LIVE: What's the obsession with high-end timepieces? From gold Rolexes to used Pateks, demand remains high for luxury watches.Ask your questions in our Live Q&A https://t.co/IxTjsssEGS https://t.co/XZJGWU6MOa ...

Core Insights - Andrew Wu has been appointed as a nonexecutive director of Pop Mart, bringing two decades of experience in the Chinese market with LVMH [1][3] - Wu's appointment is for an initial term of three years, with a fixed cash compensation of 1.2 million Hong Kong dollars and share-based compensation of 1.8 million Hong Kong dollars annually [3][4] - The appointment follows a successful collaboration between Moynat and Kasing Lung, which has generated speculation about future collaborations with Louis Vuitton [5][6] Company Performance - Pop Mart's Monsters range, including Labubu, generated 4.81 billion renminbi (approximately $673 million) in the first half of 2025, marking a 668% year-over-year increase and accounting for 34.7% of the company's total revenue [7] - The significant revenue growth is attributed to the release of the "Big Into Energy" vinyl plush series and the "Wacky Mart" blind box figure toy range [8] Industry Trends - The success of the Labubu brand has attracted attention from major players like Sony Pictures, which has acquired screen rights to develop a feature film and potential franchise [8]

The CNBC app, global market news in one place. Customizable sections and personalized alerts. Stocks tracking, interactive charts, and market insights, all in your hands.Stay connected, stay informed. Download the CNBC app today. >> Good morning and welcome to Squatbox Europe.I'm Juliana Tatlebomb with Carolyn Roth and these are your headlines. The countdown is on. Markets fully price in a 25 basis point cut at today's Federal Reserve meeting.While deep divisions within the central bank put investors on edg ...

What's the obsession with high-end timepieces? From gold Rolexes to used Pateks, demand remains high for luxury watches.🎧 Tune in to our Live Q&A on December 10 at 11am ET: https://t.co/IxTjsssEGS https://t.co/hiAAcYasDL ...

RELEASE Paris, December 9, 2025 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 ...

What's the obsession with high-end timepieces? From gold Rolexes to used Pateks, demand remains high for luxury watches.🎧 Tune in to our Live Q&A on December 10 at 11am ET: https://t.co/IxTjsssEGS https://t.co/XYZRRGJnKp ...

08 décembre 2025 Information financière au 30 septembre 2025 (Premier semestre 2025-26) Au 30 septembre 2025, le chiffre d’affaires du groupe s’établit à 25,1 millions d’euros, enregistrant un recul de 1,8% par rapport au premier semestre de l’exercice précédent. Le résultat net du groupe recule de 2,6 millions d’euros par rapport au premier semestre de l’exercice précédent, s’expliquant principalement par la contraction de la marge brute (-1,8 million d’euros), ainsi que par la hausse des dépenses de com ...

Core Insights - Prada has completed the acquisition of Versace for €1.25 billion, with all regulatory checks finalized [2] - Lorenzo Bertelli, Prada's Chief Marketing Officer, has been appointed as the CEO of Versace [2] Financial Summary - Prada has secured a €1.5 billion financing agreement, which includes a €1 billion term loan and up to €500 million in a revolving credit facility, with €1 billion and €300 million already drawn [4] - Additionally, a €200 million bilateral term loan agreement has been established for seven years, with the full amount already withdrawn [4] - As of March 29, 2025, Versace is projected to achieve revenues of €705 million, with an operating loss of €46 million and long-term assets valued at €878 million [4] - For the third quarter, Prada reported revenues of €4.07 billion, reflecting an 8.5% increase at constant exchange rates, with third-quarter revenues of €1.33 billion, up 7.6% at constant exchange rates [4] - Retail sales for Prada decreased by 1.6% year-on-year, while Miu Miu's retail sales increased by 41% [4] Strategic Considerations - Despite both brands being Italian luxury labels, there are significant differences in market positioning and design styles [4] - The acquisition is expected to create synergies, but Versace's recent underperformance adds uncertainty to the integration process [4]

Time flies and waits for no one and once lost is never found. Yet still we try to keep time and measure it. Let the French, Germans, and British fight over who invented the wearable clock or watch in the 1500s.This we know. It's the Swiss who refined the art, crafting the world's most intricate and expensive time pieces. This though is a curious interval for Swiss watches.those mechanical wonders running not on batteries but on springs and gears. For one, you hardly need wrist candy to tell time. You can ju ...

Core Insights - The luxury goods and services sector is showing signs of recovery after a slowdown due to consumer spending cuts related to inflation and other economic concerns [1][2] - Positive third-quarter earnings from major luxury brands, particularly LVMH, indicate a resilient consumer demand in the U.S. despite economic uncertainties [2][3] Consumer Behavior - A JP Morgan survey revealed that 60% of U.S. and European respondents are using resale platforms for second-hand luxury goods, indicating a shift in consumer purchasing habits [1] - Analysts note that aspirational luxury consumers still face challenges, but new creative leadership and marketing strategies are expected to help reignite growth [7] Market Outlook - UBS projects that Chinese luxury purchases will grow by approximately 6% in 2026, recovering from a 5% decline this year, suggesting a positive trend for the luxury market [4] - Deutsche Bank anticipates 2026 will be a year of converging growth trends across luxury sectors, with the industry well-positioned for accelerated growth despite challenges in other consumer sectors [5] Company Performance - LVMH and Burberry remain favored by Deutsche Bank, with Richemont added to the list following stronger-than-expected sales growth [6]