|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||298.10 - 301.80|
|52 Week Range||213.15 - 313.70|
|PE Ratio (TTM)||29.47|
|Forward Dividend & Yield||5.00 (1.74%)|
|1y Target Est||N/A|
Luxury goods are still unfazed by tariffs unlike automobiles and industrial companies. Also, a proof of the thriving luxury goods market despite trade war fears is the robust performance of the brands.
LONDON/PARIS (Reuters) - An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries. From pricey handbags to designer shoes, booming sales at the European companies that dominate the industry like Louis Vuitton owner LVMH and Gucci parent Kering have made them investor favourites, with shares still near record highs.
LONDON/PARIS (Reuters) - An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries. From pricey handbags to designer shoes, booming sales at the European companies that dominate the industry like Louis Vuitton owner LVMH (LVMH.PA) and Gucci parent Kering (PRTP.PA) have made them investor favorites, with shares still near record highs.
Maybelline parent L'Oreal is pairing up with Facebook to roll out virtual tests for shoppers to see how they might look with different lipsticks or eye shadows, adding to its push to drive more sales online and through social media networks. Cosmetics firms including L'Oreal rival Estee Lauder and retailers like LVMH's Sephora are investing heavily in technology, in an age of selfies and beauty bloggers that has helped shift the industry onto the web.
The handbag retailer, which also owns Jimmy Choo, on Wednesday raised its earnings outlook for the full year. Michael Kors also said that traffic is up at department stores.
Italian fashion brand Giorgio Armani, which posted falling sales and profits last year, warned on Thursday that revenues and margins will continue to slide for the next two years before the company returns to growth in 2020. Armani had already foreseen a dip in results when early last year he said that 2017 would be complicated but reassured that his company had "a lot of cash".
Prada paved the way for a "new phase" of growth on Wednesday after the fashion brand reported rising sales, profit and income in the first half of the year. The Milan-based luxury company, jointly run by husband and wife team Miuccia Prada and Patrizio Bertelli, is looking to build on the first signs of a turnaround after posting falling profits since 2014. Chief Financial Officer Alessandra Cozzani said the group was "quite comfortable" with achieving market consensus for full-year sales, at 3.2 billion euros according to Reuters data.
* June retail sales value up 12 pct y/y, volume up 9.8 pct y/y * H1 retail sales value rises 13.4 pct y/y, volume up 11.8 pct y/y * June tourist arrivals rise 12.8 pct y/y, Jan-June up 10.1 pct * External ...
Operating profit at Gucci soared in the first half of the year, as shoppers flocked to the Italian fashion house amid surging global demand for luxury goods. Solid economic growth across the U.S., China and the eurozone has delivered a bonanza for the luxury-goods industry.
Sephora is the top specialty retail brand in digital, according to a new study from Gartner L2 . Sephora reigns victorious with strong earned media, best-in-class mobile product pages and a top-scoring ...
Kering posted higher operating profits in the first half of the year, as resilient sales in China boosted its biggest earnings driver Gucci plus other fashion labels the group is looking to develop like Balenciaga. Luxury companies have ridden a surge in Chinese demand in the past three years, jostling for attention from young shoppers with new designs and catchy digital campaigns. A U.S-China trade dispute that rattled stocks and the yuan has fuelled fears Chinese demand might now take a hit, though luxury groups have so far said such concerns were unfounded.
Kering SA keeps making it harder to reach its own high bar, with another quarter of runaway demand for Gucci fashions and handbags. The luxury conglomerate said comparable sales rose 32 percent in the second quarter, to 3.3 billion euros ($4.3 billion). Like French fashion rival LVMH, it’s benefiting from seemingly insatiable demand in China, while Gucci also raced ahead in North America.
Excitement for the return of Dior’s equestrian-inspired Saddle bag line—which dominated the “it bag” era of the early 2000s alongside Balenciaga’s “Lariat” and the Fendi “Baguette” before being discontinued—has been bubbling up since designer Maria Grazia Chiuri put them in her runway show in February. Trendsetting models Bella Hadid and Elsa Hosk were soon spotted carrying vintage Saddle bags, driving up demand on luxury resale sites like Vestiaire Collective. Then, earlier this month, just as Europe’s other fashion houses were winding down for their summer recess, Dior unleashed the bags in a marketing blitzkrieg that was hard to miss: Scores of Instagram influencers from around the world posted images modeling the $2,000-plus bags on the same day that Dior released its own campaigns, with models posing against vintage cars on the streets of Paris.
MILAN/LONDON, July 25 (Reuters) - Warnings from carmakers Fiat Chrysler and General Motors weighed on European shares on Wednesday as investors braced for a high-level trade meeting in Washington. European Commission President Jean-Claude Juncker and Donald Trump were expected to focus on trade and the U.S.'s President threatened tariffs on U.S. car imports from Europe.
MARKET PULSE Cowen analysts led by Oliver Chen have bumped the price target for LVMH Moet Hennessey Louis Vuitton SE (fr:mc) to €355.00 from €318.00 after the company announced first-half results on Tuesday.
There’s no shortage of think pieces out there lately about how voters in Trump country are among those who could be hardest hit by a looming trade war with China and Europe. From farmers who send soy, beef and other goods to China to blue-collar workers in the Midwest who watched Harley-Davidson (HOG) move production offshore to avoid retaliatory tariffs, the list of likely targets is long and varied.
LVMH, the owner of the brand, proved it with its forecast-beating sales and profit report for the first half of its financial year. Second-quarter organic sales growth also exceeded analysts' expectations across the group, and came alongside a healthy 2.9 percentage-point increase in the group operating margin to 21.4 percent. The company said late Tuesday it was seeing no signs of weakness in the crucial Chinese market, which accounts for a third of sales in the global luxury industry.
Trade worries kept a lid on gains in European shares on Wednesday despite some strong earnings, as investors braced for a crucial meeting in Washington between the European Commission President and U.S. President Donald Trump. The top-level meeting was expected to focus on trade and Trump's threatened tariffs on U.S. car imports, and the trade-sensitive DAX was down 0.3 percent with car stocks falling 0.6 percent in a tense market. The pan-European STOXX 600 fell 0.2 percent from five-week highs hit on Tuesday, with tech and mining stocks the biggest weights as trade tensions returned to the forefront of investors' minds.
PARIS (Reuters) - LVMH (LVMH.PA) shares rose on Wednesday to hover near record highs, after the luxury goods group posted robust results for the first-half of the year. LVMH shares were up 2.3 percent ...
July 25 (Reuters) - Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks. French CAC futures were flat at 0602 ...
The world’s well-heeled shoppers sent first-half revenue at luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE to a record high, brushing aside worries of a trade dispute between the U.S. and China to splurge on everything from handbags and jewelry to fine wines. Revenue in the first six months of the year hit €21.8 billion ($25.5 billion), up 10% compared with the same period a year ago, LVMH said Tuesday. LVMH is the world’s biggest luxury-goods company by sales, and its results are seen as a bellwether for the industry.
LVMH shares push close to record highs on robust interim profits. The luxury goods maker says Chinese shoppers are still lapping up goods at major brands like Louis Vuitton, easing fears of waning demand in the industry's biggest market. David Pollard reports.