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☆ Why auction houses are embracing luxury — and celebrity — fashion
▼ + stars: | 2024-04-25 | by ( Joan Kennedy | ) edition.cnn.com time to read: +8 min

(CNN) — There’s a lot of talk about luxury’s rising prices, but it’s at auction that fashion is selling for the most eye-popping of sums. Fashion items from the sets of TV, film and even commercials can also garner high prices. Frank Augstein/APWhile selling prices are widely publicized, auction houses maintain something akin to attorney-client privilege when it comes to the identities of their bidders. In fact, much of the archival fashion seen on stars today has passed through auction. “That dress would now sell for $10 million because of that double whammy connection of a celebrity,” said Nolan.

Persons: —, Celine, Joan Didion, Levi’s, Kurt Cobain, Elton, Burberry, ”, Nicole Kidman, Lucy Bishop, Frank Augstein, Bishop, Audrey Hepburn, Diana —, Victoria, they’re, Lady Gaga, Kim Kardashian, Michael Jackson’s, Laverne Cox, Jordan Strauss, ’, Shannon Hoey, Hoey, Dior, Elizabeth Debicki, Diana, “, Meg Randell, Leigh Anne Clark —, Valentino, Saint Laurent, Chanel, Andre Leon Talley’s Birkin, Christie’s, Anna Wintour, Clark, Talley, would’ve, Andre Leon Talley's, Meghan McCarthy, Renae Plant, Diana’s, It’s, Carrie Bradshaw, Martin Nolan, Carrie Bradshaw's, Craig Blankenhorn, Barbie, Marilyn Monroe, John F, Kennedy, Nolan, Read Organizations: The, Fashion, CNN, AMC, Albert Museum, York’s Metropolitan Museum of Art, Vogue, USA, Plant, City, Julien’s, HBO Locations: London, Dallas, Palm Beach , Florida, California, Paris, Australia

☆ FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings
▼ + stars: | 2024-04-22 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

The U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade's parent company, Tapestry . With the transaction, the luxury brands could be poised to better compete with European luxury names, such as Burberry and LVMH's Louis Vuitton. Both Tapestry and Capri have been under pressure, as consumers continue to be choosier with discretionary spending. Yet Capri, in particular, has been more vulnerable because of its heavier reliance than Tapestry on department stores and other wholesale retailers. The vast majority of Tapestry's sales are through its own website and stores, with wholesale accounting for only about 10% of sales globally in the most recently reported fiscal quarter.

Persons: Kate Spade's, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, LVMH's Louis Vuitton, Joanne Crevoiserat, Tapestry, Crevoiserat Organizations: U.S . Federal Trade Commission, Capri Holdings, Burberry, Tapestry, CNBC Locations: Europe, Japan, Capri

☆ Victoria Beckham at 50: Posh Spice’s most memorable fashion moments
▼ + stars: | 2024-04-17 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

Her image shifted in 2008 after she launched her eponymous fashion brand, which has since shown regularly at London, New York and Paris Fashion Weeks. While her wardrobe today tends to skew more subtle, there’s still nothing Victoria can’t style out — including, most recently, a pair of crutches to support her broken ankle. LBDs and all-black looks were a mainstay of Victoria's wardrobe as Posh Spice, demonstrated here at Grosvenor House in London during the Ivor Novello Awards in 1997. Andreas Rentz/Getty ImagesHer penchant for color-blocking, particularly in bright reds and oranges, have become a signature feature of Victoria's look — shown here during a visit to New York in 2017. Raymond Hall/GC Images/Getty ImagesShadows of her '90s style are still visible in her wardrobe today.

