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☆ Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high
▼ + stars: | 2024-11-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Analysts responded positively to the news, pointing to a potential "turning point" for the embattled brand. The plans were delivered alongside Burberry's 2024 interim results, which saw sales fall 20% for the second consecutive quarter. A 'turning point' for embattled BurberryThe underperformance comes amid a wider slowdown in the luxury sector, with the personal luxury goods market set to contract 2% this year. Mamta Valechha, consumer discretionary analyst at Quilter Cheviot, described it as a "turning point in what has been a very difficult period." Pedestrians walk past the window display of the store of British fashion label Burberry, in central London, on September 2, 2024.

Persons: Kevin Lee, Schulman, Joshua Schulman, Michael Kors, Burberry, Burberry Schulman, Burberry's, Piral Dadhania, Dadhania, Mamta, Cheviot, Henry Nicholls Organizations: Getty, Burberry, RBC Capital Markets, Afp Locations: Shanghai, London

☆ Burberry's FTSE relegation confirms a long fall from grace for the luxury fashion icon
▼ + stars: | 2024-09-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

The company slipped into the FTSE 250 during September's quarterly rebalancing, index provider FTSE Russell said in a statement, bringing its 15-year run in the U.K. large-cap FTSE 100 blue-chip index to a close. The company's current market cap of £2.34 billion ($3.06 billion) now puts it well below the other constituents of the FTSE 100, as well as some of the top performers in the FTSE 250. As such, funds that invest in the FTSE 100 will exit their Burberry holdings. The luxury label's addition to the FTSE 100 in September 2009 was taken as a further mark of its enduring appeal and its resilience, even amid the global financial crisis. The luxury sector as a whole has suffered from a prolonged downturn in consumer spending amid inflationary pressures and broader economic uncertainty.

Persons: Dave Rushen, Burberry Burberry's, Edward Berthelot, —, Joshua Schulman, Luca Solca, Bernstein, Michael Kors, Josh Schulman, Solca, Burberry, Piral Dadhania, Richard Chamberlain, Schulman, Gerry Murphy, Cole Smead, Henry Nicholls, Smead, Hugo Boss, Gucci, Kering Organizations: UNITED, Burberry, New Bond, Getty, LONDON, Burberry Group, Russell, London Stock Exchange, jittery, CNBC, RBC, Sky News, Smead Capital Management, Afp Locations: UNITED KINGDOM, Basingstoke, England, British, U.S, London, China, Asia, Japan

☆ RBC: Nike should have a strong earnings print due to markdowns and promotional activity
▼ + stars: | 2023-06-29 | 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 EmailRBC: Nike should have a strong earnings print due to markdowns and promotional activityPiral Dadhania, Executive Director of European Luxury & Premium Brands at RBC Capital Markets, discusses what to expect from Nike earnings.

Organizations: RBC, Nike, European, Premium Brands, RBC Capital Markets

☆ Kering shares up on report company seeks to buy Tom Ford
▼ + stars: | 2022-11-04 | by ( Mimosa Spencer | ) www.reuters.com time to read: +3 min

PARIS, Nov 4 (Reuters) - Shares in Gucci-owner Kering (PRTP.PA) rose in early Friday trading following a report the French luxury goods company is in advanced talks to buy U.S.-based fashion label Tom Ford. Shares were up 2.4% in morning trade, after the Wall Street Journal on Thursday reported the company was the front runner for a deal, with rivals including Estee Lauder (EL.N). "The logic is compelling," said Piral Dadhania of RBC, of such a deal, citing Tom Ford's past as creative director of Kering labels Gucci and Yves Saint Laurent in the nineties and into the early 2000s, as well as the label's high positioning. Kering, which has been bulking up its eyewear division, recently purchasing U.S. label Maui Jim, has also signalled interest in expanding into beauty. With few financial details available on Tom Ford's label, some analysts were cautious.

☆ RBC says buy Nike, the '100lb gorilla in sportswear' as stock is poised to surge 27%
▼ + stars: | 2022-09-22 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

The firm on Thursday initiated coverage of Nike with a buy rating and a $125 price target, implying a 27% upside to shares. Nike has also stayed one step ahead of its competition through digital and direct to consumer growth. "Nike Digital generated $11bn revenues in FY22 (almost 60% of DTC), of which half are derived from its app suite." China growth In addition, as China comes back online following prolonged Covid-lockdowns, there are green shoots for Nike in the region. If margins in China recover to their peak of 38%, RBC sees mid-single digit earnings upside for Nike.

☆ Exporturile de ceasuri elveţiene, cea mai mică creştere din ultimii trei ani
▼ + stars: | 2021-01-15 | by ( ) www.jurnal.md time to read: +2 min

Datele statistice publicate marţi de Federaţia Industriei Elveţiene de Orologerie arată că exporturile de ceasuri au crescut cu 2,4%, până la 21,7 miliarde franci (22,4 miliarde dolari) în 2019. Cu toate acestea, exporturile spre Hong Kong, o piaţă de export importantă, au scăzut cu 11% pe fondul protestelor violente din această metropolă care au dus la închiderea magazinelor. Potrivit acestuia, firmele care produc produse de lux generează aproximativ 35% din venituri de pe urma consumatorilor chinezi. De asemenea, în 2003, epidemia de SRAS a dus la o scădere de 20% a călătoriilor internaţionale. Industria de orologerie reprezintă aproximativ 10% din exporturile totale ale Elveţiei şi asigură aproximativ 57.000 de locuri de muncă.

Persons: Tissot . Organizations: Agerpres, Swatch Group AG Locations: Hong Kong, Asia, Europa, America, China, Beijing

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