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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

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.

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.

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.

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.

The Latest: Israel and Lebanon hold rare talks as US-Iran standoff deepens

The Latest: Israel and Lebanon hold rare talks as US-Iran standoff deepens

Lebanon and Israel are holding their first direct talks in decades

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

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

War is over for Wall Street, while oil drags down bonds and gold

War is over for Wall Street, while oil drags down bonds and gold

By Alun John, Sophie Kiderlin and Lucy Raitano LONDON, April 14 (Reuters) - As the conflict in the Middle East edges towards its eighth week, financial markets are starting to diverge.

How a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy

How a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy

A blockade of Iranian ports that President Donald Trump said began Monday could further disrupt oil prices

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

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