Persons: Victoria Beckham, David Beckham, Victoria, ”, ” Victoria, “, Ivor Novello, Dave Benett, Dave Hogan, Mick Hutson, Redferns, Jade, David, Chris Eades, Shutterstock, Marc Piasecki, Victoria's, Birkin, Robyn Beck, Suhaimi Abdullah, forgoing, Andreas Rentz, Raymond Hall, Pascal Le Segretain Organizations: CNN, Spice Girl, burberry, Paris, Vogue, Grosvenor House, Spice, Wembley Arena Victoria, VH1, Hulton, Burberry, LA Galaxy, Cannes Locations: England, London , New York, Victoria, Grosvenor, London, Ibiza, Paris, California, AFP, Singapore, New York

☆ Look of the Week: Billie Piper and the enduring glamour of the headscarf
▼ + stars: | 2024-04-04 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

Editor’s Note: Featuring the good, the bad and the ugly, ‘Look of the Week’ is a regular series dedicated to unpacking the most talked about outfit of the last seven days. CNN —If it wasn’t for the fact she was signing autographs outside the CBS studio in New York, many would have thought Billie Piper was attempting to go unnoticed. Wrapped, folded or tied under the chin; the headscarf is perhaps one of the most diverse — and historic — accessories in fashion’s arsenal. The same day, Julia Fox was spotted in another headscarf — styled with her Velveeta cheese curls and chunky boots. Sewn under the chin with the corners laid flat like a collar, each was etched with a different hairstyle.

Persons: Billie Piper, Piper, Julia Fox, Bauer, Griffin, Hermès, Olivia Palermo —, Queen Elizabeth II, Jackie Onassis, Grace Kelly, Princess, Monaco —, Hubert de Givenchy, Piper —, ”, Prince Andrew —, Giles Hattersley Organizations: CNN, CBS, Sloane, Givenchy, Copenhagen Fashion, Netflix, Vogue Locations: New York, Hollywood, West, Dua Lipa, Paris, Copenhagen, London

☆ Dealing with teenage daughters is difficult. Raising mine in the Middle East made it even harder.
▼ + stars: | 2024-04-01 | by ( Ulrike Lemmin-Woolfrey | ) www.businessinsider.com time to read: +4 min

Read previewMy husband and I were sitting outside our house in Dubai, ignoring the noise coming from partying teenagers inside. Instead, she was used to being brought back by car to our house after a sleepover at a friend's house. Parents and teenage daughter ballooning over the Yarra Valley in Australia. We packed up and moved to Australia, in order to allow our daughter a sample of "normal life" as a teenager. But that's normal teenage behavior too.

Persons: —, stealthily, It's, Christina, expat, Ulrike Lemmin Organizations: Service, United Arab Emirates, United Arab, Business, Burberry Locations: Dubai, United Arab Emirates, Doha, Qatar, Muscat, Oman, UAE, Yarra, Australia, Melbourne

☆ Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands
▼ + stars: | 2024-03-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

A Gucci store at Harbour City shopping mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023. Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. Kering plunged to the bottom of the Stoxx 600 after a delayed open, dragging other European luxury lines with it. Gucci comparable revenues in the first quarter are expected to be down by nearly 20% year on year." The slowdown is expected to derive primarily from Asia — and chiefly from China, whose economy has been struggling.

Persons: Gucci, Kering, Christian Dior, Hermes, Burberry Organizations: Wharf Holdings Ltd, Gucci, Asia — Locations: Harbour City, Hong Kong, China, Asia, London, Pacific

He was elegant at the Oscars in a custom Louis Vuitton double-breasted tuxedo with crystal buttons and gold-tipped cowboy boots. There was her black 3D molded custom Louis Vuitton petal dress for the Emmys. He mixed patterns in a red Vuitton evening jacket and trouser set for the Golden Globes. She picked up a supporting actress Oscar in a custom Louis Vuitton gown in pale blue with oversize, fringed sleeves. At the Golden Globes, his sling came with nail art that spelled “ouchy,” the best accessory of the night.

