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UPDATE 1-Europe's luxury stocks hit 7-week low as selloff continues

A gauge of top luxury stocks in Europe fell to seven-week lows on Wednesday as a selloff in the sector continued following a strong run this year that has been key for positive returns across broader European markets.

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Two Russians resign from supervisory board of Dutch yacht maker Heesen

Two Russian members of the supervisory board of Dutch luxury yacht maker Heesen Yachts stepped down on Wednesday, the company said, citing "developments of the current international situation in Ukraine."

Hamburg , Germany , United-states , Netherlands , Maldives , Russia , France , Cyprus , Ukraine , Amsterdam , Noord-holland , Russian

Luxury watch marketplace WatchBox raises $165 mln in funding round

Luxury watch marketplace WatchBox raised $165 million of equity capital in a funding round to continue its global expansion, it said on Tuesday.

Zurich , Züsz , Switzerland , Dubai , Dubayy , United-arab-emirates , United-states , Singapore , A-lange-sohne , David-goodman , Justin-reis , Audemars-piguet

Ralph Lauren raises full-year revenue outlook

Ralph Lauren Corp raised its full-year revenue forecast on Tuesday, helped by resurgent demand for high-end apparel in North America.

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Asia reopening boosts travel, fashion brands; pandemic winners take backseat

Fashion brands and airlines are creeping back into investors' good graces in Asia as lockdowns ease and vaccination rises, boosting travel and leisure activities, taking some shine off pandemic stalwarts such as supermarkets and gadget makers.

China , Seoul , Soult-ukpyolsi , South-korea , Australia , Japan , Tokyo , Sydney , New-south-wales , Singapore , Australian , Chinese

European shares dip on inflation worries, weak China data

European shares opened lower on Monday, as surging commodity prices added to fears around a burgeoning energy crisis, while weak data from China kept concerns around slowing economic growth alive.

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Pandemic-related delays force retailers to tweak holiday messages

Season’s greetings from your favorite retailer come with a 2021-style postscript. 

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Luxembourg, EU snub Pompeo in final Europe trip, diplomats say

U.S. Secretary of State Mike Pompeo cancelled his Europe trip at the last minute on Tuesday after Luxembourg's foreign minister and top European Union officials declined to meet with him, European and U.S. diplomats familiar with the matter said.

Washington , District-of-columbia , United-states , Afghanistan , Iran , Belgium , China , Luxembourg , North-korea , Brussels , Bruxelles-capitale , Berlin

LVMH buys perfume company Officine Universelle Buly 1803

Luxury group LVMH has purchased French perfume and cosmetics company Officine Universelle Buly 1803 with an eye to expanding it abroad, adding to its sprawling empire of high end labels.

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Advent-owned Olaplex prices its upsized IPO at $21 per share

Olaplex Holdings Inc, owned by private equity firm Advent International, priced shares in its intial public offering at $21 per share, which will begin trading on Thursday, the hair products maker said.

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