Cartier owner Richemont’s robust results have boosted sentiment about luxury stocks – but are investors getting carried away?
Strong bank earnings failed to sustain a rally on Wall Street, but stocks in Europe and Asia pushed higher. European and Asian indices gained after Wednesday's Wall Street rally.
Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday accessible/mass-market jewelry sales down 2%.
Analysts fell to the sidelines weighing in on Compagnie Financiere Richemont SA (CH:CFR – Research Report), Taylor Wimpey (GB:TW – Research
European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales, lifting investor hopes that the high-end sector is finally recovering from a slump caused by weak Chinese demand.
Despite Chinese sales dropping 18%, Richemont reports 10% increase The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as ...
European companies are set to deliver a third straight quarter of profit growth, which may help to maintain newfound investor enthusiasm for the region despite political and economic turmoil and concerns over U.
As the industry gathers at Paris Fashion Week, bosses are eyeing a revival in demand across the Atlantic to kick-start a recovery.
The designer’s new collaboration spells a return to fashion for the professional polymath. But could it also change the industry?
Marks and Spencer (LON: MKS) Group PLC continue to lead the day’s fallers, down 3.6%, while a lack of major movers saw Taylor Wimpey (LON: TW) PLC and Compass Group (LON: CPG) PLC also among losers.
The store is located in a seven-story building in Paris that's catty-corner to Hermès on Rue du Faubourg Saint Honoré.
Minot Light Capital, an investment management firm, recently released its fourth-quarter 2024 investor letter. A copy of the same can be downloaded here.