LVMH’s US Weakness Weighs on Sales as China Rebounds
LVMH’s US sales declined in the second quarter as a sluggish economy deterred some shoppers from buying its
2023-07-26 02:47
LVMH to Sponsor Paris Olympics in a First for Luxury Group
LVMH agreed to become a premium sponsor of the 2024 Summer Olympics in Paris in the first deal
2023-07-25 14:53
Remy Cointreau Sales Drop 35% as US Cognac Demand Skids
Remy Cointreau SA said first quarter sales fell sharply, as expected, with US consumption of cognac dropping to
2023-07-25 13:46
Euro-Zone Private Sector Contracts in Dire Start to Quarter
The euro-area private-sector economy contracted more than anticipated in July, with order inflows and output expectations pointing to
2023-07-24 16:24
Top Euro-Area Economies Flash Recession Warning Signals
Germany and France kicked off the third quarter with contractions in their private-sector economies, with sustained weakness in
2023-07-24 15:54
China’s Xi to Host Indonesia’s Jokowi, Other Leaders in Chengdu
Chinese President Xi Jinping will start a two-day visit to the southwestern city of Chengdu on Thursday, opening
2023-07-24 11:20
Most Expensive Euro on Record Has Traders Braced for Declines
By some measures, the euro is at its most expensive level on record, potentially setting itself up for
2023-07-23 15:16
Fed Readies Another Rate Hike in Pivotal Week for Central Banks
The world’s major central banks meet in the coming week to set monetary policy amid continued signs that
2023-07-23 04:21
Ray-Ban Maker Accused in Lawsuit of Inflating Prices 1,000%
The French-Italian owner of the Ray-Ban and Oakley eyewear brands was sued for allegedly scheming with competitors to
2023-07-22 09:20
From Luxury to Food, Spending Power in Focus in Upcoming European Earnings
Richemont’s wake-up call for luxury watchers this week raises the ante for LVMH, L’Oreal SA and Gucci-owner Kering
2023-07-21 15:51
Paris success in attracting London banks boosts balance of payments
PARIS France's post-Brexit success in attracting banks from London to Paris has exceeded expectations and is increasingly showing
2023-07-20 18:47
Paris Housing Prices Extend Drop to Lowest Level in Four Years
Paris home prices slumped to the lowest level in four years as rising interest rates extended a downturn
2023-07-20 16:47