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European luxury stocks jump
Cartier Owner Richemont’s Sales Beat Buoys Luxury Stocks
Richemont reported better-than-expected quarterly sales, triggering a rally in luxury stocks, after its core jewelry division bucked a downturn in demand for high-end goods.
Richemont stock is surging by the most ever. Other luxury plays are jumping too.
The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates.
European luxury stocks jump after Richemont smashes expectations
European luxury shares soared on Thursday as Cartier owner Richemont's third-quarter sales beat revived optimism for the battered sector.
14h
Richemont Rises And Signet Falls As Jewelry Market Splinters Between True And Accessible Luxury
Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday ...
1d
Luxury firms, chipmakers lift Europe's STOXX 600 to five-week high
European shares rose nearly 1% on Thursday, with luxury stocks boosted by Richemont's upbeat earnings update and ...
1d
Richemont’s Surprise Revenue Gain Lifts Luxury Stocks, Offering Hope to Brand Owners, Investors
Richemont outstripped expectations with a 10 percent jump in revenue during the key holiday quarter, offering hope that ...
stocknews
1d
3 Affordable Picks in the Luxury Market
Luxury stocks present significant growth opportunities due to rising focus on personalized and exclusive fashion experiences.
1d
on MSN
Why LVMH Stock Popped Today
Shares of Louis Vuitton Moet Hennesy ( LVMUY -1.54%) were moving higher today in symphony with a strong earnings report from ...
1d
on MSN
Stock market today: Indexes slip after the best day for stocks since November
Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank ...
22h
on MSN
Loud luxury and logo-mania need a big revival and quiet luxury needs to die if brands want to keep making money, BofA analysts say
Bank of America analysts said quiet luxury has fueled dupes and led to more competitors joining the industry.
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