Hermes International SCA
European markets move higher; Renault shares up 6% after quarterly revenue jump
European stocks were slightly higher on Thursday, as investors reviewed another batch of earnings reports, and as U.S. market declines weighed on global sentiment. The pan-European Stoxx 600 was up 0.53% by 10:05 a.m. London time, with the majority of major bourses and sectors trading in positive territory. Travel and leisure stocks added 2.85% while […]
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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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‘Rate cut winners’: Barclays names global stocks to buy when interest rates are cut
Barclays has identified a list of global stocks poised to benefit as central banks in Europe and the U.K. prepare to cut interest rates. The investment bank’s analysis comes as financial markets anticipate a shift in monetary policy, with potential implications for various sectors and companies. The European Central Bank and the Bank of England […]
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The five secrets to Ferrari’s success as a luxury brand
In the world of luxury, Hermès is arguably the gold standard. Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for about $11,000 and flip it the same day for more than $23,000. […]
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Hermes lawsuit claims luxury retailer reserves its famed Birkin bags only for its greatest spenders
A lady enters the Hermes Global retail outlet on Rodeo Travel in Beverly Hills, Calif. Patrick T. Fallon | Bloomberg | Getty Images Hermes is getting focused in a new lawsuit accusing the luxurious retailer of providing its coveted Birkin purses only to consumers who have put in exorbitant quantities of dollars at the retail […]
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Gucci sales to plunge 20% in initial quarter as Kering issues scarce luxurious financial gain warning
A Gucci retail store at Harbour City searching mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023. Bloomberg | Getty Pictures French luxurious group Kering on Tuesday warned that Gucci income search set to drop 20% year-on-12 months in the first quarter, as declining Asia transactions go on 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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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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European shares near reduced as buyers assess world wide information, earnings Sanofi falls 18%
European shares closed reduce on Friday, with earnings and the state of the global financial state maintaining sentiment on edge. The benchmark Stoxx 600 provisionally ended down .8%, with most sectors and key bourses in adverse territory. Health care stocks slipped 2.8% to lead losses, though chemical substances shares climbed .8%. The pan-European index has […]
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Premiums are climbing in Europe. HSBC names the region’s ‘most and minimum susceptible stocks’
Analysts at British lender HSBC have named the “most and the very least susceptible stocks” in the European market place, which is at the moment weighed down by a spike in corporate lending costs. “Throughout the financial system, most corporate borrowing is at floating rates, thus our economists anticipate the bulk of the curiosity charge […]
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