After a rising opening, the stock markets put the brakes on while waiting for strong indications from the Fed and quarterly reports. Inflation rises in Spain and Germany, Milan around parity
Meta's expenses for AI, the disappointing GDP of the US first quarter and inflation are weighing on Wall Street: in cascade, the American data are reflected in the European stock markets which close lower, except for London driven by the maxi offer for…
The group also expects a decline of 40-45% in the current operating result of the first half of 2024 compared to the first half of 2023
Three months after his ninetieth birthday, the designer talks about the future of the holding. Independence has always been one of the founding values of the group which, however, has now adapted to changing times. The stylist: "I don't feel like excluding anything"
Revenues by geographical areas see Americas +19,5%, Europe +13,9%, Asia +16%, while sales by distribution channels show retail +15% and wholesale +19%. Cucinelli: "In the Chinese market we can see important development opportunities"
European stock markets rebound and outperform Wall Street. Thanks above all to the surge of LVMH which inflames the Cac40 but also a clear recovery in Piazza Affari
All the fashion brands rise on the European stock exchanges. The tip of the balance will be China which this week surprised with a GDP higher than consensus. A flurry of data from the sector is arriving
Luxury in turmoil. After Alessandro Michele's move to Valentino, Stefano Cantino leaves Louis Vuitton and becomes number two at Gucci, in charge since May 2
Kering bought an 8th century building in via Monte Napoleone XNUMX in Milan from Blackstone. It is the highest transaction carried out in Italy for a single real estate asset
The former creative director of Gucci will join Valentino from April 2nd. The maison: "It's the beginning of a new journey." Alessandro Michele: "Immense joy and enormous responsibility"
One resignation after another in the fashion world. What's going on? Perhaps the rhythms of finance, after stock market listings, do not mesh well with those of the catwalk seasons. It is certainly a change of pace
Belloni will leave after the meeting on 18 April and will be appointed president of LVMH Italia
The Fed will reveal its verdict on rates tonight. Lagarde: Data to decide on rates by June". Gucci sales estimates sink Kering (-14%), Poste in Milan in the red. Spread rising
A 2024% increase in turnover is expected for 10. At the meeting on May 20th, a dividend of 0,91 euros per share will be proposed. The owner Brunello promotes his two daughters to vice presidents
The accounts of the Italian luxury fashion house show significant drops in revenues and a sharp drop in net profit (-60%), leading the stock on the stock exchange to record a drop of more than 4%
For Moncler, profit and EBIT are also growing. Dividend proposed at 1,15 euros per share
The historic tower in the City's West End was sold by the BT Group to the American group Mcr Hotels. The tower, 189 meters high with its antenna, had lost its role as a center for transporting signals from…
In 2023, over 1.500 ultra-luxury villas priced at $10 million and above were sold in the United States. Not just California: billionaires prefer Manhattan. Doubts about style: excessive pomp, mixtures of dubious taste and obvious fake effect. The…
Milan Fashion Week opens with a busy calendar of fashion shows and events dedicated to the autumn/winter 2024-2025 women's collections. A mini-guide to prepare for the most anticipated event in fashion
The Della Valles, after the 2022 flop, launched a new takeover bid together with LVMH with the aim of exiting the stock exchange. Offer price 43 euros per share
The two companies of the Otb group founded by Renzo Rosso become part of the foundation that brings together the best Made in Italy companies
The structure will be located in Sala Baganza and will be dedicated to the production of luxury footwear and leather goods. Three hundred people employed. Opening expected by 2026
Drastic cost cuts in Estee Lauder's restructuring plan which sends the stock market soaring with a jump of over 12%
A third of companies expect organic investments to support growth and M&A activities in 2024. The high range holds the majority of production and is preferred by foreigners
Luxury in great shape on the markets after the boom in LVMH's accounts (+13,3%) which drags the entire sector on the stock exchange and makes Moncler and Brunello Cucinelli shine on Piazza Affari
