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Richemont Builds Steam as Jewelry Shines Again
WSJ· 2026-01-15 06:32
Group 1 - The Swiss group, which includes luxury brands such as Cartier and Van Cleef & Arpels, reported a sales growth of 11% [1]
Richemont maintained strong momentum with sales up 11% at constant rates for its third quarter ended 31 December 2025
Globenewswire· 2026-01-15 06:00
Core Viewpoint - Richemont reported strong sales growth of 11% at constant exchange rates for the third quarter ended 31 December 2025, driven by robust performance across all regions and business areas [2][5][7]. Sales Performance - Total sales for the quarter reached €6.4 billion, reflecting an 11% increase at constant exchange rates and a 4% increase at actual rates [7]. - Sales by region showed significant growth: - Europe: €1.55 billion, up 8% at constant rates [3] - Asia Pacific: €1.87 billion, up 6% at constant rates [3] - Americas: €1.74 billion, up 14% at constant rates [3] - Japan: €632 million, up 17% at constant rates [3] - Middle East & Africa: €607 million, up 20% at constant rates [3] Distribution Channels - Retail sales grew by 12%, accounting for 72% of total group sales, while wholesale sales increased by 9% [9][7]. - Online retail sales rose by 5%, primarily driven by the Jewellery Maisons [9]. Business Areas - Jewellery Maisons achieved a 14% increase in sales, with strong performances across all channels and regions [10]. - Specialist Watchmakers recorded a 7% increase in sales, marking a second consecutive positive quarter [10]. - The "Other" business area, which includes Fashion & Accessories Maisons, saw stable sales with a 3% increase [10]. Financial Position - The group reported a net cash position of €7.6 billion as of 31 December 2025, slightly down from €7.9 billion in the previous year [11].
Hermès International : Shares and voting rights as of 31st December 2025
Globenewswire· 2026-01-14 17:00
RELEASE Paris, January 14, 2026 INFORMATION RELATING TO THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES COMPRISING THE SHARE CAPITAL In accordance with the provisions of Article L. 233-8 of the French Commercial Code (Code de commerce) and Article 223-16 of the General Regulations of French Autorité des Marchés Financiers (AMF), Hermès international publishes each month, before the 15th day of the following month, the total number of voting rights and the number of shares comprising the share capital if they h ...
Chanel, Kering top luxury who's who of Saks Global unsecured creditors
Reuters· 2026-01-14 13:16
French luxury brand Chanel and Gucci owner Kering top the list of unsecured creditors of bankrupt U.S. department store Saks Global, with claims of $136 million and $60 million respectively, court do... ...
Sweden urges EU ban on support to Russian oil, gas-shipping fleet
Reuters· 2026-01-12 13:16
The European Union should ban companies from providing any support to Moscow's oil and gas-shipping fleet, introduce sanctions against Russian fertilisers and stop luxury goods exports to Russia, Swed... ...
Saks woes cloud cashmere king Cucinelli's department store bet
Reuters· 2026-01-09 06:03
Core Viewpoint - Italian luxury brand Brunello Cucinelli is heavily invested in department stores, a strategy that is currently under scrutiny as the iconic U.S. retailer Saks faces challenges [1] Company Summary - Brunello Cucinelli is recognized for its high-end products, such as $3,000 cashmere sweaters, indicating a strong positioning in the luxury market [1] - The brand's strategy to focus on department stores highlights its reliance on traditional retail channels amidst changing consumer behaviors [1] Industry Summary - The luxury retail sector is experiencing significant shifts, with established players like Saks struggling, which may impact the overall market dynamics for luxury brands [1] - The performance of department stores is critical for luxury brands, as they navigate the challenges posed by evolving shopping trends and consumer preferences [1]
Hermès International: Situation of the liquidity contract as of December 31, 2025
Globenewswire· 2026-01-08 17:00
Paris, 08 January 2026 HALF YEARLY SITUATION OF THE LIQUIDITY CONTRACT In connection with the liquidity contract signed between Hermès International and BNP Paribas, outstanding means as of the trading date of December 31, 2025, amounted to: . 4,618 shares Hermès International . €15,708,069 During the 2nd half of the year, total trades were: Buy: 73,749 shares, (2,816 transactions) €159,697,360Sell: 72,547 shares, (3,444 transactions) €157,514,941 As of the previous half yearly situation (as of June 3 ...
