![Morgan Stanley Downgrades LVMH to End Six Years of Bullishness](/i/c/af408242-9dd3-382b-c467-005d06e7d759.webp)
Morgan Stanley Downgrades LVMH to End Six Years of Bullishness
For the first time in six years, a Morgan Stanley analyst is relinquishing his positive view on LVMH.
2023-12-01 18:54
![European Stocks Extend $1.2 Trillion Rally Before Powell Speech](/i/c/df016589-48a1-798c-7671-42b669f628a8.webp)
European Stocks Extend $1.2 Trillion Rally Before Powell Speech
European stocks kicked off December with gains, extending a rally that added $1.2 trillion to the Stoxx 600’s
2023-12-01 16:58
![Is the US Headed for a Recession? Look at What Richer Americans Do on Black Friday](/i/c/024de68d-f459-3cab-43f1-ad1060092cbf.webp)
Is the US Headed for a Recession? Look at What Richer Americans Do on Black Friday
Richer Americans are curtailing their spending ahead of Black Friday, a worrisome sign for an economy that has
2023-11-21 22:48
![Swiss Watch Exports Rise Again as Low-Priced Timepieces Surge](/i/c/288da66a-d7be-6d99-fe51-900ddc45290a.webp)
Swiss Watch Exports Rise Again as Low-Priced Timepieces Surge
Swiss watch exports rose in October with shipments to the key US and Chinese markets increasing and lower-priced
2023-11-21 16:52
![Rich Americans Cancel Trips to Paris Following Middle East War](/i/c/12ed82c1-8a5e-1433-1f44-413d59c8c66e.webp)
Rich Americans Cancel Trips to Paris Following Middle East War
Wealthy Americans are holding off on booking trips to Paris as the war in the Middle East and
2023-11-18 16:54
![Burberry Warns Luxury Slump Puts Revenue Target Under Threat](/i/c/ba09f271-f8fc-44b8-768f-12f0a47a72b0.webp)
Burberry Warns Luxury Slump Puts Revenue Target Under Threat
Burberry Group Plc warned this year’s revenue target may be out of reach after the UK trench-coat maker’s
2023-11-16 15:55
![Rich Chinese Shoppers’ Appetite Slows as Confidence Falters](/i/c/fa0fffed-837b-7306-702e-3c1b92648448.webp)
Rich Chinese Shoppers’ Appetite Slows as Confidence Falters
Global luxury retailers counting on wealthy Chinese shoppers to raise their sales might be dismayed by recent reports
2023-11-15 12:21
![The Diamond World Takes Radical Steps to Stop a Pricing Plunge](/i/c/2fd3a71b-c643-5799-33c4-1228e653dba1.webp)
The Diamond World Takes Radical Steps to Stop a Pricing Plunge
When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they
2023-11-11 21:19
![Spirits and Luxury Stocks Fall as Pricing Power Starts to Fade](/i/c/2fbd10d2-aeab-7389-de14-6e3013893f2b.webp)
Spirits and Luxury Stocks Fall as Pricing Power Starts to Fade
Shoppers are rebelling against higher prices for everything from Piaget watches to Don Julio tequila, wiping off $45
2023-11-10 23:55
![Novo Nordisk’s Earnings Surge on Frenzy for Obesity Drugs](/i/c/e2641487-98cb-2dcb-7056-9c7847d5fec6.webp)
Novo Nordisk’s Earnings Surge on Frenzy for Obesity Drugs
Novo Nordisk A/S sales surged in the third quarter as demand continued unabated for its obesity and diabetes
2023-11-02 16:26
![Prada Sales Slow Despite Strong Miu Miu Label Performance](/i/c/0cf389cf-f012-7725-ee80-9a69ef9c64b9.webp)
Prada Sales Slow Despite Strong Miu Miu Label Performance
Prada SpA’s sales slowed as the Italian fashion company experiences a cutback in luxury demand that other competitors
2023-11-01 10:58
![Gucci Sales Fall as Kering Lags Peers Facing Luxury Slowdown](/i/c/6b5ab866-7433-4478-84ea-7a894e66efdb.webp)
Gucci Sales Fall as Kering Lags Peers Facing Luxury Slowdown
Gucci sales fell as Kering SA’s biggest brand grappled with the twin challenges of a luxury goods slowdown
2023-10-25 15:49