Kering SA (PRTP.PA)
23 Oct 2018
Oct 24 Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.
PARIS Demand for Gucci handbags fell from recent highs but proved more resilient than expected in the third quarter, extending a strong sales run at parent Kering for the time being as markets fret that momentum in the luxury sector is petering out.
* No signs of slowdown with China clientele - CFO (Writes through with more comments from CFO)
PARIS, Oct 23 French luxury conglomerate Kering posted a better-than-expected revenue rise in third quarter revenue on Tuesday, thanks to another strong performance from Gucci even as sales growth at the thriving brand comes off recent highs.
LONDON European stocks failed to stage a recovery on Friday, posting their worst week since a market correction last February as a new sell-off hit bourses across the globe, amid worries about protectionism and fast-rising U.S. interest rates.
LONDON, Oct 12 European stocks failed to stage a recovery on Friday, posting their worst week since a market correction last February as a new sell-off hit bourses across the globe, amid worries about protectionism and fast-rising U.S. interest rates.
LONDON, Oct 12 European stocks bounced back strongly on Friday from a sharp selloff in world markets, after Asian shares staged a partial recovery overnight.
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.