Persons: Margot Robbie, Jeremy Allen White, Danielle Brooks, Christian Siriano, Zendaya, Timothée Chalamet, COLMAN DOMINGO, Valentino Haute Couture, Louis Vuitton, “ Rustin ”, Domingo, LILY GLADSTONE, ”, Valentino, Lenise Omeasoo, Joe Big, CILLIAN MURPHY, Oppenheimer, Saint Laurent, he's, Barbie, AYO, BARRY KEOGHAN, Keoghan, Tiffany, DA'VINE JOY RANDOLPH, Valdrin Sahiti, Randolph wowed, Robert Wun, Randolph, Oscar, PEDRO PASCAL, “ ouchy, GRETA LEE, Loewe, Loewe's Jonathan Anderson Organizations: Screen, British Vogue, Golden Globes, Hollywood, Burberry, Givenchy, British Film, Bottega Locations: Hollywood, British, Bottega Veneta

☆ Ivanka Trump's style has done a full 360° since ditching her father's campaign and distancing herself from politics — just check her Instagram
▼ + stars: | 2024-03-10 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +7 min

Read previewIvanka Trump's days as a prominent White House advisor are behind her, and she's got a new image in the works. Donald Trump and Ivanka Trump on March 20, 2020 in Washington, DC. AdvertisementJared Kushner and Ivanka Trump walk on the south lawn of the White House on November 29, 2020. In the White House, Ivanka's style was professional and predictableAs an advisor, Ivanka's style while working at the White House can be summed up in a few words: professional, feminine, and safe. AdvertisementDon Jr., Donald Trump, and Ivanka Trump on "The Celebrity Apprentice" in 2009.

Persons: —, she's, It's, Donald Trump, Ivanka Trump, Alex Wong Namely, Ivanka, Jared Kushner, Tasos Katopodis, Trump, minidresses, Don Jr, Bill Tompkins, Escada, Marcus, Steven Mnuchin, Oscar, la, Neiman Marcus, Donald, Mitra Ahouraian, I'm, Alessandra Rich, Emilio Pucci, Pucci, Kim Kardashian, Monique Lhuillier, Ahouraian, Kardashian, Kushner, Ambani, Manish Malhotra Organizations: Service, White, Business, New York, Trump Org, White House, Getty, Neiman, Footwear News, United, Treasury, Mail, Gucci, Miami Grand Prix, Footwear, Fontainebleau Locations: Washington , DC, New, New York City, Florida, New York, United States, Fontainebleau Las Vegas, India

☆ Hugo Boss plunges 18% on pessimistic sales outlook in worst day since 2016
▼ + stars: | 2024-03-07 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Façade and window displays of the Boss store by Hugo Boss, in the Salamanca district, on 25 February, 2023 in Madrid, Spain. Shares of Hugo Boss plunged 18%, before paring losses slightly Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand. CEO Daniel Grieder told CNBC on Thursday that 2023 was a "record year," but signaled more modest growth of 3% to 6% in 2024. He added that the company's ambition to reach 5 billion euros in sales — originally etched for 2025 — may be "slightly delayed." However, Grieder said Hugo Boss, known for fashion apparel and fragrances, was well positioned as an "affordable luxury" brand that can offer pricing flexibility without compromising margins.

Persons: Hugo Boss, Daniel Grieder, —, Grieder Organizations: CNBC, Burberry Locations: Salamanca, Madrid, Spain

☆ Victoria Beckham’s Paris Fashion Week show stormed by animal rights protesters
▼ + stars: | 2024-03-02 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +1 min

CNN —Victoria Beckham’s Paris Fashion Week show was disrupted by animal rights activists as they joined her models on the catwalk to protest her brand’s use of animal products such as leather. Protesters in white vests reading “turn your back on animal skins” and “animals aren’t fabric” walked along models on the runway on Friday, holding signs reading “Viva vegan leather,” before being escorted away by security. Animal rights group Peta said that although Beckham’s brand has banned the use of fur and exotic skins in its collections, it still uses leather, including calfskin. “No garment or accessory is worth violently slaughtering and skinning a sensitive and intelligent animal,” PETA Vice President for Europe Mimi Bekhechi said in a statement. Her autumn/winter 2024 collection showcased styles including sheer dresses, garments with sculpted curved hems and necklines, and boxy blazers.

