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Burberry


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Burberry presents star-studded moody Autumnal collection

Burberry presents star-studded moody Autumnal collection By Suban Abdulla LONDON, Feb 19 (Reuters) - Burberry's creative director, Daniel Lee, on Monday showed his third brief at London Fashion Week, which is celebrating its 40th anniversary, with an ode to the brand's outdoor heritage for the luxury house's autumn-winter 2024 collection. Set in a dark marquee in London's Victoria Park where guests sat on big fluffy brown cushions, songs from late British singer Amy Winehouse set the mood for t
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Airbus, Pirelli, Shell

EUROPE RESEARCH ROUNDUP-Airbus, Pirelli, Shell Feb 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Airbus, Pirelli and Shell on Monday. HIGHLIGHTS * Airbus SE AIR.PA : JP Morgan cuts target price to EUR 195 from EUR 200 * F-Secure Oyj FSECURE.HE : Inderes cuts to accumulate from buy * Pirelli & C SpA PIRC.MI : HSBC cuts to hold from buy * SSE SSE.L : Jefferies raises to buy from hold * Shell Plc SHEL.L : Berenberg cuts target pr
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Paul Costelloe, Bora Aksu kick off 40-year-old London Fashion Week

UPDATE 2-Paul Costelloe, Bora Aksu kick off 40-year-old London Fashion Week Adds Mark Fast show By Natasha Montague and Marie-Louise Gumuchian LONDON, Feb 16 (Reuters) - London Fashion Week kicked off on Friday with Irish designer Paul Costelloe championing classic looks and Turkish-born Bora Aksu taking inspiration from sculptor Eva Hesse as the showcase event celebrates its 40th birthday.
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Paul Costelloe opens 40-year-old London Fashion Week with classic designs

Paul Costelloe opens 40-year-old London Fashion Week with classic designs By Natasha Montague and Marie-Louise Gumuchian LONDON, Feb 16 (Reuters) - London Fashion Week kicked off on Friday with Irish designer Paul Costelloe championing classic looks and bringing a little bit of nostalgia to the catwalk as the showcase event celebrates its 40th birthday.
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Catwalks and parties: London Fashion Week marks 40 years

Catwalks and parties: London Fashion Week marks 40 years By Marie-Louise Gumuchian LONDON, Feb 14 (Reuters) - London Fashion Week kicks off on Friday with designers new and established presenting their autumn/winter lines and fashionistas joining in celebrations as the showcase event marks its 40th birthday this year. Representatives from the British Fashion Council (BFC) will open the London Stock Exchange on Thursday and London landmarks like Covent Garden and the London Eye will be lit up gre
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Hermès’ winning style is hard to replicate

BREAKINGVIEWS-Hermès’ winning style is hard to replicate The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Lisa Jucca MILAN, Feb 9 (Reuters Breakingviews) - Hermès International’s HRMS.PA bling allure has reached new heights. Shares in the purveyor of $10,000-apiece Birkin bags shot up to a record high after the $246 billion French group reported an 18% jump year-on-year in quarterly sales, and proposed a chunky extra dividend.
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Coty's premium fragrances, cosmetics launches drive quarterly revenue beat

UPDATE 1-Coty's premium fragrances, cosmetics launches drive quarterly revenue beat Adds shares in paragraph 4 By Ananya Mariam Rajesh Feb 7 (Reuters) - Coty COTY.N beat Wall Street estimates for second-quarter revenue on Wednesday, powered by higher pricing and strong demand for its high-end Burberry and Gucci fragrances and fresh launches of cosmetics in the U.S.
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Coty's premium fragrances, cosmetics launches drive quarterly revenue beat

Coty's premium fragrances, cosmetics launches drive quarterly revenue beat By Ananya Mariam Rajesh Feb 7 (Reuters) - Coty COTY.N beat Wall Street estimates for second-quarter revenue on Wednesday, powered by higher pricing and strong demand for its high-end Burberry and Gucci fragrances and fresh launches of cosmetics in the U.S. during the holiday season.
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Gucci's new designer in focus as Kering plots future growth

Gucci's new designer in focus as Kering plots future growth By Mimosa Spencer and Elisa Anzolin PARIS/MILAN, Feb 7 (Reuters) - Investors will be looking to see if Gucci's new creative director Sabato de Sarno can move the needle on the company's financial performance when its owner Kering PRTP.PA reports full-year earnings on Thursday. Gucci's sales have lagged rivals such as LVMH-owned LVMH.PA Louis Vuitton and Dior in recent years, prompting the company to change artistic direction through the
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Cautious consumers and cold weather temper UK retail sales growth

Cautious consumers and cold weather temper UK retail sales growth By Suban Abdulla LONDON, Feb 6 (Reuters) - British retailers reported sluggish sales in January as shoppers remained cautious about spending, according to a survey published on Tuesday which underscored how high inflation and borrowing costs are weighing on households. The British Retail Consortium (BRC) said consumer spending increased by 1.2% in January compared with the same month last year, representing a fall in purchases aft
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Estee Lauder to cut jobs on skittish China demand; shares surge 19%

