Compagnie Financiere Richemont SA
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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Luxury stocks may be a risky China stimulus bet
Chinese consumers have long powered luxury brands to new highs. But with questions surrounding China’s sluggish economy and changing consumer tastes, analysts aren’t so sure whether these shoppers will be able to coax the luxury sector out of its doldrums. The Chinese government’s new stimulus measures announced late September revived interest in the country’s economic […]
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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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‘Long-term opportunity’: Morningstar analyst names 2 luxury stocks to buy right now
Amid a broad sell-off in luxury stocks, one Morningstar analyst sees promise in the sector, revealing her top picks. “The luxury sector has been quite richly valued for the last couple of years,” Jelena Sokolova, senior equity analyst at Morningstar, told CNBC Pro. She said that amid the broad sell-off, “opportunities will start to emerge […]
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European markets close slightly lower after snapping nine-day winning streak
Europe stocks close lower European equity markets closed slightly lower on Friday, with the regional Stoxx 600 index down 0.13%. France’s CAC 40 dipped 0.26%, while the U.K.’s FTSE 100 and Germany’s DAX were both lower by roughly 0.2%. Stock Chart IconStock chart icon Stoxx 600 index. More upside risks to U.S. inflation in ‘stark […]
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European stocks near somewhat decrease as Davos attracts to close Uk retail sales drop
European stock markets shut a little decreased Friday, erasing gains via the early morning and former session. The Stoxx 600 index provisionally ended .3% decreased, with big bourses and sectors pointing in reverse directions. Mining stocks led losses, down 1.4%, while engineering shares rose .6%. The Planet Financial Discussion board in Davos, Switzerland arrived to […]
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After a tricky quarter for the world-wide luxury sector, UBS reveals the 3 shares to buy for 2024
Investors searching ahead to 2024 really should decide on up shares of Hermes , Cartier proprietor Richemont and Hugo Boss in the luxurious merchandise sector, according to UBS. The Swiss investment decision lender has a bullish phone on people a few stocks, although it struck a extra careful tone for the sector. Immediately after mounting […]
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Burberry shares sink 9% as luxury paying slowdown bites
Pedestrians walk previous a Burberry Team Plc store, still left, in the Causeway Bay procuring district of Hong Kong, China. Xaume Olleros | Bloomberg | Getty Visuals LONDON — Burberry shares plunged 9% on Thursday immediately after the British luxurious manner retailer warned that total-12 months running revenue will arrive in at the lower conclude […]
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These luxury stocks won’t lose their luster even as sales growth slows to pre-pandemic levels
The binge on designer brands is over. After three years of record growth, luxury companies are feeling the pain as sales slow to a more normal pace. On Friday, an earnings report from Cartier owner Richemont offered up the latest evidence, and sent luxury stocks reeling. “I’d say a soft landing is our hope, but […]
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‘One of the most inexpensive stocks’: Financial institution of America just upgraded these 3 luxurious names in Europe
Financial institution of The united states upgraded 3 luxury stocks that are bucking the destructive tendencies afflicting the broader sector in Europe. The MSCI Europe luxury index has fallen 16% from its most the latest high on Apr. 24 as evidence emerges of slowing need in the third quarter. The investment decision bank expects profit […]
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