Persons: Peta, ”, Europe Mimi Bekhechi, Victoria Beckham, Bekhechi, Beckham, David Organizations: CNN, Victoria Beckham’s, ” PETA, Burberry Locations: Europe, New York, London, Fendi, Milan

☆ London Fashion Week: Highlights from the Fall-Winter 2024 runways
▼ + stars: | 2024-02-21 | by ( Fiona Sinclair Scott | Leah Dolan | ) edition.cnn.com time to read: +10 min

Ben BroomfieldFaux furFleecy, fuzzy or fine: Faux fur was a key textile on the London runways. Ben Broomfield/Ben Broomfield @photobenphotoRobyn Lynch gave the white anorak a romantic silhouette during her Fall-Winter 2024 show. Maja SmiejkowskaStaged in a Gothic Revival church in East London, Dilara Findikoglu's show was a twisted fantasy. Dilara FindikogluSinead O'Dwyer, whose collection was inspired by a not-so-appropriate take on office wear, led the charge on diverse casting this season. Chris YatesModel on the runway at Molly Goddard RTW Fall 2024 as part of London Ready to Wear Fashion Week held at the Cecil Sharp House on February 17, 2024 in London, England.

Persons: scrappy, Vivienne Westwood, Alexander McQueen, John Galliano, Jonathon Ferris, John Malkovich, Maximilian Raynor’s, Harris Reed, Victoriana, — Conner Ives, Sinead Gorey —, Ives, Gorey, Maria Callas —, JW Anderson, Jonathan Anderson, ”, Amy Winehouse’s, Lily Cole, Agyness Deyn, Edward Crutchley, Stephen Jones ’ millinery, Molly Goddard’s, ” Goddard, ” Molly Goddard, Ben Broomfield, Broomfield, Simone Rocha, Jean Paul Gaultier, Queen Victoria, Conner Ives, Precious Lee, Sinead Gorey, Johanna Parv, Parv, Daniel Lee, moleskin, Henry Nicholls, Robyn Lynch, Lynch upcycled outerwear, Ben Broomfield @photobenphoto Robyn Lynch, Chris Yates, Naomi Campell, Joe Maher, Daniel Lee's, Filippo Fior, Burberry Erdem, Giovanni Giannoni, Jason Lloyd Evans, Jason Lloyd Evans Harris, Marc Hibbert Jonathan Anderson's, JW Anderson “, ” Anderson, ” JW Anderson, Ben Broomfield Sinead Gorey, Eamonn M . McCormack, Aldama Precious Lee, Maja Smiejkowska, Dilara, Dilara Findikoglu Sinead O'Dwyer, Chris Yates Lottie Moss, Kate Moss's, Sinead O'Dwyer, Molly Goddard RTW, Cecil Sharp, Aitor Rosas Sune, WWD, Rosas Sune, Molly Goddard's frilly, Ahluwalia Organizations: London CNN, Central Saint Martins, Tate, JW, Fashion, Burberry, British Vogue, Jean Paul Gaultier couture, Getty, ., Company, British Museum, Getty Images Locations: London, Tate Britain, East London’s, Paris, AFP, Irish, East London, England, Nigeria

☆ Estee Lauder to cut jobs on delayed China recovery; shares surge 16%
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: +2 min

Pedestrians walk past the American multinational skincare, and beauty products brand, Estée Lauder (Estee Lauder) logo seen in Hong Kong. Shares were up 16% in early trading after the company also handily beat second-quarter profit estimates. Estee also cut its annual profit forecast for a second time as its U.S. business slowed down, with a post-pandemic spending spree sputtering. Organic net sales in the Americas fell 1% in the quarter, compared to the 6% growth in the prior quarter. Estee now expects full-year 2024 adjusted profit per share between $2.08 and $2.23, compared with $2.17 to $2.42 earlier.

