Investors Brace for More Volatility With Trump Set to Address Congress
The president’s remarks come at a pivotal point for markets.
Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.
Levi Strauss Files for IPO
The 145-year old jeans company is seeking to return to the public markets after more than three decades.
Levi Strauss Files for IPO
The 145-year old jeans company is seeking to return to the public markets after more than three decades.
Kering's Gucci Joins Peers in Defying China Fears
Momentum at powerhouse Gucci slowed slightly but still outperformed most other fashion brands. Kering's comparable sales rose a higher-than-expected 24.2 percent.
Kering's Gucci Joins Peers in Defying China Fears
Momentum at powerhouse Gucci slowed slightly but still outperformed most other fashion brands. Kering's comparable sales rose a higher-than-expected 24.2 percent.
Kering’s €1.4 Billion Tax Bill, Explained
The French luxury giant is facing a possible €1.4 billion tax bill in Italy after accounting practices linked to a Swiss subsidiary attracted scrutiny.
Kering’s €1.4 Billion Tax Bill, Explained
The French luxury giant is facing a possible €1.4 billion tax bill in Italy after accounting practices linked to a Swiss subsidiary attracted scrutiny.
Coty Shares Surge as Company Beats Estimates
In the second quarter, the company was helped by higher sales in its luxury segment, with strong holiday demand for the Gucci, Marc Jacobs and Burberry brands.
Coty Shares Surge as Company Beats Estimates
In the second quarter, the company was helped by higher sales in its luxury segment, with strong holiday demand for the Gucci, Marc Jacobs and Burberry brands.
Margin Concerns Dampen L'Oréal Shares After Solid Sales Report
The world's biggest beauty company reported forecast-beating sales figures for the fourth quarter, but disappointment about margins dampened enthusiasm.
Margin Concerns Dampen L'Oréal Shares After Solid Sales Report
The world's biggest beauty company reported forecast-beating sales figures for the fourth quarter, but disappointment about margins dampened enthusiasm.
Coach Owner Tapestry Slashes Profit Forecast in Volatile Market
The owner of Kate Spade and Coach missed both its own and analysts’ expectations in the latest quarter and cut its guidance.
Coach Owner Tapestry Slashes Profit Forecast in Volatile Market
The owner of Kate Spade and Coach missed both its own and analysts’ expectations in the latest quarter and cut its guidance.
Superdry Blames Poor Product and Weather for Latest Sales Fall
The British fashion group's shares have slumped 70 percent over the last year and reported a 1.5 percent fall in revenue in the Christmas quarter.
Superdry Blames Poor Product and Weather for Latest Sales Fall
The British fashion group's shares have slumped 70 percent over the last year and reported a 1.5 percent fall in revenue in the Christmas quarter.
Estée Lauder Raises Full-Year Forecast as Shares Rise
Higher demand for luxury skincare products with brands such as La Mer, Mac Cosmetics and Origins, and growth in the Asia-Pacific region sent shares up 10 percent.
Estée Lauder Raises Full-Year Forecast as Shares Rise
Higher demand for luxury skincare products with brands such as La Mer, Mac Cosmetics and Origins, and growth in the Asia-Pacific region sent shares up 10 percent.
Ralph Lauren Beats Quarterly Revenue Estimates
The company's results beat average analyst estimates due to its greater emphasis on marketing.
Ralph Lauren Beats Quarterly Revenue Estimates
The company's results beat average analyst estimates due to its greater emphasis on marketing.
Luxury Sector Rallies On LVMH Results
In this month's Market Pulse, a set of impressive results by the French luxury conglomerate kickstarted 2019 with a note of optimism.
Luxury Sector Rallies On LVMH Results
In this month's Market Pulse, a set of impressive results by the French luxury conglomerate kickstarted 2019 with a note of optimism.
Amazon Reports Better Than Expected Holiday Season Sales
But shares fell after the company's projections for the first quarter missed analyst estimates.
Amazon Reports Better Than Expected Holiday Season Sales
But shares fell after the company's projections for the first quarter missed analyst estimates.
Vuitton Handbags Boost LVMH Sales
LVMH on Tuesday said it was "cautiously" confident about the year ahead after fourth-quarter sales held up in the face of fears of a slowdown in China.
Vuitton Handbags Boost LVMH Sales
LVMH on Tuesday said it was "cautiously" confident about the year ahead after fourth-quarter sales held up in the face of fears of a slowdown in China.
THE NEWS IN BRIEF
Trump FTC Chair Pledges to Keep Aggressive Merger Enforcement
The organisation’s chairman Andrew Ferguson vowed to aggressively block illegal mergers, reaffirming the agency’s commitment to challenging deals that violate antitrust laws, continuing the stance taken during the Biden administration.
True Religion Acquired by Private Equity Firm Acon Investments
The deal, which included participation from American Eagle’s chief executive, will help the denim maker expand globally.
Sneaker Maker Golden Goose Is Said to Kick Off Milan IPO Soon
Luxury sneaker brand Golden Goose SpA plans to kick off an initial public offering in Milan as soon as this week, according to people familiar with the matter, extending a strong rebound in European listings this year.
Europe Luxury Stocks Slide After Richemont Chairman Says Inflation Is Denting Demand
Luxury goods stocks slumped in Europe, wiping out more than $25 billion in market value after Richemont chairman Johann Rupert said inflation is starting to dent demand across the region.
US Inflation Cooling as Consumer Prices Rise Moderately Again
US consumer prices increased moderately in July as higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month.
Kim Kardashian Hires Wall Street Talent to Bulk Up Buyout Firm
Kim Kardashian’s private equity firm hired a half-dozen financial-industry professionals, including a new chief operating officer who previously worked at alternative investment giant Apollo Global Management Inc.
US Economy Shrinks for a Second Quarter, Raising Recession Odds
Gross domestic product fell at a 0.9 percent annualised rate after a 1.6 percent decline in the first three months of the year, the Commerce Department’s preliminary estimate showed Thursday.