Shares slumped on industry bellwether LVMH failing to meet the bar set by rivals in recent weeks, denting hopes of a recovery ...
Shares of ASML jumped 10.6% after the Dutch company reported better-than-expected fourth-quarter bookings of 7.088 billion ...
Hedge funds have turned optimistic about European companies that sell things people want but don't necessarily need, ...
European luxury shares soared on Thursday as Cartier owner Richemont's third-quarter sales beat revived optimism for the ...
Shares in European luxury companies rose after the Swiss luxury group reported sales that surpassed analysts’ projections, ...
French stocks are down in negative territory Wednesday morning, weighed down by losses in the luxury sector as industry major LVMH's ...
European stocks rose to hit their highest level in a month on Thursday as heavyweight luxury companies were boosted by buoyant sales from Swiss group Richemont. The broad-based Stoxx 600 index rose 0.
European shares are trading near their largest discount on record to the S&P 500 index, at a forward price-to-earnings ratio ...
The watchmaker faces challenges due to its strong dependence on China, where luxury spending has taken a significant hit.
The stock jumped more than 17% to 163.60 Swiss francs in European morning trading, its biggest one-day percentage gain ever. Luxury bellwether LVMH rose 8.4%, while French peers Kering and Hermes ...
Richemont stock rose almost 16% in Swiss trading, sending shares of Burberry, LVMH, Kering, and Hermes higher in European trading. European luxury shares jumped Thursday after Cartier parent ...
European stocks rose to the highest level in over a month on Thursday, lifted by the luxury and technology sectors as a double-digit jump in Richemont’s sales and an upbeat outlook by Taiwan ...