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Hermes

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Reuters - 17 hours ago

European shares end higher as earnings barrage impresses

UPDATE 2-European shares end higher as earnings barrage impresses For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Capgemini falls after forecasting annual revenue drop Hermes gains after beating Q2 sales expectations STOXX 600 closes up 0.8%, marks mild weekly gains Updated at 1600 GMT By Shashwat Chauhan and Pranav Kashyap July 26 (Reuters) - European shares closed higher on Friday, boosted by an earnings-driven advance across several s
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Reuters - 18 hours ago

Earnings help European indexes

LIVE MARKETS-Earnings help European indexes Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . EARNINGS HELP EUROPEAN INDEXES Better-than-expected company results are helping European indices find their footing on Friday having taken a bruising in this week's global stocks sell-off, with even the embattled luxury sector catching a break.
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Reuters - 18 hours ago

Hermes goes against the tide with slight Q2 sales beat, shares rise

BUZZ-Hermes goes against the tide with slight Q2 sales beat, shares rise ** Shares in Hermes HRMS.PA inch up 2.9%, breaking with the recent luxury sell-off trend, after the Birkin bag maker slightly beat Q2 sales expectations ** Hermes reports Q2 sales rising 13% to 3.70 bln euros ($4.01 bln) vs 12% growth seen in consensus cited by Barclays ** "For us, the main positives were the strength of Europe excl.
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Reuters - 19 hours ago

Busy busy

LIVE MARKETS-Busy busy Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . BUSY BUSY U.S. PCE inflation data has snuck up on investors a bit this week - they've had plenty else to think about - and that should drive the daily picture for markets from early afternoon in Europe.
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Reuters - 21 hours ago

French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch July 26 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. CAPGEMINI CAPP.PA : French IT consulting group Capgemini said on Friday it now expects its annual revenue to fall compared with the earlier expectation of at least maintaining stable growth, citing weakness in the North American market.
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Reuters - 1 day ago

Birkin handbag maker Hermes outshines rivals with big sales jump

UPDATE 3-Birkin handbag maker Hermes outshines rivals with big sales jump Adds comment on change in Chinese tastes in paragraphs 14-15, details on U.S. sales in paragraph 16 By Mimosa Spencer PARIS, July 25 (Reuters) - Birkin-bag maker Hermes HRMS.PA reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even as less affluent consumers pull back.
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Reuters - 1 day ago

Hermes 2Q sales rise 13% on continued appetite for high-end luxury

Hermes 2Q sales rise 13% on continued appetite for high-end luxury PARIS, July 25 (Reuters) - Birkin-bag maker Hermes HRMS.PA reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even as less affluent consumers pull back. Sales at the French luxury group grew to 3.7 billion euros ($4.02 billion), a 13% organic sales rise that strips out currency fluctuations .
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Reuters - 2 days ago

Stock rout spreads beyond tech

LIVE MARKETS-Stock rout spreads beyond tech Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOCK ROUT SPREADS BEYOND TECH The global equity sell-off looks set to extend into Europe on Thursday although the region may be spared the carnage in parts of Asia, where Japan's Nikkei .N225 tumbled as much as 3% and Hong Kong's Hang Seng .HSI slumped close to 2%.
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Reuters - 2 days ago

Stock rout spreads beyond tech

REFILE-MORNING BID EUROPE-Stock rout spreads beyond tech Corrects story links, no changes to text A look at the day ahead in European and global markets from Kevin Buckland The global equity sell-off looks set to extend into Europe on Thursday although the region may be spared the carnage in parts of Asia, where Japan's Nikkei .N225 tumbled as much as 3% and Hong Kong's Hang Seng .HSI slumped close to 2%.
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Reuters - 3 days ago

French luxury’s China pain may be more evenly felt

BREAKINGVIEWS-French luxury’s China pain may be more evenly felt The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Pierre Briancon LONDON, July 24 (Reuters Breakingviews) - France’s luxury Big 3 fear catching “a stray bullet ” if the scuffle between the European Union and China over electric car subsidies escalates.
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Reuters - 3 days ago

European shares end lower as earnings whirlwind disappoints

UPDATE 2-European shares end lower as earnings whirlwind disappoints For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window LVMH Q2 sales miss estimates, shares fall Deutsche Bank down after reporting first loss in 4 years Euro zone HCOB's PMI drops to 50.1 STOXX 600 down 0.6% Updated at 1600 GMT By Pranav Kashyap, Shristi Achar A and Shashwat Chauhan July 24 (Reuters) - European shares closed lower on Wednesday, dampened by luxury stocks after
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Reuters - 3 days ago