In the space of a few years, innovative companies have overtaken giants that seemed unassailable, such as Volkswagen or BASF. Now on the podium are: the Dutch chip company Asml, the Danish Novo Nordisk and LVMH
All operating divisions performed well, except Wines & Spirits which saw a decline of 7 percent. Europe, Japan and the rest of Asia recorded double-digit organic growth. The stock exchange celebrates
LVMH's booming results send the stock soaring on the stock market and boost the entire sector. Armored Stellantis. For Tesla it is the end of a dream
The French luxury giant trades at 16 times earnings compared to 34 for Hermes. The break up would make the succession to Bernard Arnault easier
LVMH celebrates the round of appointments at the top of the group led by Bernard Arnault with a rise of 3,30% on the Paris Stock Exchange
All the main European stock markets are on the rise. In Piazza Affari, STM, Bper and Unicredit shine above all. The banking risk reignites. Amplifon falls again
Richemont sales boost luxury stocks. Piazza Affari rising driven by banks, eyes on Unicredit. Oil prices rise after EIA forecasts
The French giants are also on the rise, from LVMH to Kering to Hermes. A breath of fresh air after the burden of recent days due to China
The ballet of rates, combined with the winds of war in the Middle East and the difficulties of the Chinese economy, disturb the markets - Tests in Milan for the new TIM branded KKR
Irregular Chinese factories used. The famous bags with geographical maps were produced by underpaid Chinese and in terrible environmental conditions. The company was deemed incapable of preventing and combating labor exploitation in its production cycle
The fourth son of Bernard Arnault, former CEO of Tag Heuer, has been at the head of the luxury division which also includes Hublot and Zenith since January 1st
Doubts about Apple's future and anxiety over the Fed's minutes on the next rate moves send the stock markets into the red while T-bond yields rise - In Milan the banks are holding up but not the securities...
For over 30 years, the building has hosted the most important store in New York of the main brand of Miuccia Prada and Patrizio Bertelli who thus try to get around the mind-bogglingly exorbitant rents in that part of Manhattan
The recognition was awarded by MonteNapoleone District and the Italian Embassy in Beijing for the important contribution of OTB with its brands Diesel, Maison Margiela, Marni and others, to the valorization of Made in Italy in China
In 13 years, the brand has grown on the stock market much more than LVMH (+600%), but it is the Kering dividend that makes luxury soar - The curious dispute over the inheritance of Hermes
The relaunch of luxury and the new data on American employment, higher than expected, have given fresh air to share prices on both sides of the Atlantic
Advancement of the Saudi sovereign fund in Italy which acquires a significant share of the luxury hotel group. Cdp exits. It's the latest in a series of operations, that's what they are
Since the beginning of the year, Estée Lauder shares have lost almost 50% of their value and in November they again cut their growth forecasts. For HSBC, the Luxury sector will be subdued for another 5-6 months
Interlocutory day on the markets - The collapse of Burberry pushes the entire luxury sector downwards - Utility stocks rise again on Piazza Affari but Saipem slips
CEO Ruffini: "As we enter the most important part of the year, we remain vigilant in an uncertain macroeconomic scenario, but at the same time confident in the solidity of our brands"
The management of the LVMH empire remains firmly in the hands of the founder Bernard, the third richest man in the world. But Arnault wants to secure the group in view of his succession
Price lists contrasted in Europe and the USA but Piazza Affari still on the rise thanks to the exploits of MPS but also to the greater confidence in the stop on the rise in rates due to the effect of the new war - Clouds over luxury and pharma
The luxury sneakers of the Venetian brand Golden Goose could land on the stock market in spring 2024 with stellar multiples
Cipriani announced the creation of the $500 million Cipriani Hospitality Fund with the aim of expanding the brand abroad. Upcoming openings in London, Dubai and Istanbul. Meanwhile, great starred chefs are arriving in Rome where thanks to hotels…
Fourth session down for European stock markets: luxury and banks are the best sellers - Yields on the 4,7-year BTP are over 190% with the spread standing at around XNUMX basis points
