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Luxury goods group Burberry tops the FTSE 100 leaderboard after investment bank Morgan Stanley upgrades the stock to "overweight" from "equal-weight."
Oct 5- Burberry Group PLC:. *Morgan Stanley raises Burberry to overweight from equal-weight. Reuters Station users, click. 1580.
PARIS, Oct 3- Louis Vuitton is branching out into luxury pens and stationery as the upmarket leather bag maker looks for new ways to retain its exclusive image, after it launched high-end jewellery and hired an expert to create a perfume.
PARIS, Oct 2- European luxury stocks, once a must-have for portfolio managers seeking to avoid the European economic doldrums and get exposure to surging China sales, are falling out of favour, hit by concerns about slowing growth there.
Investors in the retail space might do well to think twice about picking luxury brands right now, “Mad Money” host Jim Cramer said Wednesday.
If you’re looking to buy weakness in luxury retail, there’s something you need to know but probably don’t.
In the luxury business, Burberry has highest number of Facebook fans, at 12.6 million. Gucci comes in second, with 7.8 million.
High-end merchants like Neiman-Marcus and luxury brands like Burberry and Stella McCartney are adapting to the new virtual shopping scene, incorporating mobile apps, “augmented reality” and iPad link-ups that extend, rather than sully, the plush experience of their stores.
Investors can profit from a long-term stock strategy, particularly if they buy stocks of luxury goods retailers and companies that will service an aging population, said OppenheimerFunds Director of Equities George Evans.
The ability to monitor consumer tastes gives retailers access to a trove of information that may help them plan product lines and inventory.
The market for luxury goods has come back with a bang in the past couple of years, despite volatility elsewhere in the market.
Burberry is embarking on an aggressive store expansion plan after announcing pre-tax profit rose almost 40 percent to 296 million pounds ($482 million) in the year to April.