|Bid||23.96 x 0|
|Ask||24.46 x 0|
|Day's Range||23.66 - 24.28|
|52 Week Range||20.98 - 52.15|
|Beta (5Y Monthly)||0.36|
|PE Ratio (TTM)||17.18|
|Earnings Date||Mar 12, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 20, 2019|
|1y Target Est||47.13|
Top luxury brands from Chanel to Louis Vuitton have increased prices of some of their most coveted products as they seek to make up for sales lost during weeks of coronavirus lockdowns. High-end houses have all reported brisk business in South Korea and the key Chinese market, where shops began to reopen in March, partly offsetting a slump in Europe and the United States - where restrictions are only just starting to be lifted. Chanel said on Wednesday it was increasing prices on its iconic handbags and some small leather goods by between 5% and 17% around the world as the pandemic had pushed up the cost of certain raw materials.
Global sales of luxury goods are expected to slump by 50% to 60% in the second quarter even as some countries begin to ease coronavirus lockdowns and despite signs of recovery in the Chinese market, consultancy Bain said on Thursday. The coronavirus crisis, which first hit China late last year before spreading to Europe and the United States, has kept shoppers at home and forced retailers to shut stores, resulting in a crushing halt to a decade of spectacular growth for high-end brands. With the April to June decline coming on top of an estimated 25% drop in the first three months of the year, Bain expects global sales of luxury handbags, clothing and cosmetics to shrink by between 20% and 35% in 2020, against a previous estimate for a 15% to 35% decline.
American billionaire Rocco Commisso has bought Italian Serie A soccer club ACF Fiorentina from the Della Valle family, his U.S. cable company Mediacom Communications announced on Thursday. Italian-born Commisso, who also owns U.S. soccer club New York Cosmos and is the chairman and CEO of Mediacom, made a failed offer last year to buy a controlling stake in AC Milan.
U.S. billionaire Rocco Commisso is close to agreeing the purchase of Italian Serie A soccer club ACF Fiorentina from the Della Valle family for around 160 million euros ($180 million), a source with knowledge of the matter said on Tuesday. The Della Valle family owns luxury goods group Tod's and, since 2002, the Florence-based club who last season narrowly escaped relegation. The source said ACF Fiorentina's owner, Diego Della Valle, and Commisso met on Tuesday at Tod's offices in Milan and that a deal could be struck as soon as later on Tuesday or Wednesday.