Skip to main content
X

Latest in Financial

QVC Group Looks to Race Through Bankruptcy 

The home shopping network said it has a restructuring support plan that will allow it to pay its vendors in…

We’re Living in a ‘VUCA’ World, Said Axel Dumas at Hermès’ AGM

Chaos is the new normal, said the luxury brand's executive chair, as he shrugged off U.S. tariffs and said…

Equity Analysts React to Kering’s Capital Markets Day

Despite hours of upbeat talk from Kering CEO Luca de Meo, doubts linger about Gucci's brand heat and return…

The Quotable Luca de Meo

The executive displayed his talent for trenchant remarks and insights, often punchy and sometimes blunt.

Even Hermès Can’t Outrun Luxury’s Slowing Demand

In a week of weak results including LVMH and Kering, China's fragile recovery weighs on the sector.

Inside Luca de Meo’s Kering Turnaround Plan

The CEO detailed his 360-degree strategic roadmap in a marathon address at a Capital Markets Day in Florence.

Tory Burch Refinances to Buy Out Longtime Backer General Atlantic

The private equity company bought into the designer brand in 2012. 

Kering Shares Fall 9.3% on Gucci Weakness

The French luxury group reported Tuesday that organic sales at its star brand dropped 8 percent in the first…

Hermès Shares Drop as Q1 Growth Slows on Pressure From Middle East, Weaker Tourism

Shares fell 8.2 percent even as the U.S. and Japan outperformed against France and the Middle East slowdowns.

Walmart’s AI Chief Earned More Than Its CEO in 2025 With a $44.1M Payday

Daniel Danker, who joined the retailer from Instacart, outearned outgoing CEO Doug McMillon last year.

Gucci’s ‘Gradual’ Turnaround Weighs on Kering in Q1

Organic revenues were flat at the French luxury group, with its star brand down 14.3 percent in reported…

LVMH Touts Improvements in China, U.S. in Q1

The French luxury giant registered organic growth of 1 percent in the first three months of the year, with…

Brunello Cucinelli Reports Strong Start to 2026

Driven by robust gains at retail in America and Asia, Cucinelli confirmed the estimate of 10 percent growth…

Fashion Stocks Zoom on Ceasefire in Iran

European luxury players were among the biggest gainers on Wednesday.

Levi Strauss Scores With Q1 Earnings

Longtime chief financial officer Harmit Singh will step down once a successor is found.