Persons: Estée Lauder, Estee Lauder, Richemont, Bernstein, Callum Elliott, Estee, Javier Gonzalez Lastra Organizations: MAC, Cartier, Burberry, Tema Locations: American, Hong Kong, China, Asia, Pacific, Americas

☆ LVMH shares jump 8% as earnings point to luxury sector resilience
▼ + stars: | 2024-01-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024. LVMH shares jumped more than 8% on Friday morning, after the world's largest luxury group posted higher-than-expected sales for 2023 and raised its annual dividend. The result was boosted in particular by 14% annual growth in the critical fashion and leather goods sector, along with 11% growth in perfumes and cosmetics. After a boom during the pandemic, the luxury sector endured a rough end to 2023 as challenging geopolitical and macroeconomic conditions weighed on consumer spending, particularly in the U.S. and China. Javier Gonzalez Lastra, portfolio manager of the Tema Luxury ETF, told CNBC on Thursday that investors are trying to gauge where the bottom of the earnings cycle revision is for the luxury sector.

Persons: Bernard Arnault, LVMH Moet Hennessy Louis Vuitton, LVMH, Louis Vuitton, Hennessy, Bulgari, Javier Gonzalez Lastra Organizations: LVMH, Chandon, Givenchy, Novo Nordisk, Burberry, CNBC, Paris Locations: Paris, France, U.S, China, LVMH, Tema

☆ Kate Moss at 50: A supermodel through the decades
▼ + stars: | 2024-01-16 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +7 min

CNN —British supermodel Kate Moss turns 50 today — and she remains as much a cultural icon as when she emerged as a breakout star more than three decades ago. Johnny Green/PA/Getty Images Kate Moss and her then-boyfriend, the actor Johnny Depp, attend the Golden Globe Awards in 1995. Dave M. Benett/Getty Images Kate Moss and Jamie Hince pose with bridesmaids after getting married on July 1, 2011 in Southrop, England. Jewel Samad/AFP/Getty Images Moss arrives for a screening of the movie "Loving" at the 2016 Cannes Film Festival. Scroll through the gallery above to see some of the most memorable moment’s from Kate Moss’ life and career.

Persons: Kate Moss, Moss, it’s, ”, Corinne Day, Cindy Crawford, Naomi Campbell, Claudia Schiffer, Chanel, Calvin Klein, Johnny Green, Johnny Depp, Ron Davis, Pierre Verdy, Donatella Versace, De, UPPA, Zuma Moss, Pete Doherty, MJ Kim, Alexander McQueen's, Andy Paradise, Banksy, Andy Warhol's, Marilyn Monroe, Carl De Souza, Marc Jacobs, Patrick McMullan, Mario Testino, Kate Who, Dave M, Jamie Hince, bridesmaids, Neil Mockford, Stella Tennant, Lily Cole, Karen Elson, Jourdan Dunn, David Gandy, Jewel Samad, Antonin Thuillier, Stella McCartney, Chris Joseph, Louis Vuitton's, Peter White, Lila, Princess Eugenie of York, Jack Brooksbank, George's, Alastair Grant, Stephane De Sakutin, Amber Valletta, Daniele Venturelli, Amber Heard, Evelyn Hockstein, Jamie McCarthy, David Bailey, Kate, ” Moss, Jefferson Hack, Marc Quinn, Lucian Freud, Johnny Cash, Paul McCartney, Elton John Organizations: CNN, Vogue, Burberry, British Vogue, Getty, Globe, Glastonbury Music, Olympic, London, Louis, Milan, BBC, Forbes, Stripes Locations: British, South London, Croydon, London, Couture, Paris, AFP, Glastonbury, New York City, Southrop, England, St, Windsor , England, Fairfax, Fairfax , Virginia, Arizona, Egypt

☆ Burberry shares fall after profit warning
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBurberry shares fall after profit warningBritish brand Burberry traded down 7% after the company issued a profit warning in response to slowing demand.

