Burberry Group PLC
Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds
The storefronts of Dolce & Gabbana, Tiffany & Co. and Patek Philippe are seen as people enter Icon Siam, a luxury shopping mall located on the Chao Phraya River, on June 12, 2024 in Bangkok, Thailand. Lauren Decicca | Getty Images News | Getty Images The personal luxury goods market looks set to face its […]
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CNBC Daily Open: Trump kicked off the market rally, but he could also halt it
A trader wears a hat in support of Republican Donald Trump, after he won the U.S. presidential election, at the New York Stock Exchange (NYSE) in New York City, U.S., November 6, 2024. Andrew Kelly | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up […]
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CNBC Daily Open: Trump supercharged the markets, but his policies could make the rally sputter out
Trader Walter Lundon shows off his shirt featuring US President-elect Donald Trump, on the floor of the New York Stock Exchange (NYSE) in New York City on November 6, 2024. Timothy A. Clary | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors […]
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Luxury stocks slip as fears grow of a prolonged downturn
An advertisement for Hugo Boss AG in Shanghai, China, on Wednesday, May 1, 2024. Bloomberg | Bloomberg | Getty Images LONDON — European luxury stocks tumbled Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. Germany’s Hugo Boss was among the worst performers on the Stoxx 600 index by midday, […]
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British luxury icon Burberry dropped from UK’s FTSE 100 stock market index
LONDON, UNITED KINGDOM – 2020/07/16: Storefront of the Burberry store in the prestigious New Bond Street. (Photo by Dave Rushen/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images LONDON — British luxury fashion house Burberry Group dropped out of the U.K.’s FTSE 100 stock market index on Wednesday, as waning sales and […]
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Rich Chinese travelers are flocking to Tokyo to take advantage of the weak yen
Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the heart of Tokyo. It is half past five p.m. on Friday. People flock to Ginza for shopping, dinner and drinking with their friends. Ginza became […]
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Burberry shares drop 11% after the luxury giant issues profit warning and replaces CEO
Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong. Xaume Olleros | Bloomberg | Getty Images Shares in Burberry plunged 11% in early trading on Monday after a disappointing first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend. The […]
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LVMH shares soar around 12% as earnings position to luxurious sector resilience
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks for the duration of a push meeting to existing the 2023 yearly effects of LVMH in Paris, France, January 25, 2024. Benoit Tessier | Reuters LVMH shares jumped additional than 12% on Friday early morning, immediately after the world’s greatest luxurious group posted […]
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CNBC Day by day Open: Big Lender earnings issue to a grim period
(L-R) Brian Moynihan, Chairman and CEO of Lender of The us Jamie Dimon, Chairman and CEO of JPMorgan Chase and Jane Fraser, CEO of Citigroup testify throughout a Senate Banking Committee listening to at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty Images This report is from […]
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CNBC Everyday Open up: Major Lender earnings signal downbeat quarter
Traders do the job on the flooring of the New York Stock Trade (NYSE) in New York, U.S., on Monday, June 27, 2022. Michael Nagle | Bloomberg | Getty Images This report is from modern CNBC Every day Open, our new, intercontinental marketplaces e-newsletter. CNBC Day by day Open brings buyers up to speed on […]
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