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June 8, 2021

Luxury Goods / Services

Breakingviews – Capital Calls – LVMH surges back to full health

Reuters
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......

Breakingviews – Capital Calls – Tod’s needs Ferragni sizzle, plus

Reuters
The 76th Venice Film Festival – Screening of the film “Chiara Ferragni – Unposted” – Photocall – Venice, Italy, September 4, 2019 – Chiara Ferragni poses. MILAN (Reuters Breakingviews) – EFFETTO FERRAGNI. Chiara Ferragni’s digital magic worked on Tod’s shares. The Italian maker of $500-a-pair loafers rallied 14% on Friday......

Breakingviews – Path out of global tax combat is slowly emerging

Reuters
WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain March 27, 2017. LONDON (Reuters Breakingviews) – A long slog to make international corporate tax rules fit for the digital age is nearing a breakthrough. Obstacles remain, but a path that gets around them is slowly......

Swiss luxury watchmakers learn to love the pre-owned market

Reuters
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,......

Kering founder Pinault joins wave of SPAC investors

Reuters
FILE PHOTO: Francois-Henri Pinault, Chairman and Chief Executive Officer of French luxury group Kering, attends the annual news conference of Kering at the company’s headquarters in Paris, France, February 12, 2019. REUTERS/Benoit Tessier PARIS (Reuters) – Francois Pinault, the French billionaire who founded Kering, the group behind Gucci, has invested......

Kering founder Pinault joins wave of SPAC investors

Reuters
FILE PHOTO: Francois-Henri Pinault, Chairman and Chief Executive Officer of French luxury group Kering, attends the annual news conference of Kering at the company’s headquarters in Paris, France, February 12, 2019. REUTERS/Benoit Tessier PARIS (Reuters) – Francois Pinault, the French billionaire who founded Kering, the group behind Gucci, has invested......

Breakingviews – Capital Calls: Hermès bags are the new safe asset

Reuters
A staff member poses holding a rare Hermes handbag, the mat white Birkin Himalaya 35 during an auction preview at Christie’s in Paris, France, March 4, 2016. LONDON (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- SAFE AS HÈRMES. The French luxury icon’s handbags have......

Breakingviews – Capital Calls: LVMH taps Jay-Z for booze revival

Reuters
Shawn “Jay-Z” Carter, a founding partner of Reform Alliance, a newly formed organization to reform the U.S. criminal justice system, speaks during the Reform Alliance launch event in New York City, New York., U.S., January 23, 2019. LONDON (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era.......

Porsche to set up assembly plant in Malaysia: The Edge

Reuters
FILE PHOTO: A logo of Porsche is seen outside a Porsche car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman KUALA LUMPUR (Reuters) – German sports car maker Porsche AG is setting up an assembly plant in Malaysia under a partnership with trading......

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

Reuters
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
(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,......

Next up for retailers: A big wave of gift returns

Reuters
NEW YORK (Reuters) – As shoppers tuck their final Christmas presents under the tree, U.S. retailers are bracing for a record-setting flood of returns of online gifts bought during the deadly surge in coronavirus cases. To make the process more efficient, retailers including Walmart Inc and Target Corp let shoppers......

Ferrari’s Camilleri will be a hard act to follow

Reuters
MILAN (Reuters) – Ferrari’s search for a new leader of the same standing as Louis Camilleri will be a challenging task for the Italian luxury carmaker, just as it looks to roll out new hybrid models and its first ever SUV. FILE PHOTO: The Ferrari logo is pictured as Ferrari......

Breakingviews – Corona Capital: Vaccine bargain, UK tech, Luxury

Reuters
By Breakingviews columnists LONDON/HONG KONG (Reuters Breakingviews) – Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in this illustration taken, October......

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