Moncler SpA
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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CNBC Daily Open: Elon Musk’s companies aren’t fully self-driving and await his steering
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters In his first week away from the U.S. government’s so-called Department of Government Efficiency, Elon Musk is seeing positive activity in his companies. His brain tech startup Neuralink announced a $650 million funding round, while […]
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How tourists alerted this fund manager to sell Moncler before its stock plunge
In February, while luxury brand Moncler was still basking in the glow of a stellar 20% share price surge from January, fund manager Giles Parkinson made a contrarian move: he sold out. His decision, driven by subtle signals in tourist spending data, ultimately proved to be the right one. By the end of March, Moncler’s […]
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Businesses are finding a workaround for tariffs — and it’s entirely legal
The rail-mounted crane transports goods at the cargo yard of the Qianwan United Container Terminal of Qingdao Port in Qingdao City, Shandong Province, China. Nurphoto | Getty Images Businesses are finding a workaround to minimize the most significant hit from tariffs, using a decades-old piece of legislation known as the “first sale rule.” Within U.S. […]
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Tariffs threaten to blow a hole in European luxury sales. Citi picks the winners and losers
A clear split of winners and losers among Europe’s prized high-end luxury brands could emerge after President Donald Trump’s sweeping tariffs were seen blowing a hole in lucrative U.S. sales, analysts warned. The U.S. has been a major growth driver for many luxury brands in recent quarters, as firms have shifted their focus to well-heeled […]
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Europe stocks hit fresh record high on earnings, Ukraine peace hopes
European stock markets were broadly higher Thursday, amid a flurry of earnings and economic data and rising hopes of an end to the Russia-Ukraine war. The regional Stoxx 600 index maintained positive momentum from earlier this week, when it marked three record closing highs, gaining another 0.74% by midday in London to hit another all-time intraday peak. Markets […]
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Europe’s luxury giants brace for a turnaround in fortunes amid China pivot
Europe’s beleaguered luxury sector could be set for a turn in fortunes this year, as early indicators point to improved consumer spending and a pivot away from China. Luxury shares shot up in trading last week after Cartier owner Richemont reported its “highest ever” quarterly sales in the three months to December, indicating a rebound […]
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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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South Koreans are the world’s greatest spenders on luxury goods
Purses displayed in a Chanel SA retail outlet window at the Avenuel section retail outlet, operated by Lotte Buying Co Ltd., in Seoul, South Korea, on Tuesday, Dec. 14, 2021. SeongJoon Cho | Bloomberg | Getty Pictures Whether or not it is really calf-leather-based Italian Prada bags or classic, checkered British Burberry trench coats, South […]
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‘Buy this dip’: Wall Street banks name global stocks and sectors that could be near a bottom
With recent volatility in the stock markets, Citi has told clients to ” buy this dip ” while analysts from Bank of America and JPMorgan have named the global stocks and sectors that they believe are trading near a bottom. BofA named a European list of “High Quality stocks that derated the most this year” […]
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