Organizations: Burberry Locations: British

☆ Here are some of the 'ludicrously capacious' props from 'Succession' that just sold at auction
▼ + stars: | 2024-01-14 | by ( Hannah Getahun | Associated Press | ) www.businessinsider.com time to read: +3 min

Hundreds of props used in the show "Succession" have been auctioned off. AdvertisementSomeday soon, someone will be walking down the street proudly carrying a ludicrously capacious bag, bought for a ludicrously capacious price. The voluminous Burberry tote is one of the most famous props used on "Succession," the famed HBO saga of the Roy family dynasty, and it sold at auction Saturday for $18,750. It often parodied the lives of the uber-wealthy, with Logan Roy being a nod to the former Chairman of Fox News, Rupert Murdoch. After all, there's no award for "best props" at awards shows like there is for costumes, notes "Succession" prop master Monica Jacobs, who joined the show after the pilot episode.

Persons: Tom Wambsgans, —, Roy, Logan Roy, Waystar, Rupert Murdoch, Matthew Macfadyen's Tom Wambsgans, Roman, Kieran Culkin, Robert Wilonsky, there's, Monica Jacobs, Jacobs Organizations: Burberry, Service, Burberry tote, HBO, Fox News, Golden Globes, Heritage Auctions Locations: Dallas

NEW YORK (AP) — Someday soon, someone will be walking down the street proudly carrying a ludicrously capacious bag, bought for a ludicrously capacious price. Beginning, “My father Logan Roy was a great man,” the four cards represent the tragic failure of Roman (Kieran Culkin) to meet the moment. Tom, in his worst “human-grease-stain” way, imagined aloud what could be in the “ludicrously capacious” tote: “Flat shoes for the subway? (A group of prop sausages went for $5,250.) “The plastic ones are are actually much more durable as props," says Jacobs.

Persons: ”, Roy, “, Logan Roy, Roman, Kieran Culkin, Robert Wilonsky, there’s, Monica Jacobs, Jacobs, Tom, Shiv Roy, Sarah Snook, Logan, Shiv, Jeremy Strong, Kendall, Bridget, Cousin Greg, Nicholas Braun, ” Jacobs, Michelle Matland “, Sandro, — Organizations: Burberry tote, HBO, Heritage Auctions, New York, Express Locations: Dallas, American, New York

European markets closed higher Friday, rounding off a largely negative week, as investors digested fresh U.K. economic data and a fall in U.S. wholesale inflation. The Stoxx 600 index provisionally closed 0.77% higher, with most sectors trading in positive territory. Retail stocks climbed 1.46% despite luxury British brand Burberry trading down 7% after the company issued a profit warning in response to slowing demand, sending other luxury lines lower in morning trade. U.S. wholesale prices, measured in the producer price index, recorded an unexpected monthly decline of 0.1% in December. The U.S. consumer inflation report released Thursday had showed an increase in consumer prices of 0.3% on the month and 3.4% year on year, higher than forecast.

Organizations: Burberry Locations: U.S, Asia, Japan

☆ AI can now tell if your Louis Vuitton handbag is fake
▼ + stars: | 2023-12-25 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Tech company Entrupy says its device can authenticate handbags from brands like Louis Vuitton and Chanel. The AI authenticator is gaining renewed interest as companies seek to cash in on the AI hype. And interest in the AI tool may continue to grow as businesses seek to cash in on the AI hype. Currently only available to resellers of luxury goods, Entrupy claims its tool can authenticate products from luxury brands like Balenciaga, Burberry, Gucci, and Louis Vuitton. Two months later, Humane.ai, an AI startup, launched its AI pin — which the company says can project information onto a user's palm through light — to the market.

