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Apparel Accessories and Luxury Goods

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  • Dior Maker LVMH's 2007 Net Profit Rises 8% Wednesday, 6 Feb 2008 | 6:02 AM ET

    LVMH, the world's largest luxury goods group, brushed aside concerns that a U.S. recession could dent its performance but sounded more cautious about 2008 as it unveiled an 8 percent rise in 2007 net profit.

  • Richemont Sales Rise 8%, Miss Forecast Wednesday, 23 Jan 2008 | 4:07 AM ET

    Richemont, the world's second-largest luxury goods group, narrowly missed forecasts on Wednesday with an 8 percent rise in third-quarter sales, and said demand "slowed somewhat" in Japan and the United States in December.

  • Tiffany Cuts Outlook After Holiday Sales Decline Friday, 11 Jan 2008 | 10:44 AM ET
    The Tiffany & Co. store in New York City.

    Jeweler Tiffany cut its fiscal-year earnings outlook Friday as same-store sales fell 2 percent in the United States during the November-December holiday period.

  • Tiffany's Profit Tops Estimates; Raises Forecast Friday, 30 Nov 2007 | 1:52 PM ET

    Jeweler Tiffany reported a sharp increase in third-quarter profit Friday, boosted by a gain from the sale of its Tokyo flagship store, and raised its full-year profit forecast.

  • Gucci Sees Double-Digit 2007 Growth, New Asia Stores Tuesday, 27 Nov 2007 | 9:08 AM ET

    Luxury goods maker Gucci, owned by French retailer PPR sees double-digit growth in 2007 and aims to open more stores in Asia and eastern Europe, the label's chief executive, Mark Lee, said on Tuesday.

  • Burberry Says Sales Rise, But Is Cautious on Weak Yen Tuesday, 16 Oct 2007 | 2:41 AM ET

    Burberry, the British luxury goods company, saw its total revenue rise 19 percent in the first half broadly in line with analyst expectations and helped by a rapid opening of new stores.

  • LVMH Sales Rise 8%, Topping Forecasts Monday, 15 Oct 2007 | 2:32 AM ET

    LVMH Moet Hennessy Louis Vuitton, the world's largest luxury goods group, beat  forecasts with an 8% rise in nine-month sales and confirmed its target of a "significant" increase in full-year results.

  • Angry Trophy Wife Trade Monday, 8 Oct 2007 | 11:13 AM ET

    Wall Street bonuses are expected to drop as much as 40% this year. Will sales at luxury stores including Coach (COH) and Tiffany (TIF) take a hit?

  • Prada Reports 23% Increase in First-Half Revenue Monday, 24 Sep 2007 | 7:52 AM ET

    Luxury goods manufacturer Prada on Monday reported first-half revenues up 23%, powered by its Miu Miu brand which surged in Asia.

  • Volvo Deliveries Dip on Lingering U.S. Woes Monday, 24 Sep 2007 | 3:52 AM ET

    Truck deliveries by world No.2 truckmaker Volvo fell 4% in January through August as gains in Europe and Asia failed to offset lingering weakness in North America, the firm said on Monday.

  • Exclusivity? Try Lamborghini's $1.4 Million Car Thursday, 13 Sep 2007 | 4:05 AM ET
    Stephan Winkelmann, chairman of the brand Lamborghini, unveils the new Lamborghini Reventon, one out of a total of 20 existing.

    In a bid to add more prestige to what it already has, the Italian maker of super luxury sports car unveiled the Reventon at Frankfurt's international autoshow, a very limited editioncar that looks more like an arrow than anything on four wheels.

  • Upscale jeweler Tiffany reported lower second-quarter net profit Thursday on charges related to the pending sale of its Little Switzerland business, despite sales growth in some markets.

  • Permira Buys 85% Stake in Hugo Boss Friday, 24 Aug 2007 | 6:32 AM ET

    Germany Red & Black Lux, a unit of private equity group Permira, said Friday it acquired just more than 85% of the voting rights of Hugo Boss, as it moves to acquire the German fashion company.

  • French wine and spirit makers appear to be clawing their way back into the global market after years of watching foreign taste buds respond to innovative New World wines.

  • BMW Sedan Performs Worst in Crash Test Thursday, 16 Aug 2007 | 4:35 AM ET

    The 2008 BMW 5 Series was the worst performer in new side-impact crash tests of luxury sedans by the insurance industry.

  • Puma Profit Falls in Second-Quarter as Sales Decline Thursday, 9 Aug 2007 | 6:35 AM ET

    Athletic apparel maker Puma said Thursday second-quarter profit slipped as rising sales in Europe were offset by a 15% sales decline in North and South America.

  • Polo Shares Sink on Weak Profit Picture Wednesday, 8 Aug 2007 | 3:09 PM ET

    Polo Ralph Lauren posted a weaker-than-expected quarterly profit Wednesday, hurt by acquisitions-related accounting, and cut its full-year earnings forecast due to a higher tax rate, sending its shares down as much as 13 percent.

  • BMW Reports Jump in July Sales Tuesday, 7 Aug 2007 | 6:28 AM ET

    BMW, the world's biggest producer of luxury automobiles, said Tuesday that sales rose in July, as well as in the January-July period, on continued demand for its BMW, Mini and Rolls-Royce brands.

  • Book and newspaper publisher Pearson reported a sharp rise in first-half profits on Monday and raised its full-year sales forecast for its core professional education business to growth of 5-7%.

  • Hermes First-Half Sales Growth Capped Wednesday, 25 Jul 2007 | 6:08 AM ET

    Hermes International said sales for the first half were 721 mln euros, up 2.9% from 700.5 million a year earlier, as a negative currency impact weighed on growth.