Kering SA
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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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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‘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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UBS reveals world-wide stocks that will gain — or shed — when China reopens
Chinese stocks rose this week after the nation’s well being authorities claimed an uptick in Covid-19 vaccination premiums , which are regarded as important to reopening the region. A change in China’s strict zero-Covid policy would reverberate across the world, especially affecting significant world-wide organizations with major inbound links to the world’s next-biggest financial system. […]
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Williams-Sonoma will soon launch a collaboration with Roblox, says the home retailer’s CEO
Williams-Sonoma CEO Laura Alber told CNBC’s Jim Cramer on Thursday that the home retailer will soon jump into the virtual world through a collaboration with Roblox, a video-game company that’s especially popular among kids. Alber’s announcement came one day after Williams-Sonoma — owner of the Pottery Barn and West Elm brands — reported better-than-expected second-quarter […]
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Goldman Sachs says these global companies are poised to return more cash to shareholders
Share buybacks are on the rise, according to Goldman Sachs , with the investment bank naming a raft of European companies that it thinks are ready to accelerate the pace of shareholder returns. Share buybacks, also known as share repurchases, are when a company buys back its own shares from the stock market. This boosts […]
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Strategists pick their top stocks to beat rising prices and slowing growth — including some they say are ‘extremely cheap’
The global economy is beset with rising inflation and slowing growth. Here, CNBC Pro sifts through recent research notes to identify strategists’ top stocks in this tricky environment. The U.S. Federal Reserve hiked rates in March for the first time in more than three years, and announced a further 50-basis-point hike earlier this month . […]
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The path to profitability: Why some struggling resale names could triumph in the long-run
Resale is becoming an increasingly popular option for socially conscious consumers, but stocks in the sector have plummeted post-IPO. Source
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