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Gucci: Gucci's China shock reverberates across the luxury landscape

Fears of a slowdown in luxury spending among Chinese consumers have been growing for some time, and recent events have underscored this concern. Kering SA, the parent company of Gucci, experienced a significant decline in its market value following a warning about slumping sales of Gucci products in China.
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Prada S.p.A. (OTCMKTS:PRDSF) Sees Large Drop in Short Interest

Prada S.p.A. (OTCMKTS:PRDSF – Get Free Report) was the recipient of a large drop in short interest in February. As of February 29th, there was short interest totalling 3,300 shares, a drop of 93.3% from the February 14th total of 49,400 shares. Based on an average daily trading volume, of 4,300 shares, the days-to-cover ratio […]
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