Edition:
United Kingdom

Pascale Denis

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

25 Jul 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 first half profits rise

25 Jul 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

25 Jul 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 (£1.4 billion ) in France by the end of next year.

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

02 Jul 2019

PARIS Gucci, the luxury brand that powers most of parent Kering's profits, made its first steps in high-end jewellery 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

02 Jul 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

17 Jun 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.

Fashion house Chanel reaffirms its independence as sales and profits rise

17 Jun 2019

PARIS, June 17 Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away earlier this year, reported higher annual sales and profits on Monday and once again reaffirmed its independence, stating it was not for sale.

China's 'Gen Z' shoppers fuelling luxury market momentum: Bain

13 Jun 2019

PARIS Chinese "Gen Z" shoppers in their early 20s are emerging as an increasingly powerful force in the luxury industry as brands try and tap into buoyant demand for high-end goods in the world's second-biggest economy, consultancy Bain said on Thursday.

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