Morgan Stanley Downgrades LVMH to End Six Years of Bullishness
For the first time in six years, a Morgan Stanley analyst is relinquishing his positive view on LVMH.
2023-12-01 18:51
European Stocks Extend $1.2 Trillion Rally Before Powell Speech
European stocks kicked off December with gains, extending a rally that added $1.2 trillion to the Stoxx 600’s
2023-12-01 16:53
Is the US Headed for a Recession? Look at What Richer Americans Do on Black Friday
Richer Americans are curtailing their spending ahead of Black Friday, a worrisome sign for an economy that has
2023-11-21 19:26
Rich Americans Cancel Trips to Paris Following Middle East War
Wealthy Americans are holding off on booking trips to Paris as the war in the Middle East and
2023-11-18 16:57
Burberry Warns Luxury Slump Puts Revenue Target Under Threat
Burberry Group Plc warned this year’s revenue target may be out of reach after the UK trench-coat maker’s
2023-11-16 15:58
The Diamond World Takes Radical Steps to Stop a Pricing Plunge
When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they
2023-11-11 21:28
Spirits and Luxury Stocks Fall as Pricing Power Starts to Fade
Shoppers are rebelling against higher prices for everything from Piaget watches to Don Julio tequila, wiping off $45
2023-11-10 23:52
Prada Sales Slow Despite Strong Miu Miu Label Performance
Prada SpA’s sales slowed as the Italian fashion company experiences a cutback in luxury demand that other competitors
2023-11-01 10:55
L’Oreal Falls as China Sales Hit by Drop in Travel Retail
L’Oreal SA shares fell after the cosmetics maker reported weaker-than-expected sales growth, hurt by a challenging travel retail
2023-10-20 15:50
Global Stock Managers on Guard as China Pain Set to Spread
Global stock managers are bracing for pain as China’s dramatic slowdown undermines the prospects for companies elsewhere that
2023-08-19 08:26
LVMH Leads $22 Billion Luxury Rally as China Eases Travel Curbs
LVMH led luxury stocks higher in Europe on Thursday as China lifted a ban on group tours, boosting
2023-08-10 16:53
European Stocks Lifted by Luxury as China Eases Travel Curbs
European stocks extended gains into a second session, as China’s decision to relax travel curbs offered a lift
2023-08-10 15:48