European stocks drop, luxury lags

LIVE MARKETS-European stocks drop, luxury lags STOXX 600 down 0.8% LVMH earnings drag luxury sector lower Upbeat easyJet results lifts travel & leisure Start of 'Mag 7' earnings disappoints Wall St futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN STOCKS DROP, LUXURY LAGS Europe's luxury sector led a decline in major markets on Wednesday after disappointing r
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Reuters - 3 days ago

Luxury stocks sell off again as LVMH posts below-bar Q2 earnings

BUZZ-Luxury stocks sell off again as LVMH posts below-bar Q2 earnings Recasts with sector performance, adds peers, milestones, updates shares ** Expectations-missing Q2 results from luxury giant LVMH, a bellwether for the sector, weigh on peers , already under pressure after weak Burberry and Richemont prints ** LVMH results confirm "even best-in-c
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Reuters - 3 days ago

LVMH shares drop after missing second-quarter estimates

UPDATE 2-LVMH shares drop after missing second-quarter estimates LVMH shares drop as much as 6.5% in early trade Q2 sales rose 1% to 20.98 bln euros vs forecast 21.6 bln Shares in Hermes, Kering dragged lower Recasts paragraph 1, adds analyst comments in 6-10, 15 By Mimosa Spencer and Dominique Patton PARIS, July 24 (Reuters) - Shares in LVMH LVMH.PA fell as much as 6.5% in early Wednesday trade and were on track for their biggest one-day drop since October 2023 after second-quarter sales growth
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Reuters - 3 days ago

LVMH shares slump 4% after missing Q2 estimates

LVMH shares slump 4% after missing Q2 estimates PARIS, July 24 (Reuters) - Shares in French luxury giant LVMH LVMH.PA dropped more than 4% at the market open on Wednesday after the company reported second-quarter sales growth below consensus estimates. The world's biggest luxury group said on Tuesday its quarterly sales rose 1% year on year to 20.98 bln euros ($22.76 bln), undershooting a poll by LSEG analysts for 21.6 billion.
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Reuters - 3 days ago

LVMH sales miss estimates as Chinese market slows

UPDATE 3-LVMH sales miss estimates as Chinese market slows Rewrites paragraph 1, adds details in 3-4, analysts quote in 6-8, and CFO quotes in 12-13 By Mimosa Spencer PARIS, July 23 (Reuters) - LVMH LVMH.PA sales growth slowed in the second quarter as Chinese shoppers reined in spending on high-end fashion at home, even as demand in Western markets slightly picked up.
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Reuters - 1 week ago

France corporate earnings week ahead

DIARY-France corporate earnings week ahead July 19 (Reuters) - Diary of France (.FCHI) corporate earnings for the week ahead FRANCE EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 23-Jul-2024 AMC LVMH.PA LVMH Moet Hennessy Louis Vuitton SE Half Year 2024 LVMH Moet Hennessy Louis Vuitton SE Earnings Release 23-Jul-2024 BMO EDEN.PA Edenred SE Half Year 2024 Edenred SE Earnings Release 23-Jul-2024 05:00 TCFP.PA Thales SA Half Year 2024 Thales SA Earnings Release 24-Jul-2024 AMC CAR
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Reuters - 1 week ago

Luxury brands feel the sting as Chinese growth slows

ANALYSIS-Luxury brands feel the sting as Chinese growth slows By Mimosa Spencer PARIS, July 17 (Reuters) - The prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped almost $200 billion off the sector's value in recent months. Profit warnings from Burberry BRBY.L and Hugo Boss and a 27% drop in quarterly sales in China, Macau and Hong Kong from Richemont CFR.S this week have reinforced concerns about weaknes
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Reuters - 2 weeks ago

UK luxury brand Burberry gets new boss to revive revamp

UPDATE 4-UK luxury brand Burberry gets new boss to revive revamp Q1 sales down 21% Warns on first half and full-year profit Former Michael Kors boss to lead turnaround CEO Akeroyd leaves with immediate effect Shares sink 17% to levels last seen in 2010 Recasts with chair comments, updates share move By Sarah Young LONDON, July 15 (Reuters) - British luxury group Burberry BRBY.L on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a "more familiar" l
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Reuters - 2 weeks ago

Morgan Stanley cuts Hugo Boss to 'equal-weight' on subdued demand backdrop

BUZZ-Morgan Stanley cuts Hugo Boss to 'equal-weight' on subdued demand backdrop ** Morgan Stanley cuts German fashion house Hugo Boss BOSSn.DE to "equal-weight" from "overweight", citing demand backdrop to remain subdued ** MS does not expect Hugo Boss to be immune as it expects the difficult demand backdrop to weigh on the company's B&M retail sal
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