Persons: Entrupy, Louis Vuitton, Chanel, —, Gucci, Vidyuth Srinivasan, Elle, there's, that's, TikTok, Entrupy didn't, Meta Organizations: Tech, Service, Burberry

☆ These 5 stocks are on Goldman's European conviction list — and it gives one 130% upside
▼ + stars: | 2023-12-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Goldman Sachs has unveiled its "conviction list" of top stock picks in Europe for December — and London-listed shares of BT Group stand out. Goldman Sachs expects BT's share price to more than double to 290 pence over the next 12 months. Wall Street rivals Morgan Stanley and JPMorgan also believe BT shares are mispriced as investors have undervalued its network arm, Openreach. Conviction list Other prominent stocks on Goldman's conviction list include Delivery Hero , Burberry , Bureau Veritas and Philips . Goldman notes that its conviction list should not be seen as a portfolio, as the stocks are not weighted.

Persons: Goldman Sachs, Goldman, Morgan Stanley, Openreach, Terence Tsui, — CNBC's Michael Bloom Organizations: BT Group, BT, Wall, JPMorgan, Burberry, Veritas, Philips Locations: Europe, London

☆ OK, sure: Gen Z still thinks George Santos is kind of funny
▼ + stars: | 2023-12-03 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

George Santos was expelled from Congress on Friday. AdvertisementTrue diva representation in Congress is now back to zero after scandal-plagued representative George Santos was formally expelled by his colleagues on Friday. Because, for Gen Z, Santos has become something of a star, a man worth having a shrine erected in his honor, per one post on X , "in memory of a Jew-ish icon ." As Santos exits the halls of Congress with post-congressional gym membership perks in tow, Gen Z says, "Gone but never forgotten." Representatives for George Santos did not immediately respond to a request for comment.

Persons: George Santos, —, you've, Gen, Santos, Gen Z, He's, scamming, Lauren Boebert, Mary Magdalene, grumbled, hasn't Organizations: Service, Republican Locations: Washington, Manhattan

☆ London stocks fall as investors await more data; Rolls-Royce shines
▼ + stars: | 2023-11-28 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors fear that the coronavirus outbreak could stall the global economy, in London, Britain, March 9, 2020. The exporter-heavy FTSE 100 (.FTSE) fell 0.6% touching a two-week low intraday, while the more domestically-oriented FTSE 250 midcap index (.FTMC) also shed 0.6%. Personal goods (.FTNMX402040) led declines among the major FTSE 350 sectors, with Burberry Group (BRBY.L) falling 2.7% after HSBC reduced the stock's price target. Investors will look ahead to UK mortgage data, inflation prints across the eurozone, and a Personal Consumption Expenditures (PCE) report in the U.S. - the Federal Reserve's preferred inflation gauge - later this week. Man Group (EMG.L) fell 3.2% after Morgan Stanley downgraded the hedge fund manager's stock to "Equal-Weight" from "Overweight".

Persons: Toby Melville, inflation's, Andrew Jones, Janus Henderson, Dave Ramsden, Jonathan Haskel, Pearson, Morgan Stanley, Shashwat Chauhan, Sonia Cheema Organizations: London Stock Exchange Group, REUTERS, Royce, Burberry Group, HSBC, PT Pearson, Man, Janus Henderson Investors, Bank of England's, Thomson Locations: City, London, Britain, U.S, Bengaluru

☆ After a tough quarter for the global luxury sector, UBS reveals the 3 stocks to buy for 2024
▼ + stars: | 2023-11-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Investors looking ahead to 2024 should pick up shares of Hermes , Cartier owner Richemont and Hugo Boss in the luxury goods sector, according to UBS. The Swiss investment bank has a bullish call on those three stocks, though it struck a more cautious tone for the sector. RMS-FR CFR-CH,BOSS-DE YTD line UBS has a price target of 85 euros ($93) a share for Hugo Boss, which points to a 38% upside from the current share price. The Swiss bank also raised its price target for Hermes to 2,216 euros, which is 12% above its current share price. The outlook for the three stocks contrasts with UBS' view that slowing sales momentum and easing pricing power warrant caution on the luxury sector on the whole.

