LVMH Moet Hennessy Louis Vuitton SE (LVMH.PA)
16 Nov 2018
HONG KONG/BEIJING China's acquisitive apparel firm Shandong Ruyi is targeting more global deals involving "affordable luxury" brands, under a push to establish the first high-end Chinese fashion empire to eventually challenge behemoth LVMH .
HONG KONG/BEIJING, Nov 12 China's acquisitive apparel firm Shandong Ruyi is targeting more global deals involving "affordable luxury" brands, under a push to establish the first high-end Chinese fashion empire to eventually challenge behemoth LVMH.
* FIS corporate payments factory connects French luxury goods conglomerate LVMH Group to new SWIFT Global Payments Innovation (gpi).
PARIS A standout performance by LVMH's fashion and handbags business boosted third-quarter sales growth at the luxury goods company, providing an encouraging sign for an industry gripped by fears of a slowdown in China. | Video
PARIS Robust sales growth at luxury goods leader LVMH in the third quarter failed on Wednesday to quell fears that Chinese demand for high-end fashion and handbags will start waning, sending its shares lower and rattling those of competitors. | Video
* U.S. luxury stocks like Tiffany's hit too (Adds LVMH comments from conference call, updates sector shares)
PARIS, Oct 10 Shares in LVMH fell in early trading on Wednesday even as its all-important fashion and leather goods unit did better than expected in the third quarter, with the broader luxury sector also rattled by lingering fears of a Chinese slowdown.
* Company conference call on Oct. 10 at 1500CET (Adds details on cosmetics, analyst comment)
PARIS, Oct 9 Louis Vuitton owner LVMH on Tuesday posted a 10 percent rise in comparable sales in the third quarter, in line with forecasts and setting an encouraging tone for luxury companies sensitive to any wavering in Chinese demand.
PARIS, Oct 4 The head of Gucci has reassured shop staff over a looming slowdown in the pace of sales growth after a revenue explosion at the Kering-owned label, according to an internal video message seen by Reuters.