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Hermes


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Credit Agricole, Hermes, Whitbread

EUROPE RESEARCH ROUNDUP-Credit Agricole, Hermes, Whitbread June 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Credit Agricole, Hermes and Whitbread, on Wednesday. HIGHLIGHTS * Credit Agricole CAGR.PA : Jefferies raises to buy from hold * Flutter Entertainment Plc FLTRF.L : JP Morgan cuts target price to 20,700p from 21,300p * Hermes HRMS.PA : Barclays cuts target price to EUR 2320 from EUR 2410 * Renew Holdings Plc RNWH.L : Ber
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Who's most exposed to France?

CORRECTED-LIVE MARKETS-Who's most exposed to France? Corrects company name to SIG, fixes RIC in para 10 STOXX 600 down 0.8% CAC 40 roiled by Macron election call Wall St futures inch 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 WHO'S MOST EXPOSED TO FRANCE?
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Paris Olympics: a "small negative" for luxury

LIVE MARKETS-Paris Olympics: a "small negative" for luxury STOXX 600 up 0.6% Traders await ECB policy meeting Tech names continue ascent, up 2% Utilities worst off 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 PARIS OLYMPICS: A "SMALL NEGATIVE" FOR LUXURY With the reporting season out of the way, the focus has now shifted to what's ahead in the coming months.
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Chanel's creative director Virginie Viard to leave brand

UPDATE 2-Chanel's creative director Virginie Viard to leave brand Adds further details and financial details in paragraphs 5, 9 and 11 By Mimosa Spencer June 5 (Reuters) - Chanel artistic director Virginie Viard is leaving the label, the luxury brand said on Thursday, kicking off speculation over who will replace her in one of the fashion industry's most coveted positions.
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Birkin bag shoppers suing Hermes expand their antitrust case

Birkin bag shoppers suing Hermes expand their antitrust case By Mike Scarcella May 31 (Reuters) - U.S. consumers suing French luxury house Hermes HRMS.PA have broadened their lawsuit accusing the company of forcing buyers to spend thousands of dollars on other products before they can purchase one of the company’s famed Birkin bags. Another California resident joined the lawsuit in San Francisco federal court on Thursday, becoming the third named plaintiff in the proposed class action that was
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Bernstein lowers luxury sector growth estimate for 2024, upgrades Hermes

BUZZ-Bernstein lowers luxury sector growth estimate for 2024, upgrades Hermes ** Bernstein lowers its growth expectations for the luxury sector in 2024, as it notes the slow start to 2024, adding reacceleration will depend on recovery in China ** The broker now expects the market to grow 6% in the year against 7% seen earlier ** It cites risks from the China consuming confidence that is "bumping along the bottom" after it dropped around 26% in April 2022 and subsequently flattened ** It also not
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Argenx, Hermes, National Grid

EUROPE RESEARCH ROUNDUP- Argenx, Hermes, National Grid May 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Argenx, Hermes and National Grid, on Tuesday. HIGHLIGHTS * Argenx ARGX.BR : Barclays raises target price to EUR 375 from EUR 360 * Endomines Finland Oyj PAMPALO.HE : Evli Research raises to hold from sell * Hermes HRMS.PA : Bernstein raises to outperform from market perform * National Grid Plc NG.L : RBC cuts target price t
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Chanel to open more stores in China even as growth shifts abroad

UPDATE 1-Chanel to open more stores in China even as growth shifts abroad Adds more comments, background By Mimosa Spencer PARIS, May 21 (Reuters) - Chanel plans to invest in opening more stores in mainland China despite a shift in spending by Chinese shoppers to other markets as they resume travelling, the French label said on Tuesday. "The ability to scale is really important," said Leena Nair, chief executive of the privately-owned label, known for its tweed suits, quilted handbags and No.
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Canada Goose beats estimates as North America recovers, shares surge

UPDATE 4-Canada Goose beats estimates as North America recovers, shares surge Adds details from conference call in paragraphs 3 and 6 By Granth Vanaik May 16 (Reuters) - Canada Goose GOOS.TO beat Wall Street estimates for fourth-quarter revenue and profit on Thursday, riding on a rebound in North America and steady demand in China for its pricey puffer jackets, sending its U.S.-listed shares up more than 24%.
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Burberry looks to classics after Lee's designs struggle to excite

UPDATE 3-Burberry looks to classics after Lee's designs struggle to excite Q4 like-for-like sales slump 12%, China down 19% Annual operating profit falls 34% Groups says it will focus on British classic Writes throughout with detail on company's plans to focus on classics, CEO and analyst quotes By Suban Abdulla and Paul Sandle LONDON, May 15 (Reuters) - Burberry BRBY.L said on Wednesday it would increase its focus on classic designs like trench coats after a sharp fall in sales in the fourth qu
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Top of the Street: Leonardo, Kingspan, Hermes, Bellway, Berkeley, WPP, Persimmon, Taylor Wimpey

