Luxury
Forget the China gloom — luxury bosses say shoppers are back
People walk past a Prada storefront located in a modern shopping complex on January 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Chinese shoppers are returning to luxury. Top executives from Prada, Coach, EssilorLuxottica and Value Retail told CNBC they’re seeing demand in China stabilize after months of weakness, […]
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Four luxury stocks to watch amid hopes of a Chinese consumer rebound
A nascent rebound in Chinese consumer appetite, paired with resilient U.S. spending, is reigniting the luxury sector, with Richemont , Salvatore Ferragamo , LVMH and Ralph Lauren are emerging as key names to watch. Chiara Battistini, head of European luxury and sporting goods at J.P. Morgan, said the bank continues to favor Richemont, which has been […]
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Prada says Milan listing still on the table — but won’t commit until timing is ‘six months away’
Luxury Italian brand Prada still plans to become a dual-listed company but won’t commit until its listing date is “six months away,” the firm’s CFO Andrea Bonini told CNBC’s Charlotte Reed in an exclusive interview. Speculation about a possible dual listing, with the group currently listed on the Hong Kong Stock Exchange, has persisted since […]
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Sonder announces bankruptcy plans; tells guests to vacate hotel rooms: ‘People were scrambling’
Short-term rentals company Sonder on Monday said it plans to file for bankruptcy, a day after Marriott International said a licensing agreement between the two companies had ended. The deal, signed in August 2024, allowed Sonder hotels to be booked via Marriott’s Bonvoy website and was widely considered a lifeline for the San Francisco-based company, […]
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Ms. Jo Malone CBE on resilience, reinvention—and rewriting her destiny
The founder of the iconic lifestyle brand reveals how a challenging childhood shaped her entrepreneurial spirit, her journey overcoming cancer and anxiety, and why she’s still brimming with new business ideas. Ms. Jo Malone CBE is one of Britain’s most celebrated entrepreneurs, but her path to success was anything but easy. Raised on a council […]
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Norwegian shares fall on earnings despite third quarter record revenue
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Money Movers CNBC’s Contessa Brewer joins ‘Money Movers’ with details on Norwegian’s third quarters earnings, comments from its CEO, and much more. 04:22 an hour ago Source
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Luxury carmaker Ferrari beats third-quarter profit expectations as revenues jump
Ferrari technicians inspect supercars on the production line inside the company’s factory in Maranello, Italy, October 2, 2025. REUTERS/Remo Casilli/File Photo Remo Casilli | Reuters Luxury carmaker Ferrari on Tuesday reported stronger-than-expected third-quarter profit, with net revenues jumping more than 7% compared to the same period last year. The Maranello, Italy-based sports car manufacturer posted […]
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Trump’s 39% tariffs ‘horrible’ for Switzerland, Breitling CEO says
An exterior view of the Breitling Swiss luxury watch store in New Bond Street, Mayfair on February 17, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty Images Tariffs of 39% that were slapped on Swiss goods by U.S. President Donald Trump have been “horrible” for Switzerland, the chief executive of Swiss luxury watchmaker […]
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Kering shares pop as ‘sharp’ improvement at Gucci builds investor optimism
A woman wearing a Gucci belt and bag is seen during Paris Fashion Week in September 2018 Christian Vierig | Getty Images Shares of Gucci owner Kering closed up 8.7% on Thursday, hitting a 1-year high after the company’s sales decline narrowed and quarterly earnings beat estimates. The French luxury giant – whose brands include […]
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Kering agrees to sell beauty unit to L’Oreal for $4.7 billion as De Meo trims debt
A woman view skin care products at L’Oreal booth during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 5, 2024 in Shanghai, China. China News Service | China News Service | Getty Images Gucci owner Kering said on Sunday it has agreed to sell its beauty business to […]
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