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Luxury sector outlook clouded by China's slow recovery

WRAPUP 1-Luxury sector outlook clouded by China's slow recovery By Mimosa Spencer PARIS, April 24 (Reuters) - Sales updates from Europe's big luxury brands have offered scant reassurance that Chinese demand for high-end fashion is recovering, leaving a cloud over the outlook for the industry. Warning on Tuesday that its first half profit would drop steeply, Kering PRTP.PA flagged low demand in Asia, and China in particular, in addition to its struggles to turn around star label Gucci.
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Burberry bottoms FTSE 100 after Gucci-owner Kering's profit warning

BUZZ-Burberry bottoms FTSE 100 after Gucci-owner Kering's profit warning ** Shares of UK luxury fashion brand Burberry BRBY.L down 3% at 1,131.6 pence ** Stock top loser on the FTSE 100 index .FTSE ** French luxury goods co Kering PRTP.PA says it expects 40% to 45% drop in H1 operating profit as Gucci sales tumble; LVMH also posted a drop in sales
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Kering's shares dive 9% as Gucci falters

UPDATE 3-Kering's shares dive 9% as Gucci falters Adds chart and further analyst comments in paragraphs 10-12 By Mimosa Spencer and Dominique Patton PARIS, April 24 (Reuters) - Shares in French luxury group Kering PRTP.PA fell by as much as 9.3% in early trade on Wednesday, to their lowest level in over 6 years, as the market digested news of a likely 40%-45% plunge in first-half operating profit.
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UK's FTSE 100 gains as miners shine

UPDATE 2-UK's FTSE 100 gains as miners shine For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window UK inflation slows less than expected to 3.2% ASOS rises on retaining FY outlook, naming new CFO Entain climbs on better-than-expected results FTSE 100 up 0.4%, FTSE 250 flat Updated at 1550 GMT By Pranav Kashyap and Shubham Batra April 17 (Reuters) - The UK's benchmark index FTSE 100 climbed on Wednesday, underpinned by industrial metal miners,
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Luxury’s great divide will get more striking

BREAKINGVIEWS-Luxury’s great divide will get more striking The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Lisa Jucca MILAN, April 17 (Reuters Breakingviews) - The world of luxury is increasingly a tale of the haves and the have-nots. Bernard Arnault’s $420 billion Tiffany-to-Dior conglomerate LVMH LVMH.PA sent a sobering message on Tuesday as it unveiled a 3% year-on-year rise in first-quarter sales ignoring currency moves – well below the 13% expan
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