Kering: Half-yearly achievement report on Kering share quotations liquidity mandate
Globenewswire· 2026-01-07 14:36
Press release - half yearly achievement report on Kering share quotations liquidity mandate - December 2025 PRESS RELEASE January 7, 2026 HALF-YEARLY ACHIEVEMENT REPORT ON KERING SHARE QUOTATIONS LIQUIDITY MANDATE Pursuant to the liquidity mandate granted by Kering to Rothschild Martin Maurel, the following assets appeared on the liquidity account as of December 31st, 2025: 0 share€26,758,628 Number of executions on buy side during the semester: 19,886Number of executions on sell side during the semester: 1 ...
The 7 most overlooked CEOs in 2025—and the 5 to watch in 2026
Yahoo Finance· 2026-01-07 13:30
Group 1: General Motors (GM) - GM has demonstrated strategic discipline by reducing electric vehicle investments, ending a $10 billion robotaxi program to save $1 billion annually, and refocusing on personal vehicles and Super Cruise [1] - Under CEO Mary Barra, GM is expected to lead U.S. sales among all manufacturers for 2025 following a year of volatility after the announcement of "Liberation Day" [2] Group 2: Citigroup - Citigroup has transformed under CEO Jane Fraser's "Project Bora Bora," with full-year revenues tracking toward $84 billion, the highest since 2010, and all five business segments hitting quarterly records [4] - The stock performance is the best among major U.S. banks, up 67%, trading above tangible book value for the first time in a decade, and Fraser was elected Chair of the Citigroup Board of Directors [3] Group 3: Eli Lilly - Eli Lilly became the first trillion-dollar pharmaceutical company, with sales of its tirzepatide drugs growing by 131% year-over-year, capturing 63% of all branded anti-obesity prescriptions [8] - The company announced a $27 billion investment in four new U.S. manufacturing plants, the largest pharmaceutical commitment in U.S. history, driving the stock up 39% for the year [10] Group 4: Amphenol - Amphenol delivered record sales and earnings in every quarter of 2025, with revenues surging over 50% year-over-year, driven by organic growth in the IT datacom market [12] - The company's acquisition strategy has been effective, acquiring over 50 companies in the past decade, including a $10.5 billion deal to expand fiber-optic capabilities [13] Group 5: Freeport-McMoRan - Freeport-McMoRan achieved a 34% increase in performance, benefiting from the copper Supercycle, with copper prices reaching $12,000 per ton [14] - Despite a tragic mudslide halting production at the Grasberg mine, the company’s diversified portfolio showed resilience, with significant income increases from other mines [15] Group 6: Ralph Lauren - Ralph Lauren transformed from a discount-dependent retailer to a luxury brand, with average unit retail prices doubling and market capitalization reaching an all-time high of $20 billion [16] - Revenues rose 7% to $7.1 billion in fiscal year 2025, with adjusted operating margins expanding 150 basis points to 14% [17] Group 7: Boeing - Boeing delivered 537 aircraft as of November 2025, up from 348 in 2024, and increased production targets for the 787 [19] - The company completed its acquisition of Spirit AeroSystems, enhancing control over production and maintaining a backlog of $640 billion [20] Group 8: Starbucks - Starbucks reached positive comparable sales for the first time in seven quarters under CEO Brian Niccol's "Back to Starbucks" strategy [23] - The company has undergone significant reorganization, including workforce reductions and store closures, while focusing on improving customer experience [24] Group 9: Nike - Nike has prioritized performance improvement across sports, launching successful products and initiatives that have driven over 20% growth in the running category [27] - The company has also strengthened wholesale channels, with revenue accelerating by 8% to $7.5 billion in the latest quarter [28] Group 10: Target - Target is at a pivotal moment with incoming CEO Michael Fiddelke, who has already acted decisively with an 8% workforce reduction [30][33] - The company has a solid foundation with a $100 billion omnichannel business, but faces challenges including market share losses and a vulnerable product mix [31][32] Group 11: Disney - Disney has fortified its position as a streaming powerhouse, with nearly 200 million subscribers and a turnaround from $4 billion in annual losses to profitability [34] - The company has faced challenges but has shown strong performance in box office sales and capital investments in parks and cruise divisions [35]
LVMH Promotes Three Human Resources Executives
Yahoo Finance· 2026-01-06 16:00
LVMH Moët Hennessy Louis Vuitton’s reputation for grooming talents and promoting from within extends to its human resources department. On Tuesday, the French luxury giant announced a trio of leadership appointments across geographies and business divisions. More from WWD Paula Fallowfield was named chief people officer for LVMH Americas, effective April 1. She will be based in New York and report to Maud Alvarez-Pereyre, chief human resources officer at LVMH. According to an internal announcement seen ...