Luxury labels bulk up on lower-priced goods to appeal to middle-class shoppers

Luxury brands are shifting focus to affordable products to capture middle-class consumers, risking profit margins amid declining demand and economic pressures.

European shares edge higher on China stimulus optimism

European shares rise on stimulus hopes for China, while miners and luxury stocks lead gains. Market sentiment mixed amid geopolitical concerns and upcoming central bank decisions.

Factbox-Top 20 global family-owned retail businesses

Richemont remains cautious on raising jewellery prices despite high gold prices

Richemont plans to remain cautious with jewellery pricing, avoiding increases despite rising gold prices and market downturns, focusing on maintaining price consistency across regions.

Richemont shares fall amid sluggish China demand, margin pressures

Richemont's shares dropped over 6% due to weak Chinese demand, especially in watches. Despite strong USA and Europe sales, EBIT missed estimates amid operational challenges.

Richemont say US business in good position for growth

Richemont's U.S. business is prepared for growth post-election, though the impact of Trump's policies on demand for jewellery is still uncertain.

European shares muted as luxury firms fall

European shares opened low due to mixed earnings, with luxury firms like Richemont declining; British Airways and Monte dei Paschi reported profit increases.

Richemont's profit miss, China caution spark luxury stocks drop

Richemont's profit forecasts missed expectations, particularly in China. The company faces challenges in operating profit and sales amid a downturn in luxury demand.

Earnings call: Cullen/Frost reports dip in Q3 earnings, optimistic on growth

Cullen/Frost Bankers reports Q3 2024 earnings decline yet maintains an optimistic outlook, focusing on growth in Texas markets despite recent challenges.

Luxury stocks drop as analysts cut ratings on global slowdown

The global luxury sector faces challenges, particularly in China, leading to downgrades for major brands like Burberry and Kering, amid a gloomy growth outlook.