BUZZ-Top of the Street: Leonardo, Kingspan, Hermes, Bellway, Berkeley, WPP, Persimmon, Taylor Wimpey A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** UBS cuts Irish insulation maker Kingspan KSP.I to "neutral" from "buy", citing concerns over the recent underperformance of the insulation division and limited M&A opportunities ** UBS raises the defence and aerospace group Leonardo LDOF.MI to "buy" from "neutral", saying the market has not priced in yet the
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'Magnificent 3' of luxury well positioned against sector backdrop-Jefferies

BUZZ-'Magnificent 3' of luxury well positioned against sector backdrop-Jefferies ** Jefferies says ultra-luxury brands Hermes HRMS.PA , Ferrari RACE.MI and Brunello Cucinelli BCU.MI managed to maintain "consistently strong" sales in an uncertain economic environment and their valuation is still "shining bright" vs peers ** Shares in the "Magnificen
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Carlsberg, Danske Bank, Teleperformance

EUROPE RESEARCH ROUNDUP- Carlsberg, Danske Bank, Teleperformance May 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Carlsberg, Danske Bank and Teleperformance, on Friday. HIGHLIGHTS * Carlsberg A/S CARLB.CO : HSBC raises target price to DKK 1040 from DKK 1030 * Danske Bank DANSKE.CO : HSBC cuts target price to DKK 231 from DKK 238 * Hermes HRMS.PA : Jefferies initiates coverage with buy rating; price target EUR 2,650 * Rathbone
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Hermes asks court to toss 'far-fetched' Birkin bag antitrust case

Hermes asks court to toss 'far-fetched' Birkin bag antitrust case By Mike Scarcella May 9 (Reuters) - French luxury house Hermes HRMS.PA has asked a U.S. judge to dismiss what it called a “far-fetched” consumer lawsuit accusing it of forcing shoppers to spend thousands of dollars on goods before having a chance to buy one of its famed Birkin handbags.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch May 6 (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. FRANCE-CHINA: President Xi Jinping lauded China's ties with France as an international model on Sunday as he arrived in Paris for a rare visit against a backdrop of mounting trade disputes with the EU.
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Fashion group Hermes vows to 'vigorously defend itself' against Birkin lawsuit

Fashion group Hermes vows to 'vigorously defend itself' against Birkin lawsuit PARIS, April 30 (Reuters) - Fashion company Hermes HRMS.PA vowed to 'vigorously defend itself' in a lawsuit filed against it in California claiming it unlawfully allows only customers with "sufficient purchase history" with the company to buy its famed Birkin handbags. "Obviously, we strictly respect antitrust laws wherever we operate, and we will vigorously defend ourselves in this case,” Hermes executive chairman
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In the land of luxury, the handbag is king

LIVE MARKETS-In the land of luxury, the handbag is king STOXX 600 down 0.2% Earnings misses drag on index M&A news boosts miners FTSE 100, IBEX outperform 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 IN THE LAND OF LUXURY, THE HANDBAG IS KING The luxury sector was, not so long ago, the darling of the European market for several years, thanks in large part to Chinese consumers'
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European stocks retreat on earnings gloom, weak US economic data

UPDATE 2-European stocks retreat on earnings gloom, weak US economic data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Hermes quarterly sales jump 17% on strong China demand Renewable fuel producer Neste squeezed by market overcapacity Deutsche Bank Q1 profit jumps 10% as investment bank outperforms US economic growth slows in first quarter; inflation surges Updates with closing prices By Ankika Biswas and Johann M Cherian April 25 (
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Hermes Finance Chief: Margins Expected To Decrease Slightly This Year On Negative Currency Impact

BRIEF-Hermes Finance Chief: Margins Expected To Decrease Slightly This Year On Negative Currency Impact April 25 (Reuters) - Hermes International SCA HRMS.PA : HERMES FINANCE CHIEF: NEW STORE OPENINGS CONCENTRATED IN CHINA, US HERMES FINANCE CHIEF: MARGINS EXPECTED TO DECREASE SLIGHTLY THIS YEAR ON NEGATIVE CURRENCY IMPACT Source text for Eikon: ID
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Hermes quarterly sales jump 17% on strong China demand

UPDATE 3-Hermes quarterly sales jump 17% on strong China demand Adds share price and analyst comment in paragraphs 5-7 By Mimosa Spencer PARIS, April 25 (Reuters) - Birkin bag maker Hermes HRMS.PA reported a 17% surge in first-quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter including in China, and underlining strong demand for high end luxury.
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