LVMH

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Reuters - 1 ngày trước

Estee Lauder pulls annual forecasts on uneven China recovery, new CEO

UPDATE 6-Estee Lauder pulls annual forecasts on uneven China recovery, new CEO Company does not expect China stimulus boost in Q2 Cuts quarterly dividend by nearly half Sees Q2 EPS of 20-35 cents vs. est of $1.06 Shares set for worst day on record, last down 19% Adds CEO comment in paragraph 5 By Ananya Mariam Rajesh Oct 31 (Reuters) - Estee Lauder EL.N shares slumped as much as 27% on Thursday, after it pulled its annual sales and profit forecasts and cut its dividend as it faces an uncertain o

Reuters - 2 ngày trước

Dutch chemicals firm dsm-firmenich ups 2024 profit forecast on higher vitamin prices

UPDATE 3-Dutch chemicals firm dsm-firmenich ups 2024 profit forecast on higher vitamin prices Adds broker quote in paragraph 5, CFO quote paragraph 7, results details paragraph 6 By Dimitri Rhodes Oct 31 (Reuters) - Dutch chemicals maker dsm-firmenich DSFIR.AS raised its annual adjusted core profit forecast on Thursday, citing a vitamin supply disruption that has increased prices, bringing a temporary earnings contribution in the fourth quarter.

Reuters - 2 ngày trước

DoorDash forecasts strong fourth quarter, bets on demand for online delivery

UPDATE 2-DoorDash forecasts strong fourth quarter, bets on demand for online delivery Adds analyst comments in last two paragraphs, updates shares in paragraph 10 By Ananya Mariam Rajesh Oct 30 (Reuters) - DoorDash DASH.O forecast fourth-quarter core profit above estimates on Wednesday, as the online delivery firm bets on more consumers using the platform to order groceries to beauty products during the holiday period.

Reuters - 2 ngày trước

DoorDash forecasts strong fourth quarter, bets on demand for online delivery

DoorDash forecasts strong fourth quarter, bets on demand for online delivery By Ananya Mariam Rajesh Oct 30 (Reuters) - DoorDash DASH.O forecast fourth-quarter core profit above estimates on Wednesday, as the online delivery firm bets on more consumers using the platform to order groceries to beauty products during the holiday period. The company also posted a profit for the first time since going public in late 2020 and beat quarterly revenue estimates.

Reuters - 2 ngày trước

Prada's third quarter revenues rise 18%, Miu Miu sales double

UPDATE 1-Prada's third quarter revenues rise 18%, Miu Miu sales double Asia Pacific sales rose 12% despite Chinese demand concerns Miu Miu sales now contribute one quarter of total retail sales CEO sees potential to increase prices of some products Adds details and CEO comments about Asia in paragraph 2-5, about Miu Miu in paragraph 7-8, about price in paragraph 11-12 MILAN, Oct 30 (Reuters) - Third-quarter net revenues for Prada 1913.F rose 17.7% at constant exchange rates, driven by double-dig

Reuters - 2 ngày trước

Prada's third quarter revenues up 17.7%, Miu Miu sales double

Prada's third quarter revenues up 17.7%, Miu Miu sales double MILAN, Oct 30 (Reuters) - Third-quarter net revenues for Prada 1913.F rose 17.7% at constant exchange rates, driven by double-digit retail sales growth in Asia and Europe and by the doubling of sales at the smaller Miu Miu brand, the Italian luxury group said on Wednesday. The main brand Prada reported a 1.7% increase in retail sales in the period, slowing down compared to the previous quarter.

Reuters - 2 ngày trước

STOXX 600 hits one-month low as bleak earnings weigh, tech stocks slump

UPDATE 2-STOXX 600 hits one-month low as bleak earnings weigh, tech stocks slump For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Europe's blue chips dragged by Melexis, Qorvo, AMD's downbeat updates Hazy capital outlook weighs on UBS shares ASMI jumps as guidance hike, Q3 beat suggest no slowdown Euro zone economy grows quicker than expected, but outlook remains weak Updates with closing levels By Ankika Biswas and Pranav Kashyap Oct 30

Reuters - 3 ngày trước

Berenberg picks Brunello Cucinelli, Hermès and LVHM in luxury sector initiation

BUZZ-Berenberg picks Brunello Cucinelli, Hermès and LVHM in luxury sector initiation ** Berenberg starts coverage of seven European luxury goods companies, saying it favours "buy"-rated absolute and soft luxury firms Brunello Cucinelli, Hermès and LVMH, while advocating a "defensive stance" ** With the market growth set to moderate, market share

Reuters - 3 ngày trước

Spain's Puig posts 11% rise in Q3 sales, beats expectations

UPDATE 1-Spain's Puig posts 11% rise in Q3 sales, beats expectations Adds sales details, CEO comment By Corina Pons MADRID, Oct 29 (Reuters) - Spanish fashion and perfumes company Puig reported an 11% rise in third-quarter sales on Tuesday, beating analysts' expectations after sector rivals posted disappointing results due to lower demand in China.

Reuters - 3 ngày trước

Sales at Moncler slip 3% in third quarter as demand weakens globally

UPDATE 2-Sales at Moncler slip 3% in third quarter as demand weakens globally Adds comment on China's Golden Week in paragraph 3; LVMH's investment in 6-7 MILAN, Oct 29 (Reuters) - Revenues at Italian luxury outerwear maker Moncler MONC.MI fell 3% at constant exchange rates in the third quarter, slightly more than analysts had anticipated, with weakness spread across all its main markets.

