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Lvmh ceo bernard arnault calls money laundering reports ‘absurd'

The CEO of luxury conglomerate LVMH reportedly dismissed money laundering allegations against him. The ...

October 2, 2023, 1:29 pm

Prada: softer outlook and still high market multiples

Prada's ADR has seen a 23% drop since April on a weakening sentiment for the luxury sector. This is des...

September 30, 2023, 9:57 pm

Report: lvmh ceo bernard arnault faces money laundering investigation

French billionaire Bernard Arnault, the CEO of luxury conglomerate LVMH Moet Hennessy Louis Vuitton SE,...

September 29, 2023, 3:43 pm

The realreal shares go out of style on cfo's exit

The RealReal shares tumbled on Friday on the news its finance chief Robert Julian will be stepping down from his role as the company attempts to retur...

September 29, 2023, 1:18 pm

Aston martin shares rev up as lawrence stroll ups stake

Aston Martin Lagonda Global Holdings PLC (LSE:AML) shares revved up on Friday morning, as Lawrence Stroll's Yellow Tree Consortium upped its majority ...

September 29, 2023, 4:02 am

Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets

China Evergrande Group sold its luxury superyacht for about $32 million earlier this year, said two sou...

September 29, 2023, 1:12 am

Walmart apparel evp: we can make luxury fashion affordable

Consumers are increasingly prioritizing convenience when making shopping decisions, leading to the rise of the “one-stop shop” concept. Retailers ...

September 28, 2023, 4:02 am

Analyst sees 'very, very cheap' stocks in the 'bashed up' luxury sector

Jon Cox, head of European consumer equities at Kepler Cheuvreux believes there are many "very, very cheap" stocks right now in the...

September 27, 2023, 12:57 pm

Singapore’s bank investigates s$2.4bn money laundering scandal

In one of the largest anti-money laundering operations, the Singapore police arrested and charged 10 foreigners. The authorities laid their hands on S...

September 27, 2023, 10:40 am

Burberry outlook uncertain as luxury headwinds mount, say brokers

Burberry's first-half sales should have risen by around 7%, according to analysts at Barclays, with 4% growth in the second quarter. Interims are due ...

September 27, 2023, 9:10 am

Luxury erase year=to-date gains: lvmh, kering, richemont

Luxury retail stocks, such as brands LVMH (MC.PA), Kering (KER.PA), and Richemont (CFR.SW), have fallen off tremendously, reversing their year-to-date...

September 26, 2023, 1:33 pm

Burberry price target cut on lower growth forecasts

Burberry Group PLC (LSE:BRBY) shares have been marked 2,2% lower after Morgan Stanley (NYSE:MS) cut its price target for the...

September 26, 2023, 10:01 am

Mercedes, bmw stand to lose most in china ev battle

The European Union's probe into Beijing's electric-vehicle subsidies may leave Germany's luxury automak...

September 26, 2023, 5:27 am

Envela corporation: a 'hold' with potential

Envela Corporation specializes in reselling and recycling pre-owned jewelry and electronics and has a strong management team and growing customer base...

September 25, 2023, 9:09 pm

Peloton stock: next stop, $4?

Shares of Peloton hit a new all-time low on Friday. Metrics are going the wrong way, and it's hard for a luxur...

September 25, 2023, 11:55 am

Richemont have been 'clear they are not for sale,' says fund manager

Swetha Ramachandran, fund manager at Global Equities Artemis, discusses the luxury sector and what move...

September 22, 2023, 11:06 am

Farfetch: negative sentiment but this company has strengths

Farfetch is well positioned in the luxury market and protected by barriers to entry. However, their fin...

September 22, 2023, 9:31 am

French equities: luxury goods fuel the cac 40 sentiment index

87.3% of the traded derivatives were on indices, 9.1% on currency pairs, 2.7% on commodities, 0.8% on equities and 0.1% on cryptocurrencies, with the ...

September 22, 2023, 8:44 am

Toyota to speed up ev production, aims for over 600,000 units in 2025 - nikkei

Toyota Motor will speed up production of electric vehicles (EVs) of its Toyota and luxury Lexus brands,...

September 22, 2023, 4:32 am

Only two luxury stocks make the grade in jefferies' coverage relaunch

Bullish stock picks are as rare as a diamond and sapphire-set Rolex Submariner, if Jefferies' relaunched luxur...

September 20, 2023, 11:21 am


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