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  • *China has been multinationals' growth driver as West stagnated. *Now slowing growth in China prompting strategic rethink. SHANGHAI/ ZURICH, Nov 6- A slowdown in China is forcing multinational companies to treat the world's second-biggest economy more like a developed market, turning away from a headlong dash for growth to focus on premium businesses, or...

  • *Hugo Boss own retail sales stable in Q3, wholesale down. BERLIN, Nov 3- German fashion house Hugo Boss expects strength in Europe to help sales and earnings to a fourth-quarter recovery, it said on Tuesday, though it sees no immediate prospect of a pick-up in China and the United States. Hugo Boss said its performance is expected to be particularly strong in Britain...

  • SHANGHAI, Nov 2- The crates of Chateau Brehat wine from Bordeaux had gathered dust for three years in a bonded warehouse on the outskirts of Shanghai before the owners cut their losses in July, slashing three-quarters off the $50 price tag. "When we started there was huge demand so we could control prices, big margins no problem," said Xavier Grangier, sales director...

  • European stocks closed sharply higher Friday, as investors cheered China's central bank as it cut interest rates and digested more earnings.

  • *Kering's Gucci comparable Q3 sales down 0.4 pct. PARIS, Oct 22- Kering's luxury brand Gucci posted a 0.4 percent drop in like-for-like third-quarter sales as spending by Chinese tourists in Western Europe and Japan only partially offset declines elsewhere in Asia. Kering Chief Finance Officer Jean-Francois Palus said demand from Chinese customers for...

  • SHANGHAI, Oct 16- A rare glimpse at figures for a number of Wal-Mart Stores Inc's China outlets shows sales slid 6 percent last year, casting a shadow over the firm's target for China to account for a quarter of its global retail growth over the next five years. The U.S. retail giant doesn't break out its China store sales, but a local joint venture partner submitted...

  • LONDON, Oct 15- A sharp sales slowdown in Hong Kong and China led Britain's Burberry to miss sales growth forecasts on Thursday and warn of an increasingly challenging environment for luxury goods sales, hammering its shares to a near three-year low. Burberry shares, down more than 8 percent at 1,303 pence by 1345 GMT, had fallen as low as 1,236 p, their lowest since...

  • China slowdown: The ripple effects for Burberry Thursday, 15 Oct 2015 | 10:31 AM ET

    With slowing growth in China rattling international stock markets, the luxury goods sector in Europe has seen heavy losses.

  • LONDON, Oct 15- A sharp sales slowdown in Hong Kong and China led Britain's Burberry to miss sales growth forecasts on Thursday and warn of an increasingly challenging environment for luxury goods sales, hammering its shares to a near three-year low. Burberry's retail revenue rose 2 percent to 774 million pounds in the six months to Sept. 30, below analysts'...

  • *Burberry slumps as China slowdown leads to sales miss. MILAN, Oct 15- European shares rose on Thursday after three days of losses, tracking gains in Asia on growing expectations the United States will delay any rate hike until 2016, with retailer Casino and consumer goods maker Unilever lifted by positive results. Investors were focusing on a raft of corporate...

  • *Casino, Unilever lead gainers after results. *Burberry slumps on first-half sales miss. Unilever rose 3.5 percent after it reported better than expected third-quarter sales, although it added that sluggish markets globally continued to weigh on its performance.

  • Check it out: Burberry sales hit by China slowdown Thursday, 15 Oct 2015 | 3:10 AM ET

    Fashion house missed forecasts for first-half and highlighted an increasingly challenging environment for luxury sales.

  • UPDATE 1-Sharp China slowdown hits Burberry sales Thursday, 15 Oct 2015 | 2:54 AM ET

    LONDON, Oct 15- A sharp sales slowdown in China and Hong Kong led Britain's Burberry to miss forecasts for first-half sales growth and warn of an increasingly challenging environment for luxury sales. Burberry made 456 million pounds in 2014-15.. Burberry said the comparable store sales decline in Hong Kong was worse than the double digit percentage fall...

  • Burberry sales growth hit by China slowdown Thursday, 15 Oct 2015 | 2:17 AM ET

    LONDON, Oct 15- Britain's Burberry missed forecasts for first-half sales growth and highlighted an increasingly challenging environment for luxury sales, hit particularly by greater caution amongst Chinese customers. The firm saw a mid single-digit percentage decline in comparable store sales in the Asia Pacific region, which includes Hong Kong and...

  • Europe sinks at the close; China concerns linger Wednesday, 14 Oct 2015 | 11:30 AM ET

    European equities ended in the red on Wednesday, as investors failed to shake off concerns over the economic slowdown in China.

  • Europe ends lower on China woes; SABMiller pops 9% Tuesday, 13 Oct 2015 | 11:30 AM ET

    European stocks closed in the red on Tuesday as investors failed to shake off fresh concerns of a slowdown in China's economy.

  • Luxury fashion puts on a brave face about China Tuesday, 22 Sep 2015 | 12:10 PM ET
    A man rides a bicycle past a Gianni Versace store in Beijing, China,

    Asia & luxury once slotted together as well as Cinderella and the glass slipper, but as China’s economic situation deteriorated, is this still true?

  • Burberry to reveal clothes on Snapchat before runway Friday, 18 Sep 2015 | 5:19 AM ET

    British luxury designer Burberry will show off its latest fashion collection on Snapchat before it hits the runway at London Fashion Week.

  • *SABMiller up 23 pct on InBev takeover approach. LONDON/ MILAN, Sept 16- European shares were higher at midday on Wednesday, with M&A hopes sending SABMiller and InBev sharply higher while the broader market was underpinned by overnight gains on Wall Street and in Asia. SABMiller rose 23 percent to a six-month high after the company said rival InBev intended to...

  • European shares climb, Richemont and Inditex outperform Wednesday, 16 Sep 2015 | 4:03 AM ET

    *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Sept 16- European shares climbed on Wednesday, with luxury goods group Richemont and fashion group Inditex outperforming, as the region's stock markets were buoyed by gains overnight on U.S. and Asian equities. Richemont surged 6.7 percent after reporting higher sales, boosting the shares of...