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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.
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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.
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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.
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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.
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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
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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.
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European shares edge up on commodities boost; tech drags after SK Hynix miss

European shares edge up on commodities boost; tech drags after SK Hynix miss

July 29 (Reuters) - European shares edged higher on Wednesday, led by miners and energy stocks, as investors tracked developments in the Middle East and awaited earnings from major U.S. technology companies. The pan-European STOXX 600 rose 0.35% to 648.54 points by 0704 GMT.
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Philips falls 9% as weak orders, China concerns overshadow outlook hike

Philips falls 9% as weak orders, China concerns overshadow outlook hike

By Lucie Barbier and Alessandro Parodi July 28 (Reuters) - Philips shares fell 9% on Tuesday after the healthcare technology group reported weaker-than-expected orders and warned of a more challenging environment in China, overshadowing an improved full-year margin outlook.
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European shares subdued as earnings boost counters tech slide

European shares subdued as earnings boost counters tech slide

July 28 (Reuters) - European shares were subdued on Tuesday as a global selloff in technology stocks was balanced by earnings-driven gains in luxury and consumer stocks, with lower oil prices lending additional support. The pan-European STOXX 600 index held its ground at 645.32, as of 0703 GMT.
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LVMH Reports 1% Growth in Fashion Sales, Signaling Recovery After Prolonged Decline

LVMH Reports 1% Growth in Fashion Sales, Signaling Recovery After Prolonged Decline

LVMH Reports 1% Growth in Fashion Sales, Signaling Recovery After Prolonged Decline
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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?
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Factbox-Shein reveals financials, valuation in Hong Kong IPO filings

Factbox-Shein reveals financials, valuation in Hong Kong IPO filings

HONG KONG, July 27 (Reuters) - Online fast-fashion retailer Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on small packages and a hefty one-time accounting charge.