Milanese court rulings on troubled supply chains are a problem for a sector built on prestige and enigma – and may imply further hits to va

BUZZ-Kering rises on talk stock to stay in EuroSTOXX50 index ** Kering PRTP.PA up as much as 3.6% on market talk the stock will remain part of the EuroSTOXX50 .STOXX50E ** One UK trader says free-float adjustments by index provider STOXX lowers the chance that DSM Firmenich DSFIR.AS takes Kering's spot on the top euro zone equity benchmark ** An over 30% fall so far this year for Kering had fueled talk the stock could exit the index, the trader adds ** By 0838 GMT, Kering up 2.5%.

UPDATE 3-Coach owner Tapestry rides on Tabby handbags demand to beat estimates Gross margin expands for seventh straight quarter Inventory 'well-controlled and current' heading into FY 25 Annual forecasts roughly in line with estimates Shares rise 8% Adds background, details from the release By Juveria Tabassum Aug 15 (Reuters) - Tapestry TPR.N beat analysts' expectations for fourth-quarter results on robust demand for its popular Coach Tabby handbags, signaling interest in affordable luxury as

Turkish gold demand lifts Italian jewellery exports as leather goods suffer MILAN, Aug 12 (Reuters) - A surge in demand for gold from inflation-stricken Turkey boosted exports of jewellery from Italy's industrial district of Arezzo in Tuscany, data showed on Monday, offsetting a drop in leather goods sales from the nearby Florence area. Demand from Turkey, where inflation was running at 61.8% in July, drove jewellery exports from the Arezzo area up 133% in the first quarter of the year versus 20

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.

Japan's Shiseido becomes latest luxury brand hit by China slump, shares plunge TOKYO, Aug 8 (Reuters) - Japanese cosmetics powerhouse Shiseido 4911.T fell by its daily limit in Tokyo trading on Thursday following midyear earnings that were hit by restructuring costs and slumping demand in China. Shiseido becomes the latest casualty among luxury brands, including Cartier-owner Richemont CFR.S and Gucci's Kering PRTP.PA , to be stung by slowing growth and consumer confidence in the world's second-

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.

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 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

UPDATE 2-Symrise's half-year sales rise on fragrance business growth H1 sales rise 6.3% year-on-year to 2.57 billion euros H1 EBITDA rises 11.5% to 529.8 million euros Sees 2024 organic growth at upper end of 5-7% guidance Adds CFO quote in paragraphs 5-6, share reaction in paragraph 8, analyst comments paragraph 9, division detail paragraph 11 By Antonis Pothitos Aug 1 (Reuters) - German flavour and fragrance maker Symrise SY1G.DE posted a 6.3% rise in its half-year sales on Thursday, in line w

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.

Dolce & Gabbana likely to favour minority investor over IPO -sources say By Elisa Anzolin MILAN, July 31 (Reuters) - Italian fashion house Dolce & Gabbana is expected to seek a minority investor in the near term rather than consider a stock market listing, five financial and industry sources told Reuters. CEO Alfonso Dolce told Italian newspaper Corriere della Sera's weekly supplement earlier in July that both options were under consideration .

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.

ANALYSIS-So far, global earnings are just good enough to feel disappointing Many firms deliver in-line results, fail to extend market rally Companies cut guidance due to weakness in China and high interest rates Tech sector turns more upbeat, retailers grow more pessimistic Slowdown in US auto market hits many global automakers Adds Diageo in paragraph 2 and graphic By Medha Singh July 30 (Reuters) - Companies worldwide are lowering full-year sales and profit guidance as higher interest rates an

ANALYSIS-So far, global earnings are just good enough to feel disappointing Many firms deliver in-line results, fail to extend market rally Companies cut guidance due to weakness in China and high interest rates Tech sector turns more upbeat, retailers grow more pessimistic Slowdown in US auto market hits many global automakers By Medha Singh July 30 (Reuters) - Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China's economy hurt glob

EUROPE RESEARCH ROUNDUP-Jet2, Natwest Group, Unilever July 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Jet2, Natwest Group and Unilever, on Monday. HIGHLIGHTS * BAE Systems BAES.L : Citigroup raises to buy from neutral * Drax Group Plc DRX.L : Morgan Stanley raises target price to 670p from 650p * Jet2 Plc JET2.L : HSBC raises target price to 2020p from 1980p * Natwest Group Plc NWG.L : Berenberg raises target price to 415p

UPDATE 3-Birkin handbag maker Hermes outshines rivals with big sales jump Adds comment on change in Chinese tastes in paragraphs 14-15, details on U.S. sales in paragraph 16 By Mimosa Spencer PARIS, July 25 (Reuters) - Birkin-bag maker Hermes HRMS.PA reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even as less affluent consumers pull back.

Hermes 2Q sales rise 13% on continued appetite for high-end luxury PARIS, July 25 (Reuters) - Birkin-bag maker Hermes HRMS.PA reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even as less affluent consumers pull back. Sales at the French luxury group grew to 3.7 billion euros ($4.02 billion), a 13% organic sales rise that strips out currency fluctuations .

MORNING BID AMERICAS-Growth angst or air pocket? Stocks nurse losses A look at the day ahead in U.S. and global markets from Mike Dolan The worst day for the S&P500 .SPX since 2022 and mounting central bank easing bets suggest markets' serene 'soft landing' scenario is being questioned as China growth worries and U.S. election risks mount. Even though a withering swoon in megacap tech stocks this week comes in the thick of the corporate earnings season, the incoming aggregate profit growth pictu