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May 6, 2021

Apparel & Accessories Retailers (TRBC level 4)

Breakingviews – Capital Calls – LVMH surges back to full health

A Louis Vuitton logo is seen outside a store on the Champs-Elysees in Paris, France, September 18, 2020. REUTERS/Charles Platiau MILAN (Reuters Breakingviews) – BLING BOUNCE. LVMH has bounced back with a vengeance from its pandemic sales sickness. The maker of $2,500 Speedy bags and $6,000 Tag Heuer watches on......

Swiss luxury watchmakers learn to love the pre-owned market

ZURICH, April 7 (Reuters) – Swiss luxury watch brands have long considered the market for pre-owned watches as a potential threat to their business, but now their view is shifting as they see it can provide valuable insights into pricing and demand. Initially seen as cannibalising sales of new watches,......

Chinese authorities tell H&M to change the ‘problematic map’

FILE PHOTO: People walk past a store of the Swedish fashion retailer H&M at a shopping complex in Beijing, China March 25, 2021. REUTERS/Florence Lo STOCKHOLM (Reuters) – Chinese authorities have asked H&M to change a map on its website in the latest clash between the clothing giant and officialdom......

Boohoo publishes list of UK suppliers to meet transparency pledge

LONDON (Reuters) – British online fashion retailer Boohoo on Thursday published a list of 78 approved manufacturers operating across 100 sites in the UK, meeting a commitment for increased transparency. FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display......

H&M sales recover in March as stores reopen after lockdown

FILE PHOTO: Clients wait in front of a re-opened H&M clothing store after the Swiss government relaxed some of its COVID-19 restrictions, as the spread of the coronavirus disease continues, at the Bahnhofstrasse shopping street in Zurich, Switzerland March 4, 2021. REUTERS/Arnd Wiegmann STOCKHOLM (Reuters) – Sales at fashion group......

Incoming U.S Senate Banking chairman plans hearing on stock market

FILE PHOTO: Senator Sherrod Brown (D-OH) rides the U.S. Capitol subway in Washington, U.S., February 4, 2020. REUTERS/Erin Scott WASHINGTON (Reuters) – Incoming Senate Banking Committee Chairman Sherrod Brown said on Thursday that he plans to hold a hearing on the current state of the U.S. stock market. “People on......

At odds over many things, U.S. lawmakers AOC and Ted Cruz agree on Robinhood probe

WASHINGTON (Reuters) – At odds over most issues, Democrat Alexandria Ocasio-Cortez and Republican Ted Cruz agreed on Thursday that Congress needed more information about online trading platform Robinhood Markets Inc’s decision to restrict retail trading in shares of GameStop and other stocks that have experienced dramatic gains this week attributed......

Levi Strauss beats quarterly revenue estimates on online strength

FILE PHOTO: The Levi Strauss & Co. logo is seen on displays on the floor of the New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S., March 21, 2019. REUTERS/Lucas Jackson (Reuters) – Denim maker Levi Strauss & Co beat analysts’ estimates for quarterly revenue on......

LVMH shares rise after fashion group reports solid fourth-quarter results

FILE PHOTO: A Louis Vuitton logo is seen outside a store on the Champs-Elysees in Paris, France, September 18, 2020. REUTERS/Charles Platiau PARIS (Reuters) – LVMH’s shares rose on Wednesday after the French luxury goods group reported resilient fourth-quarter results. LVMH shares were up 1.3% in early session trading, among......

Factbox: LVMH’s jewellery and watches business

(Reuters) – French luxury goods group LVMH closed its $15.8 billion acquisition of U.S. jeweller Tiffany on Thursday, installing some of its senior executives to run the business. FILE PHOTO: Jewellery is pictured in the window of a Tiffany & Co. store in the Manhattan borough of New York City,......

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