UPDATE 6-Estee Lauder to cut jobs on skittish China demand; shares surge 19% Updates shares in paragraph 2 and adds executive comment in paragraph 3 By Ananya Mariam Rajesh Feb 5 (Reuters) - Estee Lauder EL.N plans to cut 3% to 5% of its global workforce as the cosmetics giant expands an effort to shore up margins squeezed by Chinese customers cutting back on higher-priced luxury products, sending its shares up as much as 19%.
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UK's FTSE 100 tepid as pound tumbles after strong US data

UPDATE 2-UK's FTSE 100 tepid as pound tumbles after strong US data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window UK unemployment rate much lower than thought in late 2023 Vodafone down as German recovery slows CMC Markets gains after company announces job cuts FTSE 100 flat, FTSE 250 off 0.8% Updated at 1651 GMT By Khushi Singh and Shubham Batra Feb 5 (Reuters) - Britain's blue-chip stock index started the week on a tepid note as the p
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UK Stocks-Factors to watch on Jan. 29

UK Stocks-Factors to watch on Jan. 29 Jan 29 - Britain's FTSE 100 .FTSE index is seen opening down on Monday, with futures FFIc1 down 0.16%. * BARCLAYS: Texas Attorney General Ken Paxton on Friday said Barclays BARC.L bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.
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Luxury stocks, upbeat data lift British equities to two-weeks high

UPDATE 2-Luxury stocks, upbeat data lift British equities to two-weeks high For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Diageo up after Remy Cointreau's sales beat Both blue-chip, midcap stocks hit two weeks high UK consumer sentiment at two-year high - GfK Superdry reports drop in Christmas sales, CFO to depart LVMH results prompt buying spree in luxury shares FTSE 100 up 1.4%, FTSE 250 adds 0.6% Updated at 17:02 GMT By Sruthi Shank
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LVMH results prompt $70 bln buying spree in luxury shares

UPDATE 7-LVMH results prompt $70 bln buying spree in luxury shares LVMH’s Q4 reassures investors on luxury sector resilience Share price surge adds about $30 billion to LVMH's market value Rise helps lift pan-European STOXX 600 index to 2-year high Adds chart analysis in paragraphs 9-10, analyst comment in paragraphs 18-19, share price performance last paragraph By Mimosa Spencer PARIS, Jan 26 (Reuters) - Investors dived back into top luxury shares on Friday, adding some $70 billion to their m
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Ferragamo CEO warns turnaround may take longer after 2023 sales drop

UPDATE 1-Ferragamo CEO warns turnaround may take longer after 2023 sales drop Adds details, background MILAN, Jan 25 (Reuters) - Sales at Italian luxury goods group Salvatore Ferragamo SFER.MI dropped by 8.1% at constant currencies last year, prompting Chief Executive Marco Gobbetti to warn that hitting turnaround goals could take longer than anticipated.
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LVMH grows sales as luxury shoppers show resilience

UPDATE 5-LVMH grows sales as luxury shoppers show resilience Adds Citi comment in paragraph 15, Arnault sons named to board in last paragraph By Mimosa Spencer PARIS, Jan 25 (Reuters) - Luxury goods group LVMH LVMH.PA posted a 10% rise in fourth-quarter sales on Thursday, as growth edged up from the previous quarter, driven by resilient demand - including from Chinese buyers - for its high-end fashion over the all-important end-of-year period.
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British equities hit one-week high as China pledges boost sentiment

UPDATE 2-British equities hit one-week high as China pledges boost sentiment For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window China stimulus hopes lift miners Sterling climbs as UK economy picks up speed Endeavour Mining, Centamin rise on Liberum upgrade FTSE 100 up 0.6%, FTSE 250 adds 0.9% Updated at 16:57 GMT By Sruthi Shankar and Khushi Singh Jan 24 (Reuters) - British equities touched a one-week high on Wednesday, bolstered by China-e
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AB Foods, Informa, Stellantis NV

EUROPE RESEARCH ROUNDUP-AB Foods, Informa, Stellantis NV Jan 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AB Foods, Informa and Stellantis NV on Wednesday. HIGHLIGHTS * AB Foods ABF.L : JP Morgan raises target price to 2000p from 1875p * Centamin Plc CEY.L : Liberum raises to buy from hold * Informa INF.L : HSBC raises target price to 975p from 925p * Robert Walters Plc RWA.L : HSBC raises target price to 420p from 405p * Ste
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Fashion resale site Vestiaire Collective launches crowdfunding, eyes IPO in 2025

Fashion resale site Vestiaire Collective launches crowdfunding, eyes IPO in 2025 LONDON, Jan 23 (Reuters) - Second-hand fashion marketplace Vestiaire Collective launched a crowdfunding campaign on Tuesday to raise at least one million euros ($1.09 million) from individual investors as the Kering-backed business aims to become profitable by year-end and potentially go public.
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