• PRTP

Kering names Cedric Charbit CEO of Saint Laurent

Kering appoints Cedric Charbit as CEO of Saint Laurent, succeeds Francesca Bellettini; management reshuffle aims to boost sales growth, particularly for struggling Gucci.

• PRTP

Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says

Sales of personal luxury goods are expected to drop 2% this year due to price hikes and economic uncertainty, particularly in China, affecting a significant portion of the consumer base.

• ACCP
• APAM
• CL
• DX
• EUR/GBP
• EUR/USD
• FCHI
• FNAC
• GC
• HRMS
• JCDX
• LCO
• LEGD
• PRTP
• SBF120
• STLAM
• URW

France stocks lower at close of trade; CAC 40 down 1.17%

France stocks fell with losses led by Consumer Goods, Oil & Gas. Kering SA hit a 5-year low, while Accor SA reached 5-year highs amid falling shares.

• BMPS
• CFR
• ICAG
• LVMH
• PRTP
• STOXX

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.

• BNPP
• CAGR
• CL
• DX
• EUR/USD
• FCHI
• GC
• LCO
• LEGD
• MT
• PRTP
• SBF120
• TCFP

France stocks higher at close of trade; CAC 40 up 0.76%

France stocks closed higher led by Consumer Goods, Technology, and Services, with CAC 40 up 0.76% and SBF 120 up 0.77%. Commodity prices rose in late trading.

• DX
• ERMT
• ESLX
• EUR/GBP
• EUR/USD
• FCHI
• GC
• LCO
• PRTP
• SBF120
• SCHN
• SOIT
• STMPA
• TCFP
• TEPRF
• UBIP

France stocks lower at close of trade; CAC 40 down 0.50%

France's stock market declined, led by losses in tech and consumer goods. EssilorLuxottica reached highs, while STMicroelectronics dropped to lows. Commodities mixed, currencies stable.

• MONC
• PRTP

Sales at Moncler slip 3% in third quarter as demand weakens globally

Moncler's Q3 revenues fell 3% amid declining sales across major markets, reflecting broader luxury industry struggles with consumer spending and macroeconomic challenges.

• PRTP

Kering shares up, shrugging off 2024 operating profit warning

Kering shares rose despite a warning of significantly lower 2024 operating income due to weak demand in China and a 16% drop in Q3 revenue.

• PPRUY
• PRTP

Kering Q3 revenue drops 16% on Asia-Pacific weakness

Kering's Q3 revenue fell 16% to €3.8 billion, impacted by weak demand, particularly in Asia-Pacific. CEO Pinault highlights focus on transformation and cost-cutting for sustainable growth.

• PRTP

France's Kering warns on 2024 operating profit as Gucci sales fall