Kering SA
European stocks edge higher as French crisis weighs on sentiment; Gucci-owner Kering up 6%
LONDON — European stocks were higher on Tuesday afternoon, with all eyes on France after the resignation of Prime Minister Sebastien Lecornu plunged the country into a fresh political crisis. The pan-European Stoxx 600 index was up 0.2% by 12:10 p.m. in London (7:10 a.m. ET), with most sectors and major bourses in positive territory. […]
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‘Loud luxury’ is back as high-end brands look to rebound
A guest wears red knitted Gucci x Adidas sweater, outside Bluemarble, during the Menswear Spring/Summer 2026 show as part of Paris Fashion Week on June 26, 2025 in Paris, France. Claudio Lavenia | Getty Images “Loud luxury” is poised for a comeback as ailing fashion houses attempt to inject a sense of newness and novelty […]
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Novo Nordisk’s stock plunge isn’t surprising. Why companies clear the deck for new CEOs
Novo Nordisk shares nosedived on the day its new chief executive, Maziar Mike Doustdar, was appointed. But that shouldn’t have come as a surprise to investors. Minutes before the news of Doustdar’s appointment on Tuesday, the Danish pharmaceutical giant reported a profit warning, slashing its operating profit growth by around a third to the new […]
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Luxury shopper recovery faces four key headwinds
The 19-story façade of the Louis Vuitton luxury store stands wrapped in a design reminiscent of their monogrammed trunks in Manhattan, New York City. Spencer Platt | Getty Images News | Getty Images High-end spenders are painting a mixed picture when it comes to the luxury market’s long-awaited recovery, with softer sales still weighing on […]
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This ‘quiet luxury’ Italian brand is shaking off tariff woes as sales jump
Key Points Brunello Cucinelli posted an estimate-beating 10.7% rise in first half sales as the super-rich shrug off tariff concerns. The retailer also pointed to a solid start to July and confirmed its outlook for around 10% sales growth in 2025 and 2026. Analysts, however, expressed doubt over broad-based growth for the beleaguered sector. Soaring […]
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Shares of Gucci-owner Kering pop 7% on reports Renault’s de Meo to be next CEO
A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty Images Shares of French fashion house Kering popped 7% on Monday on reports that it has appointed industry outsider Luca de Meo as group CEO. It comes as the owner of […]
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Canada Goose shares soar 20% as company beats estimates, pulls full-year guidance
Canada Goose jackets for sale inside a Nordstrom store in Toronto, Ontario, Canada, on Tuesday, March 21, 2023. Nordstrom will close its six Canadian department store locations and seven Nordstrom Rack shops, as CEO Erik Nordstrom said the company no longer sees a realistic path to profitability in the country, The Canadian Press reports. Photographer: […]
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Wealthy shoppers are splashing the cash on jewelry — so long as it’s the right brand
A shopper passes a jewelry display in the window of a Van Cleef & Arpels luxury goods store, operated by Cie. Richemont SA, on via Montenapoleone in Milan, Italy. Bloomberg | Getty Images With a diamond encrusted ring here and a rare gemstone necklace there, the world’s wealthiest are continuing to adorn themselves with the […]
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Why investors are turning cold on Gucci’s long-awaited turnaround strategy
Investors are growing skeptical of a long awaited turnaround at luxury house Gucci after sales slipped again in the first quarter. Source
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LVMH plunge puts spot as world’s top luxury stock at risk after sales miss
Louis Vuitton store window display in Mitsukoshi department store in Tokyo, Japan, on Friday, April 4, 2025. Bloomberg | Getty Images Shares of LVMH plunged as much as 8% on Tuesday morning, at one point losing its position as world’s largest luxury firm to rival Hermès after an unexpected decline in first-quarter sales. LVMH reported […]
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