Reuters - 3 ngày trước

Sales at Moncler slip 3% in third quarter as global demand weakens

Sales at Moncler slip 3% in third quarter as global demand weakens MILAN, Oct 29 (Reuters) - Revenues at Italian luxury outwear maker Moncler MONC.MI fell 3% at constant exchange rates in the third quarter, slightly more than analysts had anticipated, with weakness spread across all its main markets. Luxury groups have been struggling with weaker consumer spending in recent quarters, especially in China.

Reuters - 4 ngày trước

STOXX inches up, Q3 reporting steams ahead

LIVE MARKETS-STOXX inches up, Q3 reporting steams ahead STOXX 600 up 0.3% HSBC beats expectations Earnings in full swing Wall St futures up slightly Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOXX INCHES UP, Q3 REPORTING STEAMS AHEAD It was all about Q3 earnings releases in early trading on Tuesday with broader indices inching up just slightly, while companies that reported

Reuters - 5 ngày trước

Bricks over clicks as shops come back into fashion in Europe

ANALYSIS-Bricks over clicks as shops come back into fashion in Europe Retailers open physical stores to help fend off new competitors Europe selling space in sqm to increase to 2.7% in 2028 vs 2022 Decathlon tempts customers with areas to play sports Retailers see more online sales in areas near physical stores By Alberto Chiumento and Paolo Laudani Oct 28 (Reuters) - The rise of online shopping has led to swathes of store closures, casting doubt over the future of retail malls and high streets,

Reuters - 5 ngày trước

Some companies change tack in China with no recovery in sight

ANALYSIS-Some companies change tack in China with no recovery in sight Executives downbeat about China early in Q3 earnings season Property crisis, youth unemployment remain a problem Beijing has pledged stimulus, investors say may not be enough China Q3 GDP slowest since early 2023 By Bernadette Hogg, Ananya Mariam Rajesh and Helen Reid GDANSK/BENGALURU/LONDON, Oct 28 (Reuters) - Companies around the world are starting to cut prices and costs and scale back activity in China, as the world's sec

Reuters - 1 tuần trước

Remy to raise cognac prices in China to offset tariffs

UPDATE 1-Remy to raise cognac prices in China to offset tariffs Adds details, CFO quotes throughout PARIS/LONDON, Oct 25 (Reuters) - Remy Cointreau RCOP.PA will raise cognac prices in China to help mitigate the impact of tariffs imposed by Beijing on European Union brandy amid a trade dispute, its finance chief told investors on Friday. China imposed provisional tariffs on brandy from the European Union earlier this month, days after the 27-member bloc voted for tariffs on Chinese-made EVs.

Reuters - 1 tuần trước

Italian court lifts controls on fashion brand Alviero Martini

Italian court lifts controls on fashion brand Alviero Martini MILAN, Oct 24 (Reuters) - An Italian court has ended a period of special administration imposed on fashion brand Alviero Martini early because the company has taken all necessary measures to clean up its supply chain, the court said on Thursday. The brand that makes bags and leather goods was placed in court administration for a year in January, after a probe alleged it had sub-contracted work to Chinese-owned firms in Italy that mist

Reuters - 1 tuần trước

Italy's Banca Progetto placed under court administration

UPDATE 2-Italy's Banca Progetto placed under court administration Measure stems from criminal probe which does not target bank Prosecutors allege shortfalls in loan approval procedures Oaktree, Centerbridge signed binding deal in September Adds detail from Banca Progetto statement in paragraphs 2-3, 6-7; on deal in paragraphs 3-4 By Emilio Parodi MILAN, Oct 24 (Reuters) - Banca Progetto, a small Italian bank which investment firm Oaktree recently agreed to sell to Centerbridge, has been placed u

Reuters - 1 tuần trước

Beiersdorf up on 9-month sales growth, upbeat Q4 outlook

BUZZ-Beiersdorf up on 9-month sales growth, upbeat Q4 outlook ** Shares in Nivea maker Beiersdorf BEIG.DE rise 1.5% in early Frankfurt trade after the company reported 9-month sales growth, stayed upbeat on Q4 despite China weakness ** Analysts at J.P. Morgan point to the confirmation of 2024 guidance and "importantly" to management's expectations

Reuters - 1 tuần trước

Hermes continues to outshine rivals with Q3 sales up 11.3%

UPDATE 1-Hermes continues to outshine rivals with Q3 sales up 11.3% Adds China, analyst, quotes, in paragraphs 3,4, 8-11 By Mimosa Spencer PARIS, Oct 24 (Reuters) - Birkin bag maker Hermes HRMS.PA reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers.

Reuters - 1 tuần trước

Hermes Q3 sales up 11.3%, continues to outshine rivals

Hermes Q3 sales up 11.3%, continues to outshine rivals By Mimosa Spencer PARIS, Oct 24 (Reuters) - Birkin bag maker Hermes HRMS.PA reported on Thursday an 11.3% rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers. The French luxury company generated 3.7 billion euros ($3.99 billion) in revenue for the three months ending in September, an 11.3% rise at constant exchange rates.

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