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Dsm-firmenich sees boost as weight-loss drugs spur healthier choices

UPDATE 1-Dsm-firmenich sees boost as weight-loss drugs spur healthier choices Weight-loss drugs seen boosting demand for dietary supplements Preventive healthcare could raise interest in new ingredients Updates paragraph 12 to make it clear company is reviewing options including sale or IPO for Animal Nutrition division By Dimitri Rhodes and Matteo Allievi June 10 (Reuters) - The soaring popularity of weight-loss drugs are likely to spur demand for dietary supplements and healthier food formulat
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Dsm-firmenich sees boost as weight-loss drugs spur healthier choices

Dsm-firmenich sees boost as weight-loss drugs spur healthier choices Weight-loss drugs seen boosting demand for dietary supplements Preventive healthcare could raise interest in new ingredients By Dimitri Rhodes and Matteo Allievi June 10 (Reuters) - The soaring popularity of weight-loss drugs are likely to spur demand for dietary supplements and healthier food formulations, creating growth opportunities for dsm-firmenich, the CEO of the flavours to nutrition company told Reuters.
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Luxury prices in spotlight as Chanel enters new chapter

RPT-ANALYSIS-Luxury prices in spotlight as Chanel enters new chapter Repeats with no changes By Mimosa Spencer PARIS, June 7 (Reuters) - The departure of Chanel's top designer early Thursday sent ripples across the $1.62 trillion luxury goods industry at a time when all the major global players are at a crossroads. The playbook at the world's top fashion labels like privately owned Chanel and LVMH-owned LVMH.PA Louis Vuitton and Dior has been to heavily market new styles from their high-profile
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Luxury prices in spotlight as Chanel enters new chapter

ANALYSIS-Luxury prices in spotlight as Chanel enters new chapter By Mimosa Spencer PARIS, June 7 (Reuters) - The departure of Chanel's top designer early Thursday sent ripples across the $1.62 trillion luxury goods industry at a time when all the major global players are at a crossroads. The playbook at the world's top fashion labels like privately owned Chanel and LVMH-owned LVMH.PA Louis Vuitton and Dior has been to heavily market new styles from their high-profile designers while significantl
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Kering Appoints Laurent Claquin As Group Chief Brand Officer

BRIEF-Kering Appoints Laurent Claquin As Group Chief Brand Officer June 6 (Reuters) - Kering SA PRTP.PA : LAURENT CLAQUIN APPOINTED GROUP CHIEF BRAND OFFICER OF KERING WILL JOIN THE EXECUTIVE COMMITTEE AND WILL REPORT TO JEAN-MARC DUPLAIX, DEPUTY CEO OF KERING IN CHARGE OF OPERATIONS AND FINANCE EFFECTIVE JULY 1ST , 2024 Source text for: https://sh
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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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Luxury goods deflation: it is possible!

LIVE MARKETS-Luxury goods deflation: it is possible! STOXX 600 unchanged Investors await inflation data Wall Street futures steady 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 LUXURY GOODS DEFLATION: IT IS POSSIBLE! The idea of ever-rising luxury goods prices is being challenged.
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US lukewarm on G7 Russian diamond ban after industry backlash

RPT-US lukewarm on G7 Russian diamond ban after industry backlash Repeats story first published on Friday Ban aims to curb another revenue stream for Russia Biden administration official says US still engaged in G7 talks Says needs to take into account African, UAE, industry concerns By Julia Payne and Dmitry Zhdannikov BRUSSELS/LONDON, May 17 (Reuters) - The United States is re-evaluating the strictest elements of a ban on Russian diamonds from the Group of Seven major democracies, after opposi
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US lukewarm on G7 Russian diamond ban after industry backlash

RPT-US lukewarm on G7 Russian diamond ban after industry backlash Repeats story first published on Friday Ban aims to curb another revenue stream for Russia Biden administration official says US still engaged in G7 talks Says needs to take into account African, UAE, industry concerns By Julia Payne and Dmitry Zhdannikov BRUSSELS/LONDON, May 17 (Reuters) - The United States is re-evaluating the strictest elements of a ban on Russian diamonds from the Group of Seven major democracies, after opposi
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Italy - Factors to watch on May 20

