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A logo of luxury goods company Prada is seen at the entrance of a shop in Brussels, Belgium July 2, 2021. REUTERS/Yves Herman/File Photo Acquire Licensing Rights SHANGHAI, Dec 6 (Reuters) – Prada has ambitions to double its business in China over the medium term, Gianfranco D’Attis, chief executive of the Italian luxury fashion house’s … Read more
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Shein yet to determine IPO size, valued at over $60 bln in May IPO comes amid challenging markets and U.S. scrutiny Fast-fashion retailers still behind Amazon on sales Nov 27 (Reuters) – Fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter said on Monday, in … Read more
BENGALURU, Nov 3 (Reuters) – India’s Raymond (RYMD.NS) said on Friday it would pay 6.82 billion rupees ($82 million) for a majority stake in an auto parts maker, doubling down on its shift away from its once mainstay textiles business into engineering and real estate. Raymond said it will buy a 59.25% stake in Maini … Read more
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[1/2]An Estee Lauder cosmetics counter is seen in Los Angeles, California, U.S., August 19, 2019. REUTERS/Lucy Nicholson/File Photo Acquire Licensing Rights Nov 1 (Reuters) – Estee Lauder (EL.N) and Canada Goose Holdings (GOOS.TO), on Wednesday cut their annual forecasts as the luxury goods companies grapple with weak demand in high-growth market China. Estee’s shares tumbled … Read more
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[1/2]The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren/File Photo Acquire Licensing Rights TSX ends down 0.5% at 19,348.81 Posts its lowest closing level since Oct. 6 Real estate sector loses 1.7% Canada Goose shares fall after brokerage downgrades … Read more
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A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights Oct 11 (Reuters) – LVMH-backed Birkenstock (BIRK.N) was set to list its shares on the New York Stock Exchange on Wednesday after the German luxury sandal maker notched a … Read more
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A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights NEW YORK, Oct 10 (Reuters) – German premium footwear Birkenstock Holding (BIRK.N) chose to price its U.S. initial public offering (IPO) conservatively at the middle of its indicated price … Read more
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People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello Acquire Licensing Rights PARIS, Oct 10 (Reuters) – Luxury goods bellwether LVMH (LVMH.PA) reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as a strong wave of post-pandemic spending eases due … Read more
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[1/3]A Louis Vuitton logo is seen outside a store on the Champs-Elysees avenue in Paris, France, June 27, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing Rights LONDON/PARIS, Oct 9 (Reuters) – Europe’s luxury brands may have sparkled at Paris Fashion Week, but investors are questioning their taste for the shares in the face of a Chinese … Read more
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Apr 29, 2023; Mexico City, Mexico; New Era caps on display during a MLB World Tour game at Estadio Alfredo Harp Helu. Mandatory Credit: Kirby Lee-USA TODAY Sports/File Photo Acquire Licensing Rights NEW YORK, Sept 7 (Reuters) – New Era Cap LLC, a supplier of major U.S. sports league headware, has kicked off preparations for … Read more