Explore

Reuters Reuters
Gucci beat sparks Kering rally as luxury rivals fail to impress

Gucci beat sparks Kering rally as luxury rivals fail to impress

July 29 (Reuters) - Shares in Kering surged as much as 11% after flagship brand Gucci delivered better-than-expected quarterly sales, lifting hopes that CEO Luca de Meo's turnaround efforts are gaining traction even as results from rivals left the market cold.
Reuters Reuters
Kering shares surge after results show signs of Gucci recovery

Kering shares surge after results show signs of Gucci recovery

July 29 (Reuters) - Shares in Kering rose 11% on Wednesday, on track for their best trading day since mid-February, after quarterly sales at the luxury group's flagship brand Gucci beat market expectations thanks to strong U.S. demand for its new handbags.
Reuters Reuters
Gucci's quarterly sales beat set to boost Kering shares

Gucci's quarterly sales beat set to boost Kering shares

July 29 (Reuters) - Shares in Kering were poised to rise 10% on Wednesday, after quarterly sales at the luxury group's flagship brand Gucci beat market expectations thanks to strong U.S. demand for its new handbags.
Reuters Reuters
Birkin bag maker Hermes delivers modest sales improvement

Birkin bag maker Hermes delivers modest sales improvement

By Dominique Patton PARIS, July 29 (Reuters) - Hermes reported a slight acceleration in growth in the second quarter on Wednesday, as the impact from the Middle East conflict eased and tourism recovered in France.
Reuters Reuters
LVMH fails to reassure on luxury recovery, shares fall

LVMH fails to reassure on luxury recovery, shares fall

July 28 (Reuters) - Shares in LVMH slipped 1.5% on Tuesday after the French luxury giant's second-quarter results failed to reassure investors that a broader recovery in luxury demand was firmly underway, despite signs of improvement at its key fashion and leather goods division.
Reuters Reuters
European shares fall as mixed luxury company earnings weigh

European shares fall as mixed luxury company earnings weigh

By Purvi Agarwal, Tharuniyaa Lakshmi and Avinash P July 29 (Reuters) - European shares edged lower on Wednesday, as diverging results from French luxury groups weighed on the broader sector, while investors stayed on the sidelines ahead of the Federal Reserve's monetary policy decision and earnings
Reuters Reuters
Gucci sales decline slows in boost for Kering's turnaround efforts

Gucci sales decline slows in boost for Kering's turnaround efforts

By Dominique Patton PARIS, July 28 (Reuters) - Sales at Kering's flagship brand Gucci fell 2% in the second quarter from a year earlier, the luxury group said on Tuesday, beating expectations for a bigger drop as U.S. demand for its new handbags offset weaker spending elsewhere.
Reuters Reuters
European shares slip as tech weakness offsets Kering boost

European shares slip as tech weakness offsets Kering boost

By Purvi Agarwal and Tharuniyaa Lakshmi July 29 (Reuters) - European shares slipped in choppy trading on Wednesday, even after robust results from Kering, as a nervous market shunned technology stocks ahead of a slew of upcoming U.S.
Trendline Trendline
Kering Group Reports Growth in Q2 2026 as Turnaround Strategy Shows Results

Kering Group Reports Growth in Q2 2026 as Turnaround Strategy Shows Results

Kering Group Reports Growth in Q2 2026 as Turnaround Strategy Shows Results
Reuters Reuters
Birkin bag maker Hermes posts 7% rise in quarterly sales

Birkin bag maker Hermes posts 7% rise in quarterly sales

By Dominique Patton PARIS, July 29 (Reuters) - French luxury group Hermes reported a slight acceleration in growth in the second quarter on Wednesday, as the impact from the Middle East conflict eased and tourism recovered in France.
Reuters Reuters
As fashion stumbles, jewellery will help shape luxury's winners

As fashion stumbles, jewellery will help shape luxury's winners

By Dominique Patton and Lisa Jucca PARIS, July 27 (Reuters) - As luxury groups grapple with weak fashion sales and a hit to spending from the Middle East conflict, investors are increasingly focused on one question: who sells enough jewels?
Reuters Reuters
LVMH sales tick up as US luxury demand offsets hit from Iran war

LVMH sales tick up as US luxury demand offsets hit from Iran war

By Dominique Patton PARIS, July 27 (Reuters) - Sales at luxury giant LVMH edged higher in the second quarter as strong demand from affluent U.S. shoppers helped offset weaker spending in Europe, where tourism has been hit by the Iran war.