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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.
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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.
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Gucci sales extend falls as Iran war clouds de Meo turnaround

Gucci sales extend falls as Iran war clouds de Meo turnaround

PARIS, April 14 (Reuters) - Sales at Kering's Italian flagship brand Gucci dropped by 8% in the first quarter from the previous year, the 33 billion euro ($39 billion) fashion group said on Tuesday in what it called a "first step" in its recovery.
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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.
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Hermes shares sink as Iran war hits Middle East sales, tourism

Hermes shares sink as Iran war hits Middle East sales, tourism

By Helen Reid April 15 (Reuters) - Shares in French luxury group Hermes sank 14% at the open on Wednesday after it said the Iran war hit sales in the Middle East as well as in Europe, with fewer tourists visiting Paris or London and buying designer items.
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Luxury brands book sales drop as Mideast war takes toll on airport shopping

Luxury brands book sales drop as Mideast war takes toll on airport shopping

By Arriana McLymore, Helen Reid and Tassilo Hummel NEW YORK/LONDON/PARIS, April 15 (Reuters) - From DFS to Avolta, duty-free stores selling premium perfumes and spirits to big spenders are feeling the pinch as conflict in the Middle East shuts airports and curbs travel to the region, a setback
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European shares flat as investors weigh corporate earnings; Middle East in focus

European shares flat as investors weigh corporate earnings; Middle East in focus

April 15 (Reuters) - European shares were muted on Wednesday following the previous day's rally, as investors evaluated a range of corporate earnings reports while monitoring the evolving situation in the Middle East. The pan-European STOXX index edged up 0.05% to 620.24 points as of 0715 GMT.
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Luxury Brands Face Potential U.S. Impact from Middle East Instability

Luxury Brands Face Potential U.S. Impact from Middle East Instability

Luxury Brands Face Potential U.S. Impact from Middle East Instability
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Gucci Reports 8% Sales Decline in Q1 Amid Broader Luxury Market Challenges

Gucci Reports 8% Sales Decline in Q1 Amid Broader Luxury Market Challenges

Gucci Reports 8% Sales Decline in Q1 Amid Broader Luxury Market Challenges
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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
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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
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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