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United States

Pascale Denis

Vuitton propels LVMH growth in boost for luxury sector

Oct 10 2018

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

Chinese slowdown fears hit LVMH shares and luxury rivals

Oct 10 2018

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

France's Monoprix says grocery alliance with Amazon Prime tops expectations

Oct 10 2018

PARIS Casino's upmarket Monoprix supermarket chain said the start of its partnership with Amazon Prime's delivery service for Paris had been better than expected - an alliance that could prove crucial for debt-ridden Casino's fortunes.

Gucci boss reassures staff over looming era of slower growth

Oct 04 2018

PARIS 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.

Casino rejects merger approach that Carrefour denies making

Sep 24 2018

PARIS Two of France's biggest supermarket groups were locked in a dispute on Monday after Casino said it had rejected a tie-up approach from larger rival Carrefour that Carrefour denied ever making.

French handbag maker Hermes posts record first half margins

Sep 12 2018

PARIS France's Hermes on Wednesday said operating margins reached a first-half record at the start of 2018 as resilient demand in key markets like China also helped the luxury handbag maker and most of its major rivals lift profits.

Retailer Leclerc targets French residential power market

Sep 11 2018

PARIS French supermarket and retail chain Leclerc, will start selling electricity to French households this week, offering a discount of at least 10 percent to regulated prices as it aims to recruit three million clients by 2025.

L'Oreal shares drop as struggles to lift growth at Garnier shampoo unit

Jul 27 2018

PARIS L'Oreal shares fell on Friday as the cosmetics firm struggled to fire up sales of its mass market beauty products like Garnier shampoo and revenues in western Europe faltered.

LVMH shrugs off China concerns in boon to luxury peers

Jul 25 2018

PARIS LVMH on Tuesday posted robust results for the first half of the year and said Chinese shoppers were still lapping up goods at its major brands like Louis Vuitton, easing fears of waning demand in the luxury industry's biggest market. | Video

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