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European Luxury Stocks Rise
Cartier Owner Richemont’s Sales Beat Buoys Luxury Stocks
Richemont reported better-than-expected quarterly sales, triggering a rally in luxury stocks, after its core jewelry division bucked a downturn in demand for high-end goods.
European luxury stocks jump after Richemont smashes expectations
European luxury shares soared on Thursday as Cartier owner Richemont's third-quarter sales beat revived optimism for the battered sector. Richemont shares jumped around 16% to an all-time high of 161.
Rallying luxury-goods stocks buoy French bourse
The CAC 40 in France was Europe's outstanding performer on Thursday, as its heavy weighting of luxury-goods groups pushed the index up 1.8%. The rally came after Swiss-listed Richemont, whose brands include Cartier and Montblanc,
12h
Richemont Rises And Signet Falls As Jewelry Market Splinters Between True And Accessible Luxury
Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday ...
1d
Luxury firms, chipmakers lift Europe's STOXX 600 to five-week high
European shares rose nearly 1% on Thursday, with luxury stocks boosted by Richemont's upbeat earnings update and ...
1d
on MSN
Stock market today: Indexes slip after the best day for stocks since November
Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank ...
stocknews
1d
3 Affordable Picks in the Luxury Market
Luxury stocks present significant growth opportunities due to rising focus on personalized and exclusive fashion experiences.
1d
on MSN
Cartier owner signals return of luxury market
For the first time since the Great Recession, the luxury market has been trying to navigate one of its worst slumps. An ...
1d
on MSN
Why LVMH Stock Popped Today
Shares of Louis Vuitton Moet Hennesy ( LVMUY -1.54%) were moving higher today in symphony with a strong earnings report from ...
20h
on MSN
Loud luxury and logo-mania need a big revival and quiet luxury needs to die if brands want to keep making money, BofA analysts say
Bank of America analysts said quiet luxury has fueled dupes and led to more competitors joining the industry.
4d
on MSN
The luxury goods market has created its own crisis, and it won’t recover until after 2027
Luxury executives are more bearish about the industry because of tariffs and a changing appetite for high-end goods, the ...
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