Rising Profit Estimates Mask South Africa’s Frail Equity Outlook
Analysts have raised the earnings outlook for South Africa’s main equity index to an almost 11-year high. Money
2023-06-09 20:56
China’s Biggest Jewelry Chain Slows Expansion to Boost Profit
Chow Tai Fook Jewellery Group Ltd., one of the world’s largest jewelry retailers by market value, is dialing
2023-06-08 19:55
Rent the Runway Trims Discounts, Dimming Quarterly Outlook
Rent the Runway Inc. shares fell sharply in after-hours trading after the company said it’s curbing the discounts
2023-06-08 07:29
Neiman Marcus Earnings Hit by Steep Discounts, Softer Demand
Neiman Marcus’s third-quarter earnings declined as the retailer was forced to offer more promotions to contend with weaker
2023-06-08 00:19
Ferrari to Stick With F1 as CEO Says Racing Drives Innovation
Ferrari NV isn’t giving up on auto racing. Even after another disappointing season on the Formula 1 circuit,
2023-06-06 16:20
Half of Large Firms Plan to Cut Office Space, Knight Frank Says
Many of the biggest corporate employers plan to reduce the amount of office space they occupy over the
2023-06-06 15:55
The Big China Play That Fueled Luxury Stocks Is Now Fizzling Out
A Big Tech-like rush into luxury stocks is fast falling out of favor. China got the credit for
2023-06-04 15:50
Beverly Hills Voters Choose Lifestyle Over Luxury in Rejecting LVMH Hotel
Rodeo Drive’s storefront windows display the world’s most expensive labels: Gucci handbags, Prada slingback pumps, Chanel perfumes. It
2023-06-03 07:22
Record-Bound Indian Stocks Reclaim Spot in World’s Top 5 Markets
India reclaimed its spot as the world’s fifth largest stock market after losing that status to France in
2023-05-29 14:25
LVMH Won’t Proceed With Beverly Hills Hotel as Vote Falls Short
Bernard Arnault, the world’s richest man, will scrap a plan to build a luxury hotel in Beverly Hills
2023-05-27 11:55
Aston Martin Unveils New DB12 Coupe Amid Formula 1 Successes
Aston Martin Lagonda Global Holdings Plc has some additional excitement to accompany its recent podium finishes at Formula
2023-05-26 02:25
Mercedes-Maybach Takes a Stealth Wealth Cue From Rolls-Royce
On Tuesday, Mercedes-Maybach didn’t unveil a new car, but its new Night Series options program essentially signals an
2023-05-24 08:51