Richemont reported strong quarterly results, driven by festival sales, despite ongoing weak demand in China. The robust earnings lifted rival share prices, buoying the European luxury sector on ...
Shares in European luxury companies rose after the Swiss luxury group reported sales that surpassed analysts’ projections, ...
Luxury stocks face volatility despite LVMH’s 1% sales rise. Kering and Hermes saw share declines, while Richemont and ...
European shares rose nearly 1 per cent on Thursday, with luxury stocks boosted by Richemont’s upbeat earnings update and semiconductor firms making gains after TSMC reported record quarterly ...
European stocks closed mostly higher on Wednesday as investors focused on corporate earnings news and looked ahead to policy ...
STORY: European luxury shares soared on Thursday (Jan 16 ... worried over weaker high-end spending in China, the largest market. Richemont's positive update spread to rivals like LVMH and ...
European stocks reached a fresh record high as ASML Holding NV’s strong earnings supported the sentiment after this week’s tech jitters.
European shares hit a record high as luxury stocks, led by Burberry's strong performance, surged. Investors reacted positively to Trump's less aggressive tariff hints. Personal and household goods, ...
The pan-European STOXX 600 index closed 0.5% lower in light trade after the New Year holidays. China-exposed sectors such as miners, luxury stocks and automakers came under pressure even after a ...
The watchmaker faces challenges due to its strong dependence on China, where luxury spending has taken a significant hit.