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Richemont


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Prada sinks to 5-month low amid weakness in key luxury groups

BUZZ-Prada sinks to 5-month low amid weakness in key luxury groups ** Shares of Italian luxury group Prada 1913.HK drop 5.6% to HK$51, lowest since Feb. 16, tracking weakness in the performance of global luxury firms ** Prada stock on track for biggest one-day pct drop since Nov. 17 if trend holds ** German fashion house Hugo Boss BOSSn.DE on Monda
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Richemont seen up 2% after small Q1 sales beat reassures

BUZZ-Richemont seen up 2% after small Q1 sales beat reassures ** Shares in Richemont CFR.S are seen up around 2% after the Swiss luxury goods group reported first-quarter sales slightly ahead of expectations, driven by growth at Jewellery Maisons ** At constant exchange rates sales rose by 1% compared to Visible Alpha consensus of 0.5% growth, cite
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Luxury under pressure

LIVE MARKETS-Luxury under pressure 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 LUXURY UNDER PRESSURE European stocks are set for a weak open, as investors' attempts to settle on 'Trump trades', seems to mean buy the U.S. and sell the rest, while the latest signs of economic difficulties in China aren't helping the luxury names either.
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Weak China demand hurts sales at luxury goods firm Richemont

UPDATE 3-Weak China demand hurts sales at luxury goods firm Richemont adds further details ZURICH, July 16 (Reuters) - Sales at Cartier-owner Richemont CFR.S were a lmost f lat in the three months through June, the luxury group said on Tuesday, with a slump in Chinese demand pushing the overall result slightly below expectations. Richemont shares were dragged down on Monday by broader woes in the sector, and the earnings figures were more robust than some market players had expected.
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Richemont says quarterly sales up 1% at constant exchange rates

Richemont says quarterly sales up 1% at constant exchange rates ZURICH, July 16 (Reuters) - Luxury group and Cartier-owner Richemont CFR.S reported a 1% rise in sales at constant exchange rates in the three months through June, though they were down 1% at current exchange rates, the company said on Tuesday. "At constant exchange rates, sales in the quarter ended 30 June 2024 rose by 1% to 5.3 billion euros ($5.77 billion), after growing by 19% in the prior-year period, demonstrating the Group's
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Swiss stocks - Factors to watch on July 16

Swiss stocks - Factors to watch on July 16 July 16 - Here are some of the main factors that may affect Swiss stocks on Tuesday: DKSH HOLDING AG DKSH.S Reports H1 Core EBIT Up By 8.2%. COMPAGNIE FINANCIERE RICHEMONT SA CFR.S - Q1 sales figures due. ANALYSTS' VIEWS ADECCO ADEN.S : JEFFERIES CUTS TARGET PRICE TO CHF 31 FROM CHF 33 SWATCH UHR.S : JEFFERIES CUTS TARGET PRICE TO CHF 170 FROM CHF 200 SWATCH UHR.S : JP MORGAN CUTS TARGET PRICE TO CHF 180 FROM CHF 210 ECONOMY No major Swiss economic data
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Hugo Boss cuts full-year forecast on sagging China, UK demand

UPDATE 2-Hugo Boss cuts full-year forecast on sagging China, UK demand Expects FY sales at 4.20-4.35 bln euros, EBIT at 350-430 mln euros Q2 EBIT of 70 mln euros misses expectations Shares fall 10%, hitting lowest level since April 2021 Adds analyst comment in paragraph 4 and 7, shares in paragraph 6, context in paragraphs 8-9 By Gursimran Mehar and Linda Pasquini July 15 (Reuters) - German fashion house Hugo Boss BOSSn.DE cuts its sales and earnings forecasts for the year, citing weakening glob
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European luxury stocks drop after China data, gloomy Swatch, Burberry releases

BUZZ-European luxury stocks drop after China data, gloomy Swatch, Burberry releases Adds China's Q2 GDP, updates shares ** Shares of European luxury c ompanies slip after data showed China's economy, a key market for the sector, grew much slower than expected in Q2 * * Separately, the world's biggest watchmaker Swatch Group UHR.S reports steep fall
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European stocks fall, luxury names slide

LIVE MARKETS-European stocks fall, luxury names slide STOXX 600 down 0.4% Burberry, Swatch results weigh on luxury names China growth slows Wall St futures edge up 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 FALL, LUXURY NAMES SLIDE European equity markets are mostly lower on Monday, led by a slide in luxury names after disappointing trading updates from Burbe
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Amazon dresses up its drab fashion with Saks stake

