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LVMH CEO Bernard Arnault receives leadership award at Yale CEO Summit
CNBC Television· 2025-12-17 20:51
All right, folks. Just give you now some exclusive access to something you may not get anywhere else as we are at the Yale CEO Summit in New York where Sarah sitting down with the richest person in Europe and one of the richest people in the world >> businesses. I think the future is very positive.Obviously, you have always difficult times. You have crisis. You have geopolitical crisis. You have economic crisis.that we went through many of them during the last 40 years. But at the end uh I am proud that the ...
5 International ETFs to Buy for 2026
Benzinga· 2025-12-17 17:47
Diversification is usually a winning investment strategy, and that's proven especially true in 2025 when international stocks largely outperformed U.S. equities. While the S&P 500 is up about 15% this year, stocks in Spain have surged 40%, and South Korea is up 65%.Despite the tariff woes with the U.S., its largest trading partner, Canada’s stock market has doubled the S&P 500’s stock performance this year.And all signs point to this trend continuing, and even strengthening, in 2026.Now, getting exposure to ...
X @The Wall Street Journal
The Wall Street Journal· 2025-12-16 17:37
Gucci owner Kering will receive $690 million for a majority stake in a Fifth Avenue property in a deal with private-equity group Ardian, as the luxury group continues to unload assets to bolster its finances https://t.co/gNvGo4pmFa ...
X @Bloomberg
Bloomberg· 2025-12-16 16:48
An Hermès heir, who claimed that his shares in the luxury group went missing, has set up an investment firm https://t.co/G4AsFHQv9m ...
X @Bloomberg
Bloomberg· 2025-12-16 08:22
Gucci owner Kering will get $690 million following its sale of a stake in a New York property to investment fund Ardian https://t.co/xWRdCdifAp ...
Kering sells majority stake in New York property in $900 million deal
Reuters· 2025-12-16 06:49
Kering , the owner of luxury brand Gucci, said on Tuesday it had agreed to sell a 60% stake in a prime New York property to private equity firm Ardian, raising $690 million in cash. ...
Want a Swiss luxury watch? Get in line #shorts
60 Minutes· 2025-12-15 01:28
Of course, it's a small cohort that can afford this kind of status symbol. The equivalent of a Ferrari for the wrist. And it's go to walk into a shop and just buy a watch. It's a process.>> A dance in gloves. At PC Philippe, we were shown a new model with a split second chronograph. >> Let me put it on your wrist.This is going to be nice. >> List price north of $300,000. >> If somebody said, "I love this watch. I saw this in your window." Can they walk in off the street and say, "Please, please take my cred ...
X @The Economist
The Economist· 2025-12-13 20:20
Nicolas Puech was once the largest individual shareholder in Hermès. That was until he realised that his shares in the French luxury-goods firm were nowhere to be found. Worse still, they had been missing for more than a decade https://t.co/Zkrx5olr5E ...
X @The Economist
The Economist· 2025-12-12 21:00
Company Leadership & Governance - Hermès CEO's role includes maintaining family unity [1] - Family firms require more than just business skills [1] - Potential risk exists from heirs seeking to sell their shares for cash [1]
Kering: Financial information regarding the reclassification of Kering Beauté in accordance with IFRS 5
Globenewswire· 2025-12-11 16:45
Core Insights - Kering Beauté will be reclassified as discontinued operations in the consolidated financial statements as of December 31, 2025, following the agreement with L'Oréal for its sale, expected to close in the first half of 2026 [2]. Financial Information - For H1 2025, reported revenue was €7,587 million, which will be restated to €7,439 million after excluding Kering Beauté's contribution of €148 million. In 2024, reported revenue was €17,194 million, restated to €16,874 million after excluding Kering Beauté's contribution of €320 million [2]. - The recurring operating income for H1 2025 was reported at €969 million, restated to €920 million after excluding Kering Beauté's contribution of €49 million. For 2024, reported recurring operating income was €2,554 million, restated to €2,440 million after excluding Kering Beauté's contribution of €114 million [2]. - Quarterly revenue for Q3 2025 was reported at €3,415 million, with a comparable change of -5%. After restating for Kering Beauté, the revenue was adjusted to €3,331 million, reflecting a comparable change of -6% [3]. Future Reporting - Kering Beauté's contributions will be presented separately within net income from discontinued operations, and comparative periods will be restated for consistency across reporting periods. The Group's financial indicators will be presented excluding Kering Beauté under continuing operations [8].