Persons: Cartier, Richemont, Hugo Boss, Zuzanna Pusz, Hermes Organizations: Hermes, UBS, Amundi, CFR, Burberry, EssilorLuxottica, Swatch, Tod's Locations: Swiss

☆ Meet the Thai celebrities — and ‘boys love’ stars — becoming fashion’s newest power players
▼ + stars: | 2023-11-21 | by ( Tiffany Ap | ) edition.cnn.com time to read: +10 min

(CNN) — Back in February, Nattawin Wattanagitiphat’s fans spared no expense in marking the Thai actor’s 29th birthday. Local media reported his birthday haul totaled 50 million Thai baht, or around $1.4 million. But more often than not, the Thai stars who are able to build international fan bases tend to be actors. “K-pop stars dedicated their lives training (from a young age) to be idols,” but Thai stars, she said, can be more relaxed. We don’t really keep the talent in a box like Korean companies do.”Another advantage some Thai celebrities have is their ability to resonate among Chinese audiences.

Persons: Nattawin, Christian Dior, Lefty.io, Karla Otto, TikTok, Kylie Jenner, Zendaya, Pascal Le Segretain, Dior, Tontawan Tantivejakul, Lalisa Manobal, Lisa, Celine, There’s, Pharrell Williams, Louis Vuitton, Davika Hoorne, Urassaya Sperbund, ‘, Calvin Klein, Bright’s, Metawin, ’, Nichapat, Sumettikul, “ KinnPorsche ”, Ralph Lauren, Kanawut, Suphap, It’s, “, ”, ” Suphap, Blackpink, Jisoo, Jennie, Rose, Evan Agostini, Dior womenswear, Jennifer Lawrence, Robert Pattinson, Fatti, ” Laleh, ” Davika Hoorne, Michael Kors, Jamie McCarthy, Traipipattanapong, Gucci, Justin Shin, Krisda Witthayakhajorndet, Thais Organizations: The, Fashion, CNN, Thai, Rolex, Vogue, Mastercard, Bain & Company, American Vogue, Burberry, Prada, Venture Management, Gucci, MTV, Apo, South Locations: ’, Asia, India, Instagram, Thailand, North, South Asia, Thai, Southeast Asia, Pacific, Bangkok, Pee Mak, Norwegian, American, Vogue Thailand, Newark , New Jersey, Launchmetrics, Paris, Blackpink, Brooklyn , New York, Seoul, South Korea

☆ Banks may resist China’s push to help developers
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Stringer Acquire Licensing RightsSINGAPORE, Nov 21 (Reuters Breakingviews) - Beijing is giving Chinese banks another nudge to persuade them to play the property white knight. Regulators including the People’s Bank of China are drafting a “whitelist” of 50 property developers, including state-backed China Vanke (000002.SZ) and fully private ones like Seazen (1030.HK) and Longfor (0960.HK), Bloomberg reported citing unnamed sources. More importantly, barring specific lending targets, banks are likely to remain in wait-and-see mode because they fear getting stuck with a mountain of bad loans. Last December, Chinese banks pledged new credit lines worth around 3 trillion yuan ($424 billion) to a dozen developers deemed worth saving, following a similar effort by Beijing. But at a time when China’s outstanding property loans are contracting, such vaguely worded guidance loses relevance.

Persons: Stringer, Yawen Chen, Francesco Guerrera, Thomas Shum Organizations: REUTERS, Rights, Reuters, Regulators, People’s Bank of China, HK, Bloomberg, X, Walmart, Thomson Locations: Dalian, Liaoning province, China, Rights SINGAPORE, Beijing

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