L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
finance
Financial Markets
Coach Beats Forecasts
Coach Inc. has reported fiscal third-quarter net income of $112.5 million.
Coach Beats Forecasts
Coach Inc. has reported fiscal third-quarter net income of $112.5 million.
Financial Markets
Kering Misses Estimates, YSL Still Star Performer
Kering SA reported first-quarter revenue that trailed analysts’ estimates as slowing tourism flows weighed on demand in Europe.
Kering Misses Estimates, YSL Still Star Performer
Kering SA reported first-quarter revenue that trailed analysts’ estimates as slowing tourism flows weighed on demand in Europe.
Financial Markets
Under Armour's Quarterly Revenue Jumps 30 percent
Under Armour Inc posted a 30 percent jump in quarterly revenue, helped by strong demand for its sports apparel and launches of new running and basketball shoes.
Under Armour's Quarterly Revenue Jumps 30 percent
Under Armour Inc posted a 30 percent jump in quarterly revenue, helped by strong demand for its sports apparel and launches of new running and basketball shoes.
Financial Markets
N Brown Says Trading in New Financial Year Subdued
British plus-size fashion retailer N Brown Group Plc expects a hit of about £3 million on full-year profit before tax in the new financial year, and said trading so far has been subdued.
N Brown Says Trading in New Financial Year Subdued
British plus-size fashion retailer N Brown Group Plc expects a hit of about £3 million on full-year profit before tax in the new financial year, and said trading so far has been subdued.
Financial Markets
Beyonce Seen Boosting Zalando After Muted Start to 2016
Zalando said the launch of a new sports label by Beyonce had boosted sales since the Easter holidays after revenue grew less rapidly than expected in the first quarter.
Beyonce Seen Boosting Zalando After Muted Start to 2016
Zalando said the launch of a new sports label by Beyonce had boosted sales since the Easter holidays after revenue grew less rapidly than expected in the first quarter.
Financial Markets
European Shares Hit One-Month High, L'Oreal Leads
L'Oreal rose 4.6 percent, the top gainer in the FTSEurofirst 300 index, as the French cosmetics company pledged to outperform the market in 2016 and confirmed its ambition to achieve another year of sales and profit growth after first-quarter sales rose more than expected.
European Shares Hit One-Month High, L'Oreal Leads
L'Oreal rose 4.6 percent, the top gainer in the FTSEurofirst 300 index, as the French cosmetics company pledged to outperform the market in 2016 and confirmed its ambition to achieve another year of sales and profit growth after first-quarter sales rose more than expected.
Financial Markets
AB Foods Sees Relief from Currency Pressures as Profit Rises
Associated British Foods, owner of the Primark clothing chain, beat forecasts with a 3 percent rise in first-half profits and said currency pressures that had held back its performance were starting to ease.
AB Foods Sees Relief from Currency Pressures as Profit Rises
Associated British Foods, owner of the Primark clothing chain, beat forecasts with a 3 percent rise in first-half profits and said currency pressures that had held back its performance were starting to ease.
Financial Markets
L'Oreal Sales Rise 1.8 Percent as Developed Markets Hold Up
French cosmetics maker L'Oreal says its sales edged up 1.8 percent in the first three months of the year to 6.55 billion euros ($7.41 billion) as gains in its main markets in Western Europe and North America offset a decline in Latin America.
L'Oreal Sales Rise 1.8 Percent as Developed Markets Hold Up
French cosmetics maker L'Oreal says its sales edged up 1.8 percent in the first three months of the year to 6.55 billion euros ($7.41 billion) as gains in its main markets in Western Europe and North America offset a decline in Latin America.
Financial Markets
Few Signs of Relief for Troubled US Apparel Retailers
Analysts expect several months of falling or barely-growing revenues from Gap, American Eagle Outfitters and other US mall mainstays.
Few Signs of Relief for Troubled US Apparel Retailers
Analysts expect several months of falling or barely-growing revenues from Gap, American Eagle Outfitters and other US mall mainstays.
Financial Markets
Bulgari Sees Brighter Prospects for Second Half of Year
Bulgari chief executive Jean-Christophe Babin sees growth picking up in the second half of the year after sales suffered following the terror attacks in Paris in November.
Bulgari Sees Brighter Prospects for Second Half of Year
Bulgari chief executive Jean-Christophe Babin sees growth picking up in the second half of the year after sales suffered following the terror attacks in Paris in November.
Financial Markets
Lower Tourist Spending Checks Burberry Sales Growth
British luxury fashion brand Burberry said tough conditions would hit profit in the year ahead after a drop in tourist spending in continental Europe and weak demand in Hong Kong depressed sales in recent months.
Lower Tourist Spending Checks Burberry Sales Growth
British luxury fashion brand Burberry said tough conditions would hit profit in the year ahead after a drop in tourist spending in continental Europe and weak demand in Hong Kong depressed sales in recent months.
Financial Markets
Burberry Sees Profit Setback Amid Declining Luxury-Goods Demand
Burberry Group Plc said earnings this year will be at the low end of analysts’ estimates as the company struggles to cope with ebbing demand in Hong Kong and Europe.
Burberry Sees Profit Setback Amid Declining Luxury-Goods Demand
Burberry Group Plc said earnings this year will be at the low end of analysts’ estimates as the company struggles to cope with ebbing demand in Hong Kong and Europe.
The News in Brief
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.