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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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Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray/File Photo Acquire Licensing Rights Oct 23 (Reuters) – Australia’s Treasury Wine Estates (TWE.AX) said on Monday it is well placed to rebuild its business in China including re-building distribution for the Penfolds … 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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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