Louis Vuitton store window display in Mitsukoshi department store in Tokyo, Japan, on Friday, April 4, 2025. Bloomberg | Getty Images Shares of LVMH plunged 8% on Tuesday morning after the world’s largest luxury group posted an unexpected decline in first-quarter sales. The company reported a 3% year-on-year fall in first-quarter sales in a trading update published…
A customer carries merchandise from a Hermes store on Feb. 14, 2025. Scott Olson | Getty Images Europe’s beloved luxury brands may be largely sheltered from the initial effects of sweeping U.S. tariffs, but the risks of a wider economic downturn spell bad news for the sector’s long-awaited recovery. Shares of European luxury stocks LVMH,…
The logo of an Aston Martin car is being seen at the 14th annual Yorkville Exotic Car Show on Fathers Day, June 16, 2024, in Toronto, Ontario. Nurphoto | Nurphoto | Getty Images Shares of Britain’s Aston Martin jumped 13% on Monday after the luxury carmaker said it will raise more than £125 million ($161.7…
A piece of Paris has landed in New York City. French luxury retailer Printemps officially opened its first U.S. store this week in the city’s Financial District. The retailer celebrated its opening on Friday, which coincided with the start of spring — its namesake. The 55,000-square-foot store spans two floors and carries a wide range…
A photograph taken on April 23, 2024 shows a view of the new Louis Vuitton luxury shop belonging to French luxury group LVMH Moet Hennessy Louis Vuitton SA, on the Champs Elysee avenue in Paris. Julien De Rosa | Afp | Getty Images Shares of LVMH retreated on Wednesday after slightly better-than-expected annual results from…
A slump in Chinese consumer confidence is holding Sanlam investments’ Hannah Gooch-Peters back from buying luxury stocks like LVMH. Speaking to CNBC’s Silvia Amaro, the portfolio manager said she would need a “larger margin of safety” before investing in the world’s largest luxury group. “A lot of these European companies were really deriving their growth…
AFP | | Posted by Akanksha Agnihotri Oct 28, 2024 05:46 PM IST NEOM unveils Sindalah island, featuring luxury amenities, as part of a vision for tourism and development despite challenges ahead. Saudi Arabia’s planned futuristic mega-city known as NEOM announced on Sunday the opening of its “first physical showcase”: a luxury Red Sea island…
