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Reuters - 1 week ago

Europe's STOXX 600 clocks all-time closing high on China stimulus boost

UPDATE 2-Europe's STOXX 600 clocks all-time closing high on China stimulus boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 up 1.3% Sweden's H&M falls after abandoning 2024 margin target Switzerland's Swatch jumps on report of potential delisting Swiss National Bank cuts rate by 25 bps Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan Sept 26 (Reuters) - European shares jumped on Thursday, with China-exposed stock

Reuters - 2 weeks ago

Dior sends sporty fashion down Paris catwalk

Dior sends sporty fashion down Paris catwalk By Mimosa Spencer PARIS, Sept 24 (Reuters) - Christian Dior designer Maria Grazia Chiuri showed playful, sport-themed fashion for the LVMH-owned label's spring-summer 2025 ready-to-wear collection on Tuesday to a front row of celebrities and France's first lady Brigitte Macron. Models marched down a long, straight runway parading jersey dresses, assymetric bodysuits and black trousers with white racing stripes running along the legs.

Reuters - 2 weeks ago

China-EU trade spat’s next swipe may hit LVMH

RPT-BREAKINGVIEWS-China-EU trade spat’s next swipe may hit LVMH The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Sept 23 (Reuters Breakingviews) - Few Western corporate chieftains command as much attention in China as Bernard Arnault. The 75-year-old boss of $340 billion LVMH LVMH.PA routinely rubs shoulders with senior government officials and was the talk of Chinese social media during a whirlwind trip to the People’s Republic in Ju

Reuters - 2 weeks ago

China-EU trade spat’s next swipe may hit LVMH

BREAKINGVIEWS-China-EU trade spat’s next swipe may hit LVMH The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Sept 23 (Reuters Breakingviews) - Few Western corporate chieftains command as much attention in China as Bernard Arnault. The 75-year-old boss of $340 billion LVMH LVMH.PA routinely rubs shoulders with senior government officials and was the talk of Chinese social media during a whirlwind trip to the People’s Republic in June 2

Reuters - 4 weeks ago

Technology stocks lead European shares lower as growth worries weigh

UPDATE 2-Technology stocks lead European shares lower as growth worries weigh Euro zone August business activity gains from Olympics lift Commerzbank slips as German government aims to reduce stake Volvo Cars stock drops after scrapping 2030 EV-only target STOXX 600 down 1% Updated at 1612 GMT By Shubham Batra and Lisa Pauline Mattackal Sept 4 (Reuters) - Europe's main share indices fell to a two-week low on Wednesday, with technology stocks leading declines as concerns of an imminent slowdown i

Reuters - 2 months ago

Luxury’s legal pain is new threat to valuations

BREAKINGVIEWS-Luxury’s legal pain is new threat to valuations The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Aug 20 (Reuters Breakingviews) - Not many products get more attractive when you know how the sausage is made. That may particularly be the case for Italian-made luxury goodies. Successive Milanese court rulings on troubled supply chains are a problem for a sector built on prestige and enigma – and may imply further hits to va

Reuters - 2 months ago

LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim

RPT-EXCLUSIVE-LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim RPT of story published Aug 6 By Helen Reid, Mimosa Spencer PARIS, Aug 6 (Reuters) - LVMH's second-largest fashion brand Dior was until last month behind on disclosures required by UK law about working conditions in its supply chain, and made outdated statements on its website of a third-party certification that it terminated more than a year ago, Reuters has found.

Reuters - 2 months ago

LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim

Reuters - 2 months ago

LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim

EXCLUSIVE-LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim By Helen Reid and Mimosa Spencer PARIS, Aug 6 (Reuters) - LVMH's second-largest fashion brand Dior was until last month behind on disclosures required by UK law about working conditions in its supply chain, and made outdated statements on its website of a third-party certification that it terminated more than a year ago, Reuters has found.

Reuters - 2 months ago

European shares end lower as earnings whirlwind disappoints

UPDATE 2-European shares end lower as earnings whirlwind disappoints For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window LVMH Q2 sales miss estimates, shares fall Deutsche Bank down after reporting first loss in 4 years Euro zone HCOB's PMI drops to 50.1 STOXX 600 down 0.6% Updated at 1600 GMT By Pranav Kashyap, Shristi Achar A and Shashwat Chauhan July 24 (Reuters) - European shares closed lower on Wednesday, dampened by luxury stocks after

