LVMH posted improved sales growth for the third quarter as stronger trading in Europe and the United States helped make up for weakness in Asia.» Read More
LONDON, Oct 17- Jimmy Choo inched higher on its London stock market debut, watched closely by even the least fashion-conscious of bankers after a flurry of cancelled listings across Europe. "All eyes are on Jimmy Choo." Shares in the brand opened at 141 pence when conditional trading began on the London Stock Exchange on Friday, up 0.7 percent on the 140 pence offer...
*Jimmy Choo growth promises staked on declining China. LONDON/ PARIS, Oct 16- Luxury shoemaker Jimmy Choo is expected to set its London flotation price at 140 pence a share, the bottom of its indicative range, two sources familiar with the matter said on Thursday, amid declining enthusiasm for new issues. Fund managers have also expressed concern that Jimmy Choo had...
LONDON/ PARIS, Oct 6- Luxury shoe maker Jimmy Choo is on course to join London's main stock market next week with a value of up to $1.1 billion, industry sources said, citing the initial price range quoted by banks arranging the sale. "Jimmy Choo is a great brand with good growth potential but it has a high capital expenditure ratio and usually we prefer fashion...
Oct 3- Pro-democracy protests in Hong Kong have disrupted business and hit share prices of luxury goods companies, ruining what is normally one of the busiest shopping weeks of the year. The protests in Hong Kong, the biggest challenge to Beijing's leaders since the former British colony reverted to Chinese rule in 1997, coincide with China's "Golden Week"...
The protests in Hong Kong, the biggest challenge to Beijing's leaders since the former British colony reverted to Chinese rule in 1997, coincide with China's "Golden Week" holiday which runs until Oct. 7th. "As the Golden Week may be responsible for half the month's total, and market anecdotes suggest that sales of the shops have declined by about 70 percent, the...
Oct 3- As pro-democracy protesters defy China's Communist Party leaders on the streets of Hong Kong, spare a thought for the luxury retailer. Already hit by Beijing's tenacious anti-corruption campaign that has prompted a sharp pullback in conspicuous consumption among wealthy Chinese, high-end goods makers that increasingly rely on the mainland shopper...
*HSI -1.0 pct, H-shares -0.8 pct, China shut for holiday. HONG KONG, Oct 3- Hong Kong shares sank to 4-1/ 2 month lows on Friday, with investors unloading stock amid the continued civil unrest in the city and more gloomy economic news on China. The China Enterprises Index of the top Chinese listings in Hong Kong was off 0.8 percent to a more than three-month low.
TOKYO, Oct 1- While Japanese retailers struggle to cope with the burden of a sales tax hike, discount store operator Don Quijote Holdings aims to extend its 25- year run of rising profits by taking a different approach: turning Japan into a tourist mecca.
PARIS, Sept 30- Lingerie provider Agent Provocateur is seeing brisk business in Russia, Hong Kong and China, contrary to many other luxury brands, and is rolling out a second line co-designed by actress Penelope Cruz and her sister Monica, its head said.
HONG KONG, Sept 30- Hong Kong shares sank to a three-month low on Tuesday, ahead of holidays, as investors steered from risk as they wondered when the city's worst unrest in decades would end and what China's response would be.
*Hong Kong August retail sales rebound, up 3.4 pct y/y. HONG KONG, Sept 29- Increasing civil unrest in Hong Kong is scaring off Chinese tourists, heaping further pressure on retailers which are already grappling with a protracted slowdown in sales.
HONG KONG, Sept 29- Increasing civil unrest in Hong Kong is scaring off Chinese tourists, heaping further pressure on retailers which are already grappling with a protracted slowdown in sales.
HONG KONG, Sept 22- Hong Kong shares closed at two-month lows on Monday, as investors fretted that a private preliminary factory survey due on Tuesday could provide more evidence of a slowdown in China. Index heavyweights were battered on Monday, with Tencent Holdings down 3.3 percent while PetroChina shed 2.5 percent.
*Agile Property plunges after rights issue plan. HONG KONG, Sept 22- Hong Kong shares slumped to two-month lows on Monday, as investors fretted that a preliminary factory survey on Tuesday could provide more evidence of a slowdown in China. The China Enterprises Index of the top Chinese listings in Hong Kong slid 1.8 percent to its lowest since July 22.
HONG KONG/ MILAN, Sept 19- Italian luxury good company Prada SpA cut its 2014 revenue guidance on Friday due to weaker than expected consumer demand as it posted a 21 percent fall in net profit for the first half.
HONG KONG/ MILAN, Sept 19- Prada SpA will open fewer stores than previously planned this year, the Italian luxury goods group said on Friday, after reporting a 21 percent fall in its first-half net profit. In April Prada said it expected to see growth in sales this year in the "high-single" digits.
HONG KONG, Sept 19- Italian luxury goods group Prada SpA posted a 20.6 percent drop in first-half net profit, weighed by sluggish consumer demand amid an uncertain economic outlook and unfavourable exchange rates. Prada's shares fell 1.3 percent in Hong Kong to their lowest in more than two years prior to the results.
*CAR Inc surges 28 pct in HK debut. HONG KONG, Sept 19- Hong Kong's benchmark index rose on Friday following gains on U.S. exchanges, but trimmed earlier gains as a weaker Chinese market weighed on sentiment. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.3 percent.
What impact will New York Fashion Week have on the industry's stocks? We look at the best and worst performers over the past year.
ROME, Aug 6- Italian designer label Tod's is edging away from its comfortable driving shoes, ballerina flats and platform sandals in an attempt to diversify its business and revive flagging sales.