Pascale Denis

Czech investor takes stake in Casino after failed Metro bid

Sep 05 2019

PARIS Czech businessman Daniel Kretinsky and Slovak partner Patrik Tkac have bought a 4.63% stake in debt-laden French retailer Casino , a month after failing to take over Germany's Metro AG .

Faltering U.S. sales take shine off Kering's star Gucci brand

Jul 25 2019

PARIS Kering's main Gucci brand, which set a high bar for luxury goods rivals during several years of explosive growth, posted a slower-than-expected rise in second-quarter sales on Thursday, hit by a blip in the United States.

Retailer Carrefour says strategic overhaul on track as H1 profits rise

Jul 25 2019

PARIS French supermarket retailer Carrefour reported higher first-half profits and said it was on track with a strategic overhaul aimed at boosting earnings and tackling competition from the likes of Amazon .

Retailer Casino cancels dividend as it pursues debt-cutting plans

Jul 25 2019

PARIS French supermarket retailer Casino , which is battling investor concerns over debts and its ability to generate cash, scrapped its dividend as it targeted net debts below 1.5 billion euros ($1.7 billion) in France by the end of next year.

Kering crown jewel Gucci banks on high-end gems for growth

Jul 02 2019

PARIS Gucci, the luxury brand that powers most of parent Kering's profits, made its first steps in high-end jewelery on Tuesday with a dedicated store in Paris - part of its bid to expand its reach after a blowout fashion makeover.

France's L'Oreal in talks to buy Mugler, Azzaro from Clarins

Jul 02 2019

PARIS L'Oreal is in talks to buy the Mugler and Azzaro brands from Clarins Group, as the French luxury goods group reinforces its presence in upmarket cosmetics.

Fashion house Chanel parades its independence as profits rise

Jun 17 2019

PARIS Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away in February, on Monday reaffirmed commitment to its independence after reporting higher annual sales and profits.

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