Reuters - 2 months ago

Luxury stocks sell off again as LVMH posts below-bar Q2 earnings

BUZZ-Luxury stocks sell off again as LVMH posts below-bar Q2 earnings Recasts with sector performance, adds peers, milestones, updates shares ** Expectations-missing Q2 results from luxury giant LVMH, a bellwether for the sector, weigh on peers , already under pressure after weak Burberry and Richemont prints ** LVMH results confirm "even best-in-c

Reuters - 2 months ago

LVMH sales miss estimates as Chinese market slows

UPDATE 3-LVMH sales miss estimates as Chinese market slows Rewrites paragraph 1, adds details in 3-4, analysts quote in 6-8, and CFO quotes in 12-13 By Mimosa Spencer PARIS, July 23 (Reuters) - LVMH LVMH.PA sales growth slowed in the second quarter as Chinese shoppers reined in spending on high-end fashion at home, even as demand in Western markets slightly picked up.

Reuters - 2 months ago

Some investors demand change at LVMH after probe into Dior contractors

RPT-EXCLUSIVE-Some investors demand change at LVMH after probe into Dior contractors Repeats the story first published on Tuesday, July 23 with a digital headline By Helen Reid, Mimosa Spencer LONDON/PARIS July 23 (Reuters) - Europe's top asset manager Amundi and other LVMH LVMH.PA investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive steps to monitor its suppliers' treatment of workers after Italian prosecutors disclosed alleged sweats

Reuters - 2 months ago

Some investors demand change at LVMH after probe into Dior contractors

EXCLUSIVE-Some investors demand change at LVMH after probe into Dior contractors By Helen Reid and Mimosa Spencer LONDON/PARIS July 23 (Reuters) - Europe's top asset manager Amundi and other LVMH LVMH.PA investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive steps to monitor its suppliers' treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior, three investors

Reuters - 3 months ago

Financial Times - July 18

PRESS DIGEST-Financial Times - July 18 July 18 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK government sets out 40 bills in King's Speech for 'decade of national renewal' - Nationwide's planned 2.9-bln-pound Virgin Money takeover boosted by support at AGM - Italy's competition watchdog probes Armani and Dior over alleged labour exploitation - Amazon beats back union bid for UK re

Reuters - 3 months ago

Dior says collaborating with authorities after Italian antitrust probe

Dior says collaborating with authorities after Italian antitrust probe MILAN, July 17 (Reuters) - Dior is collaborating with Italian authorities and strengthening its checks on its suppliers, the company said on Wednesday, after the Italian competition watchdog said it was probing the luxury group for allegedly misleading consumers over its social commitment and craftsmanship.

Reuters - 3 months ago

Armani confident of 'positive solution' to Italian antitrust probe

Armani confident of 'positive solution' to Italian antitrust probe MILAN, July 17 (Reuters) - Italy's Armani Group on Wednesday expressed confidence in "a positive solution" after the country's competition watchdog said it was probing the luxury group for allegedly misleading consumers over its social commitment and craftsmanship. The antitrust authority's investigation follows a probe by Milan prosecutors into suppliers of the Armani Group which are accused of having exploited workers to produc

Reuters - 3 months ago

Italy antitrust targets Armani, Dior after worker exploitation probes

UPDATE 4-Italy antitrust targets Armani, Dior after worker exploitation probes Antitrust probe follows judicial inquiries Social responsibility claims may be untrue, says antitrust body Consumers possibly misled also over craftsmanship Adds examples of marketing messages from Armani and Dior, Dior comment in paragraphs 5-6 By Alvise Armellini and Alessandro Parodi ROME, July 17 (Reuters) - Italy's competition authority is investigating whether luxury brands Armani and Dior DIOR.PA had misled con

Reuters - 3 months ago

Italy's antitrust opens probe on Armani, Dior over alleged exploitation of workers

REFILE-Italy's antitrust opens probe on Armani, Dior over alleged exploitation of workers Adds missing slug July 17 (Reuters) - Italy's competition authority (AGCM) said on Wednesday it had started an investigation into fashion groups Armani and Dior DIOR.PA over the alleged exploitation of workers at its suppliers. Reporting by Alessandro Parodi,

Reuters - 3 months ago

Burberry faces a lengthy stay in the bargain bin

BREAKINGVIEWS-Burberry faces a lengthy stay in the bargain bin The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Aimee Donnellan LONDON, July 15 (Reuters Breakingviews) - Retailers typically get rid of excess stock by throwing it in the bargain bin. After issuing another profit warning , suspending its dividend and replacing its CEO, that may also be 2.7 billion pound ($3.4 billion) Burberry’s BRBY.L fate for the foreseeable future.

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