Exclusive: Investors to challenge Neiman Marcus bankruptcy loan, push for sale – sources
(Reuters) – An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point…
China virus scare sends shudder through European luxury goods sector
MILAN (Reuters) – European luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in…
France’s LVMH close to buying Tiffany after sweetening offer: sources
(Reuters) – LVMH (LVMH.PA) is close to buying U.S. jewelry chain Tiffany & Co (TIF.N) for about $16.3 billion after…
Big companies commit to slash emissions ahead of U.N. climate summit
UNITED NATIONS (Reuters) – Almost 90 big companies in sectors from food to cement to telecommunications are pledging to slash…
Vuitton to hire more French handbag makers as Chinese sales boom
BEAULIEU-SUR-LAYON, France (Reuters) – LVMH’s (LVMH.PA) Louis Vuitton brand will hire another 1,500 manufacturing staff in France by 2022, as…
Macy’s shares sink as discounts to clear inventory hurt, tourism drops
(Reuters) – Macy’s Inc (M.N) cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the…
Macy’s sinks as discounts to clear inventory backfire, tourism drops
(Reuters) – Macy’s Inc (M.N) slashed its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the…
Wall Street tumbles on rising fears of recession
(Reuters) – Wall Street main indexes slid more than 2% on Wednesday, as a closely watched U.S. bond market indicator…
Investors look for consumer pressure ahead of next tariffs
(Reuters) – As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of…
BMW picks Oliver Zipse as new CEO
FRANKFURT (Reuters) – BMW (BMWG.DE) said Oliver Zipse will become chief executive on Aug. 16, picking the 55-year-old manufacturing expert…
Boxing with giants: Italy’s packing robots are not just cardboard cutouts
(This June 28 story corrects Romaco’s nationality to German, not Italian, in paragraph 17) By Silvia Aloisi CITTÀ DI CASTELLO,…
Kering crown jewel Gucci banks on high-end gems for growth
PARIS (Reuters) – Gucci, the luxury brand that powers most of parent Kering’s (PRTP.PA) profits, made its first steps in…
Rich get richer, everyone else not so much in record U.S. expansion
NEW YORK (Reuters) – Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one…
U.S. firms say China tariffs will raise costs, see few sourcing alternatives
WASHINGTON (Reuters) – A wide range of U.S. companies told a hearing in Washington on Monday that they have few…
Factbox: U.S. companies warn Trump’s tariffs could hit results
(Reuters) – A host of U.S. consumer companies have warned that costs related to tariffs on goods imported from China…
Nordstrom cuts 2019 forecast after quarterly results miss big
(Reuters) – Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter…
Nordstrom’s full-price comparable sales for holiday season disappoints
FILE PHOTO: The Nordstrom store is pictured in Broomfield, Colorado, February 23, 2017. REUTERS/Rick Wilking (Reuters) – Nordstrom Inc (JWN.N)…
‘Pooey Puitton’ purse said to irk Louis Vuitton, prompts lawsuit
(Reuters) – A California toy company has sued Louis Vuitton to stop the French luxury goods maker from interfering with…
Trade war threatens reign of luxury stocks
LONDON/PARIS (Reuters) – An escalating trade war between the United States and China could abruptly end a glittering stock market…