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Top related persons:
Kate Spade's - 1 Kate Spade - 1 Stuart Weitzman - 1 Capri's Versace - 1 Jimmy Choo - 1 Michael Kors - 1 LVMH's Louis Vuitton - 1 Joanne Crevoiserat - 1
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U.S . Federal Trade Commission - 1 Capri Holdings - 1 Burberry - 1 Tapestry - 1 CNBC - 1

Search resuls for: "LVMH's Louis Vuitton"


3 mentions found


☆ 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
☆ Analysis: LVMH's caution points to Americans' waning lust for luxury
  + stars: | 2023-04-13 | by ( Mimosa Spencer | ) www.reuters.com   time to read: +5 min
[1/2] A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris, France, January 28, 2020. European labels including LVMH's Louis Vuitton and Dior, as well as Chanel and Hermes have been riding a wave of strong demand from Americans, who emerged from lockdowns with savings and a desire to splash out on designer labels. He added the group is taking a cautious approach to price increases this year -- not just for cognac. "It's probably the most emblematic luxury store in the world," said Guiony. Elliott Savage, portfolio manager of U.S.-based fund YCG Investments, which holds shares in LVMH and other luxury brands, said a weakening U.S. luxury market in the near term could present an opportunity for dominant players to take market share.
☆ French luxury groups to highlight sector's resilience as demand holds up for now
  + stars: | 2022-10-10 | by ( Mimosa Spencer | ) www.reuters.com   time to read: +2 min
PARIS, Oct 10 (Reuters) - French luxury groups LVMH (LVMH.PA), Gucci-owner Kering (PRTP.PA) and Hermes (HRMS.PA) are expected to post double-digit third-quarter sales growth as demand for high-end fashion from tourists and shoppers revamping post-pandemic wardrobes remains strong. Without citing a corresponding inflation figure, UBS estimates prices for the sector increased by 4.6% on average this year, through July. A Visible Alpha consensus cited by the bank points to 13% organic sales growth. Pusz expects 13% organic sales growth for Kering and 15% growth at constant rates from Hermes, over the period. LVMH posts third-quarter revenue on Oct. 11, while Kering and Hermes announce results on Oct. 20.
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