Kering joins luxury peers in defying China slowdown

Gucci owner Kering on Tuesday became the latest European luxury brand to defy fears of a slowdown in Chinese demand......»»

Gucci-owner Kering has closed half of its stores in China and shelved new openings and advertising campaigns there as the coronavirus epidemic throws luxury brands into turmoil......»»

Kering said on Wednesday the coronavirus epidemic in China could heighten uncertainties for the luxury goods market, as the group posted higher-than-expected sales for the fourth quarter of 2019, helped by its star brand Gucci......»»

Kering said on Wednesday the coronavirus epidemic in China could heighten uncertainties for the luxury goods market, as the group posted higher-than-expected sales for the fourth quarter of 2019, helped by its star brand Gucci......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

When Tiffany & Co said this month it was sending its priciest jewelry to mainland China to reach wealthy shoppers no longer jet-setting abroad, it reflected a trend helping global luxury brands weather a Chinese economic slowdown......»»

Thriving demand in mainland China drove sales higher at luxury brand Hermès in the third quarter, helping the Birkin-handbag maker offset a slowdown in Hong Kong. Francis Maguire reports......»»

China's economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement......»»

China's economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement......»»

Daimler's China chief said sales rose 3 percent in the first quarter, defying an overall downturn in demand in the world's biggest car market, thanks to robust demand for ultra luxury vehicles like the Mercedes S-Class Maybach......»»

LVMH s.....»»

Two weeks after China - the top importer of Iranian crude oil - defied the White House, disclosing that it would continue importing Iranian oil ignoring US sanctions on Tehran, India, t.....»»

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......»»

Robust appetite in the third quarter for Louis Vuitton handbags and other high-end goods sold by LVMH failed to dispel fears of a looming slowdown in Chinese demand on Wednesday, as shares across the sector tumbled......»»

European luxury stocks fell after results from LVMH Moët Hennessy Louis Vuitton failed to allay concerns about a potential slowdown in spending by Chinese consumers......»»

The stock of luxury consumer giant LVMH, owner of Louis Vuitton, Christ.....»»

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. Julian Satterthwaite reports......»»

With concerns about Chinese consumption growing, HSBC analysts offer suggestions for luxury investors......»»

Investors are right to be wary of the Kering brand’s big bet on outlandish designs, as well as the risks of a broader luxury slowdown......»»

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