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Hermes


Balita

Europe's luxury stocks have room to rise, but becoming costly

Europe's luxury stocks have room to rise, but becoming costly By Lucy Raitano LONDON, Jan 31 (Reuters) - Europe's glittering luxury companies, the region's top stock-market performers in 2023, may see yet more gains driven by a rebound in Chinese spending, but for some the sector is starting to look expensive. The likes of French luxury giant and Louis Vuitton-owner LVMH LVMH , and Swiss jewelry company Richemont CFR.S , have benefited from the resilience of their wealthy customers against the c
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Gucci's challenge: reigniting heat while boosting timeless appeal

UPDATE 1-Gucci's challenge: reigniting heat while boosting timeless appeal adds comment By Mimosa Spencer PARIS, Jan 30 (Reuters) - Sabato De Sarno, newly appointed by Kering PRTP.PA to reinvigorate its prized Gucci brand, needs to spark heat with a new direction, analysts say - a delicate task, given the emphasis executives have also put on the label's timeless appeal.
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Gucci names De Sarno as creative director with task of reviving brand

REFILE-UPDATE 3-Gucci names De Sarno as creative director with task of reviving brand In fourth paragraph corrects spelling of "flair" By Silvia Aloisi and Mimosa Spencer PARIS, Jan 28 (Reuters) - French luxury goods group Kering PRTP.PA has appointed Sabato De Sarno, a senior fashion designer at Valentino, as creative director of its top brand Gucci, it said on Saturday.
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Luxury giants bank on Chinese return as Western shoppers sober up

RPT-PREVIEW-Luxury giants bank on Chinese return as Western shoppers sober up Repeats, text unchanged Luxury sector is seen among largest winners of China's reopening LVMH kicks off sector's earnings reports on Thursday Some Americans are cutting back on discretionary purchases By Mimosa Spencer PARIS, Jan 23 (Reuters) - The focus of the luxury industry is shifting back to China, with hopes that its high-end spenders will once again splurge on designer goods during Lunar New Year festivities as
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Luxury giants bank on Chinese return as Western shoppers sober up

PREVIEW-Luxury giants bank on Chinese return as Western shoppers sober up Luxury sector is seen among largest winners of China's reopening LVMH kicks off sector's earnings reports on Thursday Some Americans are cutting back on discretionary purchases By Mimosa Spencer PARIS, Jan 23 (Reuters) - The focus of the luxury industry is shifting back to China, with hopes that its high-end spenders will once again splurge on designer goods during Lunar New Year festivities as Beijing relaxes COVID curbs
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European stocks end lacklustre week higher

UPDATE 2-European stocks end lacklustre week higher For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 ends up 0.4% but snaps 2-week of gains Cellnex jumps on takeover report Ericsson down on Q4 earnings miss Updates to market close By Ankika Biswas, Bansari Mayur Kamdar and Sruthi Shankar Jan 20 (Reuters) - European shares closed higher on Friday but marked weekly losses as investors took a cautious view of the earnings season an
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For Chinese Lunar New Year tourists, retailers roll out rabbit dances, red lanterns

For Chinese Lunar New Year tourists, retailers roll out rabbit dances, red lanterns By Chayut Setboonsarng and Farah Master BANGKOK/HONG KONG, Jan 20 (Reuters) - As Chinese shoppers trickle back to tourist hotspots for Lunar New Year holidays, malls from Macau to Bangkok aim to lure them into stores with red lantern displays, special dances to mark the Year of the Rabbit - and discounts.
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets Jan 19 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,393.400 7.10 NZX 50** 11,920.41 39.41 DJIA** 33,431.17 -479.48 NIKKEI** 26,791.12 652.44 Nasdaq** 10,997.72 -97.40 FTSE** 7,830.7 -20.33 S&P 500** 3,944.11 -46.86 Hang Seng** 21,678 100.36 SPI 200 Fut 7,328 -11.00 STI** 3,289.55 9.04 SSEC** 3,224.406 0.16 KOSPI** 2,368.32 -11.07 ---------------------------------------------------------------------------------------- Bonds Ne
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Jan 19 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,393.40 7.10 NZX 50** 11,920.41 39.41 DJIA 33,432.89 -477.96 NIKKEI** 26,791.12 652.44 Nasdaq 10,993.739 -101.37 FTSE** 7,830.7 -20.33 S&P 500 3,941.73 -49.24 Hang Seng** 21,678 100.36 SPI 200 Fut 7,322.00 -17.00 STI** 3,289.55 9.04 SSEC** 3,224.41 0.16 KOSPI** 2,368.32 -11.07 ---------------------------------------------------------------------------------------- Bonds Bonds JP 10 YR
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European shares extend winning streak on earnings boost

