From China woes to a shift in consumer tastes; the raft of headwinds weighing on luxury means the sector may be forced to embrace a new normal. » Read More
Luxury sales in China may slow, as the handbag bingers cut back and China's millionaires become over-extended.
By Astrid Wendlandt PARIS, Oct 9- French retail and luxury group PPR. While PPR is keen to present Fnac as a turnaround story to shareholders, some analysts said PPR was also looking to separate the retailer from its accounts at a time when consumption trends in France were worsening.
PARIS, Oct 7- The chief executive of French luxury group LVMH, Bernard Arnault, is set to be knighted in London for his contributions to the British luxury industry, an LVMH spokesman said on Sunday. With the knighthood, Arnault will join such personalities as Bill Gates, Stephen Spielberg and Placido Domingo, all of whom have been similarly honored.
EADS Chief Executive Tom Enders is prepared to talk about guarantees for jobs and production sites in a planned merger of the company with Britain's BAE Systems, he told Germany's Bild daily.
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.
PARIS, Oct 2- French stock market regulator AMF said it did not believe luxury group LVMH had engaged in insider trading or share price manipulation when it bought its first 14 percent stake in rival Hermes in 2010..
CAC-40 futures are 0.7 percent lower at 0620 GMT FRANCE TELECOM. The oil services company said on Tuesday it has signed a lump-sum contract with Murphy Exploration& Production Company for the development of an offshore field in the Gulf of Mexico.
PARIS, Oct 2- Valentino, the Italian fashion brand recently snapped up by Qatar's royal family, continues to enjoy strong demand and plans a new global expansion phase, with flagship store openings in the works, its head said on Tuesday. "There will be new boutiques, new flagships, everywhere," Sassi said, adding that meant in Asia, Europe and the Middle East.
PARIS, Oct 1- The French markets watchdog AMF's sanctions committee will examine whether to impose sanctions on luxury company LVMH for its stake-building in rival Hermes in early 2013, the AMF's head told BFM Business radio on Monday. "will be examined by our sanctions committee, I believe, in the first few months of 2013," Gerard Rameix said.
PARIS, Oct 1- Fresh from the successful re-launch of sleepy French shoemaker Roger Vivier, Italy's king of luxury Tod's Chairman Diego Della Valle is resuscitating Schiaparelli, a fashion brand inspired by Surrealists that has lain dormant since 1954..
Stocks finished slightly lower Thursday but staged an impressive comeback in the last half-hour of trading following reports that Germany's Angela Merkel has canceled the EU summit's press conference tonight, giving hope to traders that the European leaders are working to form a solution to tackle the ongoing debt crisis.
The Supreme Court upheld President Obama's health care overhaul, including the controversial requirement that most Americans have health insurance.
Cramer makes the call on viewers' favorite stocks.
Recently, a number of companies' corporate insiders have bought large amounts of stock. These insiders are finding some value in the market, which warrants a closer look at these stocks, theStreet.com reports.
Stocks accelerated their selloff in the final minutes of trading to close down more than 1 percent across the board Monday, as initial euphoria over Spain's bank bailout fizzled and amid ongoing fears over a global economic slowdown.
Investors will soon realize not all health-care stocks are equal as the Supreme Court prepares to decide Obamacare’s fate.
Is it enough? The 100 billion euros ($125 billion) the European Union is lending to Spain for bank recapitalization was dismissed almost immediately because it didn't involve: 1) writedowns; and 2) a massive restructuring of the Spanish economy. This buys some more time, but everyone is looking for what form the ultimate solution will take.
U.S. stock index futures were higher Monday but off their best levels as questions began to form over whether Spain's bank aid would really help put an end to the debt crisis.
Take a look at some of Friday's midday movers: