Richemont reported strong quarterly results, driven by festival sales, despite ongoing weak demand in China. The robust ...
Shares in European luxury companies rose after the Swiss luxury group reported sales that surpassed analysts’ projections, ...
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.
Luxury stocks face volatility despite LVMH’s 1% sales rise. Kering and Hermes saw share declines, while Richemont and ...
European stocks reached a fresh record high as ASML Holding NV’s strong earnings supported the sentiment after this week’s tech jitters.
Rival LVMH jumped 7.8%, while a gauge of European luxury firms advanced 6.8%, set for its best day since 2022. The tech index, which houses the bulk of European chipmakers, advanced 1.4% after TSMC , ...
Shares of ASML jumped 10.6% after the Dutch company reported better-than-expected fourth-quarter bookings of 7.088 billion ...
The watchmaker faces challenges due to its strong dependence on China, where luxury spending has taken a significant hit.
Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, in the first glimpse of fresh ...
European shares are trading near their largest discount on record to the S&P 500 index, at a forward price-to-earnings ratio ...
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