UPDATE 2-European shares extend winning streak on earnings boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Germany will not fall into recession - Chancellor Scholz Richemont climbs on higher quarterly sales ASMI jumps on strong orders, Q4 sales beat STOXX 600 rises 0.2%, up for sixth straight day Updates to market close By Bansari Mayur Kamdar and Ankika Biswas Jan 18 (Reuters) - European shares marked their longest winning streak
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European stocks clock best week in nearly eight months

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * STOXX 600 records best week in nearly 8 months * Miners surge as China eases some strict COVID rules * Delivery Hero up for second straight day By Shreyashi Sanyal and Ankika Biswas Nov 11 (Reuters) - European shares notched their best weekly performance in nearly eight months on Friday, largely driven by bets of smaller rate hikes by the Federal Reserve and easing COVID-19 curbs in China.
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European shares open higher as luxury, commodity-linked stocks jump

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Nov 11 (Reuters) - European shares opened higher on Friday as news of China easing its stringent COVID rules boosted commodity-linked stocks as well as luxury goods retailers, which also got a lift from Richemont's better-than-expected sales and margins.
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European shares open lower as miners lead decline

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Nov 8 (Reuters) - European shares inched lower at the open on Tuesday as miners led the declines on concerns of slowing demand from China, with investors also being cautious ahead of U.S. midterm elections that will determine control of Congress.
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European shares at seven-week peak as travel stocks shine

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Flutter, Ryanair lead travel stocks higher * Travel & leisure index hits near 3-month highs * China-exposed luxury companies decline (Updates with fresh analyst's comment, market close prices) By Shreyashi Sanyal and Ankika Biswas Nov 7 (Reuters) - European shares closed on Monday at a more than seven-week high as a jump in travel and technology stocks helped outweigh a drag from China-
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European shares gain ground on boost from travel stocks

(Corrects second paragraph to say STOXX 600 extended gains after its third straight weekly rise, not fourth) * Flutter, Ryanair lead travel stocks higher * Travel & leisure index hits near 3-month highs * China-exposed luxury companies decline * Irish stocks rally By Shreyashi Sanyal Nov 7 (Reuters) - European shares rose on Monday, reversing declines from the opening bell, as a jump in travel stocks helped outweigh a drag from China-exposed luxury giants.
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European shares open lower as mining, luxury stocks fall

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Nov 7 (Reuters) - European shares opened lower on Monday as mining and luxury stocks fell after hopes of an easing in China's strict COVID-19 measures were quashed over the weekend. The benchmark STOXX 600 index .STOXX slid 0.5% by 0805 GMT, following four straight weeks of gains.
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European shares kick off November on bright note

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Luxury stocks gain on rumours China to relax COVID curbs * Mining, energy stocks rise on higher commodity prices * Monte dei Paschi up as cash call 93% covered By Shreyashi Sanyal and Ankika Biswas Nov 1 (Reuters) - European shares gained on Tuesday, starting November on an upbeat note amid growing hopes that the U.S.
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British Business - Oct 21

Oct 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Investment management company Schroders plc SDR.L has given the first clues to how its liability driven investment operations fared during the recent gilts market upheaval, reporting a drop of 20.2 billion pounds ($22.66 billion) in assets in the division responsible.
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European shares subdued amid growth concerns, geopolitical tensions

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * STOXX 600 falls for fourth straight session * Chipmakers down as U.S. imposes export curbs to China * Renault up on talks with Nissan over future of alliance (Updates to market close) By Devik Jain and Amruta Khandekar Oct 10 (Reuters) - European shares edged lower on Monday as investors stayed cautious ahead of major corporate earnings this week, with nerves around rising interest rate
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Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown

By Casey Hall SHANGHAI, Sept 28 (Reuters) - China's coronavirus-driven economic slowdown is proving to be a boon for Zhu Tainiqi, the Shanghai-based founder of second-hand luxury goods marketplace ZZER, who is now scouting for shop space to expand the business. The former venture capitalist is seeing a surge in people looking to sell their Hermes Birkin bags or Rolex watches to raise cash, as well as a jump in interest from belt-tightening shoppers.
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