Gucci’s new designer in focus as Kering plots future growth

[ad_1] By Reuters API Published Feb 7, 2024 Investors will be looking to see if Gucci‘s new creative director Sabato de Sarno can move the needle on the company’s financial performance when its owner Kering reports full-year earnings on Thursday. Gucci’s sales have lagged rivals such as LVMH-owned Louis Vuitton and Dior in recent years, […]

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Estée Lauder CEO ‘not going anywhere’ despite 40% drop in shares

[ad_1] By Bloomberg Published Feb 6, 2024 The CEO of Estée Lauder Cos. defended his tenure at the helm of the beauty company and said his turnaround plan is already on the way to recovering lost profitability and generating more buzz about its brands.  “I’m not going anywhere,” CEO Fabrizio Freda said in an interview […]

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LVMH grows sales as luxury shoppers show resilience

[ad_1] By Reuters API Published Jan 25, 2024 Luxury goods group LVMH posted a 10% rise in fourth quarter sales, as growth edged up from the previous quarter, driven by resilient demand for its high end fashion labels. Sales at the world’s biggest luxury group, which owns labels including Louis Vuitton, Dior and Tiffany, came […]

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Luxury’s rebound is proving elusive as China gloom adds to warnings

[ad_1] By Bloomberg Published Jan 17, 2024 Luxury stock investors are facing the risk of more bad news as the likes of Burberry Group Plc and Hugo Boss AG fell short of already reined-in expectations and economic data from China dents chances of a near-term rebound. Burberry – Spring-Summer2024 – Womenswear – Royaume-Uni – Londres […]

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