RPT-BREAKINGVIEWS-Amazon dresses up its drab fashion with Saks stake The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Saba NEW YORK, July 10 (Reuters Breakingviews) - Amazon.com AMZN.O boss Andy Jassy is sharply pairing a tailored blazer with cheap cargo pants. The e-commerce goliath agreed to back Saks Fifth Avenue’s deal to buy rival swanky department store operator Neiman Marcus at the same time it’s considering a competitor to bargain cloth
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Amazon dresses up its drab fashion with Saks stake

BREAKINGVIEWS-Amazon dresses up its drab fashion with Saks stake The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Saba NEW YORK, July 10 (Reuters Breakingviews) - Amazon.com AMZN.O boss Andy Jassy is sharply pairing a tailored blazer with cheap cargo pants. The e-commerce goliath agreed to back Saks Fifth Avenue’s deal to buy rival swanky department store operator Neiman Marcus at the same time it’s considering a competitor to bargain clothing
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Compagnie Financiere Richemont Appoints Catherine Rénieras Chief Executive Officer Of Van Cleef & Arpels

BRIEF-Compagnie Financiere Richemont SA- Appoints Catherine Rénieras Chief Executive Officer Of Van Cleef & Arpels July 2 (Reuters) - Compagnie Financiere Richemont SA CFR.S : APPOINTS CATHERINE RÉNIERAS CHIEF EXECUTIVE OFFICER OF VAN CLEEF & ARPELS CATHERINE RÉNIER, CURRENTLY CEO OF JAEGER-LECOULTRE, TO SUCCEED NICOLAS BOS AS CHIEF EXECUTIVE OF
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Richemont names new boss for Cartier jewellery

UPDATE 2-Richemont names new boss for Cartier jewellery Recasts, adds detail, analyst comment throughout By John Revill ZURICH, July 2 (Reuters) - Richemont CFR.S has appointed a new boss at its jewellery business Cartier, worn by Hollywood stars and royalty, the luxury group said on Tuesday. Louis Ferla, who is CEO of Swiss watchmaker Vacheron Constantin, will replace Cyrille Vigneron as chief executive officer from Sept.
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Richemont names new boss for Cartier jewellery business

Richemont names new boss for Cartier jewellery business ZURICH, July 2 (Reuters) - Richemont CFR.S said on Tuesday that Louis Ferla will replace Cyrille Vigneron as chief executive officer of its Cartier jewellery brand. Ferla, who is currently CEO of Swiss watchmaker Vacheron Constantin, will replace Vigneron - who is retiring after eight years leading Cartier.
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French vote, China trade row cast cloud over European earnings

ANALYSIS-French vote, China trade row cast cloud over European earnings By Louis van Boxel-Woolf and Samuel Indyk LONDON, July 1 (Reuters) - French political uncertainty and an EU trade spat with China are casting a shadow over European corporate earnings, investors say, despite forecasts that companies are set to deliver better results. Second-quarter earnings for companies in the pan-European STOXX 600 .STOXX are seen rising 2% and revenues increasing by 1.7%, LSEG I/B/E/S data shows, in what
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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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Burberry, Hill & Smith, Legal & General

EUROPE RESEARCH ROUNDUP-Burberry, Hill & Smith, Legal & General June 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Burberry, Hill & Smith and Legal & General, on Wednesday. HIGHLIGHTS * Burberry BRBY.L : RBC cuts target price to 1,100p from 1,200p * Future Plc FUTR.L : Jefferies raises to buy from underperform * Hill & Smith HILS.L : Jefferies raises target price to 2,340p from 2,320p * Legal & General LGEN.L : HSBC cuts to ho
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Financial Times - June 26

PRESS DIGEST-Financial Times - June 26 June 26 (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 - Blackstone switches to 'best and final' offer for Hipgnosis Songs Fund - UK election betting scandal deepens as Labour suspends candidate - Chappell must repay at least 50 mln pounds over BHS collapse - LVMH's Bernard Arnault emerges as personal stakeholder in Richemont Overview - Blackstone
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds UniCredit, Volotea, Exxon Mobil, Airbus, Blackstone, L'Epee 1839, Doordash June 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1 930 GMT on Tuesday: ** U.S. meal delivery group Doordash DASH.O flagged an interest in a takeover of Britain's Deliveroo ROO.L last month, two people familiar with the matter told Reuters.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: LVMH, Unipol, Exxaro; Updates: Boeing June 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday: ** 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.
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