Hermès takes on Chanel and Dior in the high fashion market
The French luxury brand is a candidate for the Haute Couture Week calendar. More than two-thirds of its business is already ...
Birkin bag maker Hermes extends lead over rivals with end-of-year sales surge
French luxury group Hermes reported fourth-quarter results well above analyst expectations on Friday, showing robust appetite ...
Hermes extends lead over rivals with end-of-year sales surge
STORY: French luxury group Hermes reported fourth-quarter results well above analyst expectations on Friday (February 14).And ...
Birkin bag maker Hermes end of year sales jump
PARIS (Reuters) -French luxury group Hermes reported an 18% rise in fourth quarter sales on Friday, showing robust appetite ...
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Gucci’s new signature is red—and so are its financials as sales bleed
Gucci’s downturn extended into the final stretch of 2024, with fourth-quarter revenue falling 24%, closing out a year in ...
Gucci owner Kering's annual profit plunges
Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative ...
As China dims, India begins to shine in this sector
With robust growth in premium sectors, India is filling the gap left by China and attracting several global luxury brands to ...
Kering's CEO says Gucci and other brands will absolutely not shift production to the US to counter Trump's tariffs
He said that it "makes no sense" to shift production out of Europe, as the group's culture and heritage is part of its ...
Gucci Owner Kering Posts Revenue Slump Amid Brand Revamp Efforts
The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.
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Europe stocks close higher after hotter-than-expected U.S. inflation print; Heineken up 14%
European markets closed slightly higher on Wednesday as global markets assessed the latest inflation reading out of the U.S.
China’s wealthy shoppers have a new mentality—and it’s terrible news for luxury brands like LVMH and Kering who bet billions on their loyalty
After luxury companies invested billions in China’s market, the country’s consumers turned to new pricey purchases.
Reuters on MSN4d
Shares in Gucci-owner Kering rise on turnaround hopes
Luxury group Kering's fourth quarter sales were hit by a continued slump at its main brand Gucci, it said on Tuesday, but a slight improvement in the group's performance in major markets China and the ...