Italy - Factors to watch on May 20 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS U.S. Treasury Secretary Janet Yellen will push fellow G7 finance officials next week to agree to a plan to bring forward the interest earnings on frozen Russian assets to provide more money to Ukraine quickly
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US lukewarm on G7 Russian diamond ban after industry backlash

REFILE-US lukewarm on G7 Russian diamond ban after industry backlash Adds dropped words in quote in paragraph 14 Ban aims to curb another revenue stream for Russia Biden administration official says US still engaged in G7 talks Says needs to take into account African, UAE, industry concerns By Julia Payne and Dmitry Zhdannikov BRUSSELS/LONDON, May 17 (Reuters) - The United States is re-evaluating the strictest elements of a ban on Russian diamonds from the Group of Seven major democracies, after
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Watches of Switzerland shares tick higher on brighter outlook

UPDATE 2-Watches of Switzerland shares tick higher on brighter outlook Company 'cautiously optimistic' on new financial year Sees revenue of 1.67-1.73 bln stg in FY2024-25 Shares jump as much as 19% Rewrites with shares, background By Yamini Kalia May 16 (Reuters) - Watches of Switzerland WOSG.L forecast higher revenues in its new financial year, sending shares in the luxury retailer up as much as 19% on Thursday following a tough time for the industry.
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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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Gucci takes over London's Tate Modern for cruise line catwalk show

Gucci takes over London's Tate Modern for cruise line catwalk show By Marie-Louise Gumuchian LONDON, May 13 (Reuters) - Gucci turned London's Tate Modern art gallery into a catwalk on Monday, as the Italian luxury label presented its cruise 2025 line in the British city that once inspired its founder. Creative director Sabato De Sarno opened the show with brown suede jackets and ensembles, often bearing the Gucci horsebit emblem and paired with chiffon blouses.
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REUTERS NEWS SCHEDULE AT 10:00 p.m. GMT/ 6:00 p.m. ET

REUTERS NEWS SCHEDULE AT 10:00 p.m. GMT/ 6:00 p.m. ET Here are the top stories and upcoming coverage plans for Reuters text service as of 10:00 p.m. GMT/ 5:00  p.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect or on Media Express . TOP STORIES GLOBAL UKRAINE-CRISIS/RUSSIA-DEFENCEMINISTER Putin taps civilian economist to run defence MOSCOW, May 12 (Reuters) - Russian President Vladimir Putin tapped a civilian economist as his surprise new defence m
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Could India be the next China for the luxury sector?

LIVE MARKETS-Could India be the next China for the luxury sector? STOXX 600 up 0.9% to new peak DAX, CAC & FTSE also at records Wall St futures higher 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 COULD INDIA BE THE NEXT CHINA FOR THE LUXURY SECTOR?
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Levi Strauss settles lawsuit against Italy's Brunello Cucinelli over trademarked tab

UPDATE 1-Levi Strauss settles lawsuit against Italy's Brunello Cucinelli over trademarked tab Adds Levi Strauss confirming settlement, paragraphs 1-2, 4 By Jonathan Stempel May 7 (Reuters) - Levi Strauss LEVI.N has settled its lawsuit accusing the Italian luxury fashion brand Brunello Cucinelli BCU.MI of infringing its familiar, trademarked rectangular pocket tab.
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Levi Strauss ends lawsuit against Italy's Brunello Cucinelli over trademarked tab

Levi Strauss ends lawsuit against Italy's Brunello Cucinelli over trademarked tab By Jonathan Stempel May 7 (Reuters) - Levi Strauss LEVI.N has ended its lawsuit accusing the Italian luxury fashion brand Brunello Cucinelli BCU.MI of infringing its familiar, trademarked rectangular pocket tab. Levi notified a federal judge in Oakland, California on Tuesday that it was dismissing the case with prejudice, meaning it cannot be brought again.
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