XM does not provide services to residents of the United States of America.
K
K

Kering

Trade Ideas

Traders Sentiment

Technical Summary

Hourly

News

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
B
F
H
H
K
L
R

Kering Appoints Ewa Abrams President Of Kering Americas

BRIEF-Kering Appoints Ewa Abrams President Of Kering Americas July 15 (Reuters) - Kering SA PRTP.PA : EWA ABRAMS APPOINTED PRESIDENT OF KERING AMERICAS ABRAMS APPOINTED PRESIDENT OF KERING AMERICAS, EFFECTIVE AUGUST 1, 2024 Source text: https://tinyurl.com/5n85detj Further company coverage: PRTP.PA (Gdansk Newsroom)
K

Who is Burberry's new CEO and luxury veteran Joshua Schulman?

FACTBOX-Who is Burberry's new CEO and luxury veteran Joshua Schulman? July 15 (Reuters) - British luxury brand Burberry BRBY.L named Joshua Schulman as its new CEO on Monday after warning on profit and scrapping its dividend payment for this year. He will become Burberry's fourth CEO in 10 years, replacing Jonathan Akeroyd who was axed after two years in the role.
B
K

European luxury stocks drop after China data, gloomy Swatch, Burberry releases

BUZZ-European luxury stocks drop after China data, gloomy Swatch, Burberry releases Adds China's Q2 GDP, updates shares ** Shares of European luxury c ompanies slip after data showed China's economy, a key market for the sector, grew much slower than expected in Q2 * * Separately, the world's biggest watchmaker Swatch Group UHR.S reports steep fall
B
K
L
R
S
S

European stocks fall, luxury names slide

LIVE MARKETS-European stocks fall, luxury names slide STOXX 600 down 0.4% Burberry, Swatch results weigh on luxury names China growth slows Wall St futures edge up 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 FALL, LUXURY NAMES SLIDE European equity markets are mostly lower on Monday, led by a slide in luxury names after disappointing trading updates from Burbe
B
H
K
L
R
S
S
E
F
S
U
G

Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.