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LVMH

Beauty retailer Sephora cuts China jobs as market slumps

by Lionel Rogers
Beauty retailer Sephora cuts China jobs as market slumps

By Reuters Published Aug 22, 2024 LVMH-owned beauty retailer Sephora is cutting its workforce in China, the company said on Wednesday, as consumers curb their spending on creams and make-up …

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Pandora raises full-year growth outlook as broader product range pays off

by David Johnson
Pandora raises full-year growth outlook as broader product range pays off

By Reuters Published Aug 13, 2024 Pandora, the world’s biggest jewellery maker, raised its full-year growth outlook, presenting a more upbeat outlook than some other consumer goods companies as it …

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LVMH’s Dior lagged on supply chain disclosure, made outdated ESG claim

by Lionel Rogers
LVMH’s Dior lagged on supply chain disclosure, made outdated ESG claim

By Reuters Published Aug 6, 2024 LVMH’s second-largest fashion brand Dior was until last month behind on disclosures required by UK law about working conditions in its supply chain, and …

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Ralph Lauren revenue rises 1% on stable demand in Europe, China

by David Johnson
Ralph Lauren revenue rises 1% on stable demand in Europe, China

By Reuters Published Aug 7, 2024 Ralph Lauren Corp posted a rise in quarterly revenue on Wednesday, benefiting from steady demand for its pricey denims and polo shirts in Europe …

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Paris sets new trend as the product placement Olympics

by Lionel Rogers
Paris sets new trend as the product placement Olympics

By Reuters Published Aug 12, 2024 Winning athletes in Paris have received their medals on Louis Vuitton trays before being handed a Samsung flip phone to take a “victory selfie”, …

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Kering warns of profit plunge as Gucci turnaround sputters

by Lionel Rogers
Kering warns of profit plunge as Gucci turnaround sputters

By Bloomberg Published Jul 24, 2024 Kering SA warned that its profit is set to tumble in the second half of the year as luxury demand cools and turnaround efforts …

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LVMH shows the luxury sector is in pain

by Lionel Rogers
LVMH shows the luxury sector is in pain

By Bloomberg Published Jul 24, 2024 We’re all drinking less champagne as the world becomes a scarier place. That was the message from LVMH Moet Hennessy Louis Vuitton SE. It underlines …

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LVMH shares slump 6% after missing Q2 estimates

by Lionel Rogers
LVMH shares slump 6% after missing Q2 estimates

By Reuters Published Jul 24, 2024 Shares in French luxury giant LVMH fell more than 6% on Wednesday and were on track for their biggest one-day drop since October 2023 …

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Loewe is back as world’s hottest label, On grows fast

by David Johnson
Loewe is back as world’s hottest label, On grows fast

LVMH’s results may not have set the world alight in the latest quarter but there was one piece of good news on Wednesday for April to June — the latest …

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LVMH to intensify audits and controls at suppliers, says CFO

by David Johnson
LVMH to intensify audits and controls at suppliers, says CFO

By Reuters Published Jul 24, 2024 LVMH plans to speed up its supply chain strategy and strengthen audits and controls, chief financial officer Jean-Jacques Guiony said on Tuesday, in the …

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