European equities rise overall as TSMC guides strong and Richemont gives luxury stocks a surge
- Canada's response to US trade policies includes C$150B in retaliatory tariffs, escalating tensions. Simultaneously, there's ...
Porsche's 2024 China sales fall by 28%
German sports car maker Porsche AG reported a 28% tumble in 2024 China sales on Monday, as persistent weakness in the world's ...
American shoppers wrap up the year in a spending mood, boding well for the U.S. economy
American consumers wrapped up the year in a spending mood, buying all sorts of merchandise from furniture to clothing and ...
Reuters17d
Abu Dhabi's Mubadala overtakes Saudi Arabia's PIF as world's top wealth fund spender
Other groups such as Canada’s Maple 8 ... % y/y 6:57 AM UTC · Updated ago Retail & Consumercategory Cartier owner Richemont posts 10% jump in Q3 sales 6:46 AM UTC · Updated ago category ...
Richemont’s Surprise Revenue Gain Lifts Luxury Stocks, Offering Hope to Brand Owners, Investors
Richemont outstripped expectations with a 10 percent jump in revenue during the key holiday quarter, offering hope that ...
Richemont stock is surging by the most ever. Other luxury plays are jumping too.
The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales ...
Cartier owner Richemont’s sales surge fuels hopes of luxury turnaround
Cartier jewellery owner Richemont on Thursday reported a 10% increase in constant currency sales during the three months to ...
LVMH's Bernard Arnault ousts Larry Ellison as the world's 4th-richest person after gaining $15 billion in one day
Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand ...
FTSE 100 Live 16 January: Index rally continues, Burberry jumps after Richemont update
Burberry, which is working on a turnaround plan under new boss Joshua Schulman, rose 9% in the FTSE 250 index. The ...
Wall Street Journal2d
Cartier Owner Richemont’s Sales Beat Buoys Luxury Stocks
Cartier owner Richemont reported better-than-expected quarterly sales, triggering a rally in luxury stocks, after its core jewelry division bucked a downturn in demand for high-end goods.
The Financial Times2d
Richemont smashes expectations as jewellery sales boom
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Swiss luxury group Richemont reported stronger than expected sales in the final three months of 2024 ...
Kering Sells Stake in Landmark Paris Buildings to Ardian
Kering SA agreed to sell a majority stake in three luxury Paris properties to French private equity firm Ardian SAS, a deal ...