The world is not able to withstand rate increases of up to 7% without plunging into stagflation: this is the alarm raised by the most important banker in the world, Jamie Dimon, number one at JP Morgan, in an interview with an Indian newspaper
Analysts see the flourishing M&A activity seen recently as possible in the coming months as well. The main aim is to have control of the supply chain and know-how
The partnership, which began in 2015, between the two companies continues. However, Apple says goodbye to the use of leather for its accessories. The straps of the French fashion house will now be made with more ecological materials, such as mesh, rubber and mesh
The Italian luxury group has created a campaign to give voice to the small and medium-sized artisan companies in its supply chain - The Minister of Business and Made in Italy Adolfo Urso took part in the event
The luxury group saw its turnover increase sharply in the first six months of 2023 and its forecasts for the rest of the year are "optimistic". Della Valle announces: "Plan for hiring young people". And the stock runs in Piazza Affari (+3%)
Analysts agree in seeing a sort of normalization of growth, often double-digit, which has characterized the sector in recent financial statements. Hermès, Richemont and Moncler are the top picks of BofA and Ubs. The Swiss institute has cut the…
Telecom Italia, Moncler and the banks lead the rise of the Milan Stock Exchange
Tapestry Inc, former owner of the Coach, Kate Spade and Stuart Weitzman brands has reached an agreement for the purchase of Capri Holdings, the high fashion group that controls the Versace, Jimmy Choo and Michael Kors brands. The new company achieves a turnover…
But costs threaten health care bills. And the Danish group has decided to curb production for now. Behind it presses the US competitor Eli Lilly
Net profit of 21 million. Revenues amount to 600 million (-4,8% compared to 2022). Sales down in Asia and North America while growing in the EMEA area
Mayhoola, the Qatari company will continue to hold the majority of the historic Italian maison, but Kering will meanwhile have its own representation on the board and then take over control
After yesterday's fall due to doubts about Lvmh, the stock is in fifth place after the half-year which showed a strong increase in revenues (+24%) to 1,13 billion euros
The Lvmh group closes the half year with strong growth and despite the economic and geopolitical uncertainty. Strong rebound in China. Fashion and driving bags
The London Stock Exchange is the leader in the Old Continent with some signs of revival in Paris despite the persistent weakness of luxury as in Milan - All American indices on the rise
After eight years Bizzarri surprisingly leaves the role of CEO of the Maison. Full powers to Francesca Bellettini. Jean-François Palus becomes president and CEO of Gucci for a transitional period. Gavazza new CEO of Tom Ford Fashion
The acceleration of bankers on Wall Street has allowed European stocks to recover ground after a day of weakness - Luxury stocks are still in trouble - Piazza Affari in pursuit of 29 points
After the intense red marked in yesterday's session, luxury stocks are still struggling, weighed down by the (slow) growth of China and the Richemont data
Heavy losses on the stock market for the luxury champions in France - from Hermes to Lvmh - and in Italy - from Cucinelli to Moncler - after the new slowdown in the Chinese economy
The business world wonders about the future of Armani. From Moncler to Diesel, many strategies for growth. Lots of news coming
Acquired 100% of the brand by funds controlled by BlackRock Long Term Private Capital Europe and by the current President Javier Ferrán. Creed, founded in 1760 is particularly appreciated for its Aventus perfume, one of the best-selling fragrances in the world
Luxury brand stocks have performed well recently. However, it seems that even the best stocks in the sector pay rather low dividends compared to other sectors. But there are good growth prospects
In anticipation of the OPEC+ meeting, the price of oil rises and pushes stocks in the sector, Saipem and Eni in the lead - The recovery of luxury stocks is also significant
Elon Musk once again the richest person in the world thanks to the recovery of tech stocks, while Arnault's Lvmh discounts the slowdown of the Chinese economy
The slowdown in inflation is stronger in Europe than in Italy where, however, the spread is narrowing - Luxury stocks are paying for the Chinese slowdown
Founded in 2022, in a short time Gruppo Florence has achieved important numbers in the luxury sector by bringing together 26 companies. Now the leap forward with Permira
