Explore

Reuters Reuters
LVMH flags sales impact of Iran war in blow to hopes for luxury revival

LVMH flags sales impact of Iran war in blow to hopes for luxury revival

PARIS, April 13 (Reuters) - French luxury giant LVMH suffered a heavy impact from the Middle Eastern conflict https://www.reuters.com/world/iran/, it said on Monday, as sales fell in the Gulf and many rich tourists from the region also stopped spending in Europe.
Reuters Reuters
Exclusive-Luxury brands face profits squeeze as Iran conflict shrinks Dubai Mall sales

Exclusive-Luxury brands face profits squeeze as Iran conflict shrinks Dubai Mall sales

By Tassilo Hummel and Helen Reid PARIS, April 13 (Reuters) - Sales at Europe's biggest luxury brands have shrunk in Dubai and Abu Dhabi as the Iran conflict https://www.reuters.com/world/iran/ hit the sector's fastest-growing market in the latest setback for the $400 billion industry whose value has
Reuters Reuters
Analysis-After tackling Kering's debt problems, de Meo faces the Gucci challenge

Analysis-After tackling Kering's debt problems, de Meo faces the Gucci challenge

By Tassilo Hummel MILAN, April 14 (Reuters) - Seven months into the job, Luca de Meo has bought himself time as CEO of Gucci owner Kering. This week he has to prove he knows how to use it.
Reuters Reuters
LVMH shares fall after Iran war hits first-quarter sales

LVMH shares fall after Iran war hits first-quarter sales

By Helen Reid April 14 (Reuters) - Shares in French luxury goods group LVMH fell as much as 3% on Tuesday after first-quarter sales were hit as the war in Iran dented spending by Middle Eastern shoppers, further delaying a long-awaited recovery for the luxury sector leader.
Trendline Trendline
LVMH Faces Challenges Amidst Luxury Market Slowdown and Designer Changes

LVMH Faces Challenges Amidst Luxury Market Slowdown and Designer Changes

LVMH Faces Challenges Amidst Luxury Market Slowdown and Designer Changes
Reuters Reuters
Oil prices jump 6% to above $100 a barrel on US blockade of Iran

Oil prices jump 6% to above $100 a barrel on US blockade of Iran

By Scott DiSavino NEW YORK, April 13 (Reuters) - Oil prices jumped about 6% to more than $100 a barrel on Monday after the U.S. military said it will blockade ships leaving Iran's ports nL6N40V09S, while Tehran threatened to retaliate against its Gulf neighbours' ports, raising fears of more energy
Trendline Trendline
Luxury Sector Faces Challenges Amid Geopolitical Instability and Market Slowdown

Luxury Sector Faces Challenges Amid Geopolitical Instability and Market Slowdown

Luxury Sector Faces Challenges Amid Geopolitical Instability and Market Slowdown
Trendline Trendline
Luxury Retailers Face Mixed First-Quarter Earnings Amid Global Challenges

Luxury Retailers Face Mixed First-Quarter Earnings Amid Global Challenges

Luxury Retailers Face Mixed First-Quarter Earnings Amid Global Challenges
Reuters Reuters
Factbox-From airlines to banks: Australian, New Zealand firms feel Gulf crisis heat

Factbox-From airlines to banks: Australian, New Zealand firms feel Gulf crisis heat

April 14 (Reuters) - Companies in Australia and New Zealand are beginning to signal the financial strain from the U.S.-Israeli war nL6N40X074 on Iran, as higher fuel prices stoke inflation, dent business and consumer confidence https://www.reuters.com/world/asia-pacific/australian-business-sentiment
Reuters Reuters
China's exports set to lose momentum as Iran war undercuts AI-driven boom: Reuters poll

China's exports set to lose momentum as Iran war undercuts AI-driven boom: Reuters poll

BEIJING, April 13 (Reuters) - China's export engine likely slowed in March as buyers chasing an AI-fuelled future confront the hard reality of war https://www.reuters.com/world/iran/ in the Middle East, which has sparked an energy shock and revived market anxiety of past Gulf conflicts.
Reuters Reuters
China's March exports slow as Iran war wipes out AI-driven gains

China's March exports slow as Iran war wipes out AI-driven gains

BEIJING, April 14 (Reuters) - China's export engine slowed in March as buyers chasing an AI-fuelled future ran into the hard reality of war https://www.reuters.com/world/iran/ in the Middle East, which has sparked an energy shock and complicated Beijing's push to keep growth on track.
AP News AP News
Iran war diverts US military and attention from Asia ahead of Trump's summit with China's leader

Iran war diverts US military and attention from Asia ahead of Trump's summit with China's leader

President Barack Obama in 2011 declared it was time to leave behind the wars in Iraq and Afghanistan and “pivot” to Asia to counter China's rise