Luxury Stocks Are Going Out of Fashion. It's the China Syndrome.
The world's second biggest economy is in a slowdown. High-end retailers were counting on the wealthy opening their wallets. Now what?
Source: marketwatch.com
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Richemont Buys Controlling Stake In Shoemaker Gianvito Rossi
By David Sachs Compagnie Financiere Richemont said Friday that it has acquired a controlling stake in Gianvito Rossi for undisclosed sum. The Swiss luxury...
Source: marketwatch.com
Richemont 1Q Sales +14%
By Cecilia Butini Compagnie Financiere Richemont on Monday posted higher sales for the first quarter of its financial year, which it said were driven by its...
Source: marketwatch.com
US Futures Flat, European Stocks Fall After Weak China Data
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict...
Source: marketwatch.com
Richemont Shares Slide After Lower-Than-Expected Sales Figures
By Cecilia Butini Shares in Compagnie Financiere Richemont slid in opening trade on Monday after the company posted sales figures that were slightly below...
Source: marketwatch.com