The crocodile has white meat, very valuable and nutritious. But the cost is quite high and for this reason it is a niche product: here are all the curiosities
For the US, the X hour on debt is approaching and, together with the recovery of Covid in China, fuels market anxiety - Sudden slowdown in luxury
Two luxury brands celebrate their partnership by combining creativity, tradition and innovation in a bottle of Whiskey (Bowmore ARC-52: The 'Mokume Edition') at auction in London on May 26th
Luxury is the protagonist these days in international squares. Geneva, on the other hand, is a city dedicated to timepieces and jewels. Exceptional catalogs for Christie's, Sotheby's, and Phillips auction houses that confirm trends
Richemont is queen of the Stock Exchange and drags the luxury stocks with it to the European markets. From the sirens of Arnault for the purchase of Cartier to the advances of Kering: the demand for jewelry and watches is growing
Piazza Affari is about to close the stock market week in style, waiting for Fitch's verdict
On the track, the Rossa hasn't won a Drivers' World Championship since 2007 but on the Stock Exchange its success is amazing to the point of having outclassed even Stellantis in terms of capitalisation. In 2015 a suction was worth 52 dollars: today 293 dollars with…
Renzo Rosso, President and Founder of the OTB Group, met the students of Luiss and for the occasion the Venetian entrepreneur brought his professional and life testimony, inviting the students to believe in their abilities and stating that in…
The group headed by Bernard Arnault, according to Forbes the richest man in the world, is betting on the return of Chinese shopping. In sight the purchase of Platinum Invest in the high jewelery sector
The opening of the markets is cautious, the uncertainty between inflation and recession dominates after the US data and the minute Fed. An electric turn for the US car
The joint venture will invest in the acquisition and development of luxury and lifestyle brands in Europe, particularly in Italy, France, Switzerland and the United Kingdom
The economy restarts in China and luxury is on the rise. The Chinese are ready to spend the savings of the pandemic and Pictet sees multiples on the rise
Operating profits exceed 2021, turnover boom - Louis Vuitton flies, positive results for all divisions - Dividend of 12 euros - Arnault: "Let's start 2023 with confidence"
Preliminary data from Salvatore Ferragamo indicate a good recovery in sales. Asia turnover always in first place despite China. Clothing grows
This year the hydrogen boat for the Ameica Cup will be launched. In 2024 the 50-meter will arrive with low environmental impact services on board. The objectives in the “Road to 2030” strategy will be achieved
In the fourth quarter, revenues increased 8% to $5,4 billion. Stock up in Zurich
Lvmh, Hermès, Kering, Richemont: the greats of France beat the competition from Silicon Valley. But Italy has its cards to play: here's what they are
The Abruzzo-based company joins the 21 realities of the Italian luxury production center led by Francesco Trapani. For the Florence Group, the acquisition of another 8 companies is in sight by 2023
Made in Italy design is the most popular gift among celebrities all over the world. From the D&G oven to the Rubelli armchair, here are the most appreciated gifts according to the Milanese architect and journalist Franca Rottola
Antoine Arnault, who takes over from Sidney Toledano, has also been appointed deputy chairman of the board of directors of the holding company that holds the largest number of LVMH shares
The Italian company produces high-end jewelery in the Piedmontese district of Valenza where the largest production site in the sector in Europe is growing
Interest in the luxury segment does not seem to stop, on the contrary. Fashion and investment hand in hand with collecting. 2022 confirms a decidedly positive trend for the entire "luxury" sector, first and foremost watchmaking, vintage cars and designer jewellery...
This is the largest acquisition in Estée Lauder's history. Marcolin puts up 250 million and takes the perpetual license on eyewear, the clothing and accessories division from Zegna
According to the Altagamma Observatory, the trend will continue to grow until at least 2030. Lunelli: the top of the range becomes the driving force for the Italian economy
A positive end to the week is in the offing for the European stock exchanges. On Wall Street, rising opening is expected but cryptocurrencies collapse. Bond yields are down