[ad_1] By Bloomberg Published Feb 9, 2024 Investors are looking for the next turnaround story in luxury. Gucci-owner Kering SA seems like a good fit. See catwalkGucci – Fall-Winter2024 – 2025 – Menswear – Italie – Milan – ©Launchmetrics/spotlight But with the company warning on Thursday that investing in its brands will mean a decline in […]
Read More[ad_1] By Reuters API Published Feb 8, 2024 Ralph Lauren topped Wall Street expectations for revenue on Thursday in its 12th straight quarterly beat, powered by steady demand from wealthier U.S. shoppers for its expensive sweaters and shirts coupled with a strong rebound in China. Shares of the company jumped about 6% in premarket trading. […]
Read More[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, […]
Read More[ad_1] Bernard Arnault used to be known for buying luxury brands. Now, his favorite pastime is snapping up buildings – the latest of which is a historic Paris mansion near the Opera Garnier. Hotel Soltykoff, Paris Luxury behemoth LVMH, where Arnault is chairman, CEO and controlling shareholder, acquired the Hotel Soltykoff at 10 rue Volney, […]
Read More[ad_1] By Bloomberg Published Feb 1, 2024 The wolf is licking its lips. The prey is not wearing a red hooded cape, but Van Cleef Arpels jewelry. Van Cleef & Arpels – Facebook Van Cleef & Arpels Bernard Arnault, the founder and chief executive officer of LVMH who’s known as the “wolf in cashmere,” last […]
Read More[ad_1] Translated by Roberta HERRERA Published Feb 1, 2024 Leveraging cutting-edge technology, Diesel has achieved a “substantial decrease in the number of counterfeit Diesel products” in the market. The renowned denim label under the Italian fashion powerhouse, OTB, has been vigilantly monitoring the market in this ongoing fight against counterfeiting, and the results have been […]
Read More[ad_1] Translated by Nicola Mira Published Jan 29, 2024 Last Thursday, a few seconds after 6 pm CET, as soon as trading at the Paris Stock Exchange closed for the day, luxury tycoon Bernard Arnault took to the conference room stage at the LVMH group’s headquarters in Paris, at 50 Avenue Montaigne. FNW/DM Arnault, who […]
Read More[ad_1] Translated by Roberta HERRERA Published Jan 27, 2024 During the announcement of LVMH‘s annual results on Thursday, January 25, the French conglomerate’s chairman, Bernard Arnault, once again highlighted “the outstanding performance of the ‘Fashion & Leather Goods’ division,” which achieved a total revenue of €42.16 billion in 2023, marking a 9% increase compared to […]
Read More[ad_1] By AFP Translated by Nicola Mira Published Jan 26, 2024 Faced with weakening demand, the luxury goods market is increasingly becoming “a game for the big players,” said Rachid Mohamed Rachid, head of Qatari investment fund Mayhoola and president of Valentino and Balmain, speaking to AFP in Paris on Wednesday, during fashion week. Mohamed […]
Read More[ad_1] By Bloomberg Published Jan 23, 2024 Swatch Group AG failed to hit the sales record predicted by its chief executive officer as the return of customers in China for brands including Omega and Longines disappointed and a strong Swiss franc weighed down results. Swatch Group – Tissot The Biel, Switzerland-based company reported revenue of […]
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