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That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.
Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, , Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States
Swatch sales, profits hit by flagging demand in China
  + stars: | 2024-07-15 | by ( ) www.cnbc.com   time to read: +2 min
Swatch Group reported a steep fall in first half sales and earnings on Monday as the world's biggest watchmaker struggled with weaker demand in China. The sales figure missed the 3.75 billion francs forecast by analysts in a consensus gathered by Visible Alpha. Net profit tumbled to 147 million francs from 498 million francs, it added. Sales during the first half of the year were hurt by a negative currency impact of 145 million francs, it noted. Sales figures outside of China in local currencies were at the level of 2023, a record year, Swatch said.
Persons: Nick Hayek, Tissot, Longines Organizations: Swatch Group, Swatch ETA, Swatch, Alpha Locations: Grenchen, Switzerland, China, Swiss, Hong Kong, Macau, Japan, United States
We'll show you your streaming options, including where to watch free MotoGP live streams from anywhere. If you're not sure how to tune in or you're hoping to watch for free, then you're in luck. MotoGP quick links USA: Max ($9.99)Max ($9.99) UK: TNT Sports (£30.99)TNT Sports (£30.99) Austria: ServusTV (FREE)ServusTV (FREE) Access free live stream from anywhere via ExpressVPNExpressVPN Upcoming: Grande Prémio Tissot de Portugal, March 22-24 MotoGP Race on Sunday, March 24 at 10 a.m. Shop at MaxWhere to watch MotoGP in AustriaIn Austria, MotoGP races are available to stream for free through ServusTV. How to watch MotoGP from anywhereIf you're not in Austria right now, you can use a VPN (virtual private network) to access the free live streams.
Persons: Italy's Francesco Bagnaia, Bagnaia, Tissot, Tissot de Portugal, Grande, Max, HBO Max, it's, ExpressVPN Organizations: Business, MotoGP, Ducati Lenovo, Prix, Qatar, TNT, Max, HBO, Warner Bros Locations: Portugal, We'll, Austria
Bottles of Ricard's aniseed-flavoured beverage are pictured at the Ricard manufacturing unit in Lormont, near Bordeaux, France February 15, 2019. REUTERS/Regis Duvignau/File Photo Acquire Licensing RightsPARIS/LONDON, Oct 19 (Reuters) - French spirits maker Pernod Ricard (PERP.PA) said on Thursday it expected to grow sales over the coming year, despite a difficult first quarter marred by big drops in sales in the United States and China. Pernod struggled as a tough economy in China dampened demand and amid inventory adjustments in the United States, where sales are also normalising after a post-COVID surge. "I am confident that we can deliver broad-based and diversified sales growth in FY24," Ricard said in a statement. But, he continued, it's not clear to what degree there will have been improvement in the economic environment hurting Pernod's performance right now.
Persons: Regis, Pernod Ricard, PERP.PA, Pernod, Alexandre Ricard, Ricard, Martell, Mumm, Pernod's, Bernstein, Trevor Stirling, it's, Helene de Tissot, Dominique Vidalon, Emma Rumney, Sherry Jacob, Phillips, Mark Potter Organizations: Ricard, REUTERS, Diageo, Thomson Locations: Lormont, Bordeaux, France, LONDON, United States, China, India, Americas, Paris, London
First-placed Bezzecchi (C), second-placed Prima Pramac Racing's Spanish rider Jorge Martin (L) and third-placed Monster Energy Yamaha's French rider Fabio Quartararo pose on the podium after the Indian MotoGP Grand Prix. Last year Poncharal says he bumped into Dorna CEO Carmelo Ezpeleta, who told him about the potential interest in an Indian MotoGP Grand Prix. As at the G20, the MotoGP race branding also featured the name ‘Bharat,’ rather than India. Bezzecchi is third overall in the championship, 44 points behind Bagnaia after the Indian Grand Prix. “It has been an incredible experience and success for MotoGP to be in India for the first time,” said Ezpeleta.
Persons: India CNN —, Jorge Martin, Fabio Quartararo, Money Sharma, Pramac, Hervé Poncharal, Poncharal, Carmelo Ezpeleta, Prakash Singh, we’ve, Ikjot Singh Bhasin, ” Paolo Ciabatti, , ” Ciabatti, it’s, ” Poncharal, Herve Poncharal, Jonathan Hawkins, Tissot, Bharat, Marco Bezzecchi, , Marc Marquez, Martin, ” Martin, I’m, ” KTM's Jack Miller, Jack Miller, ” Miller, there’s, ” Sebastian Vettel, Andrew Hone, “ I’m, , Repsol, Suresh Raina, SHARMA, Pecco Bagnaia, Marquez –, Ranveer Singh, Yuvraj Singh, Shikhar Dhawan, Yogi Adityanath, Bezzecchi, Bagnaia, appreciatively, Yamaha’s Frenchman, ” Ikjot Singh Bhasin, don’t Organizations: India CNN, India CNN — Briefly, Buddh, Circuit, Formula One, Pramac, Energy, Getty, Racing, Prix, CNN Sport, Ducati Lenovo, Buddh Circuit, MotoGP, CNN, Ducati, YouTube, Honda, Sprint, Financial Times, Manufacturers, KTM, Husqvarna, Indian, One, India MotoGP Bharat Locations: Noida, Uttar Pradesh, India, New Delhi, East, Asia, South America, Kazakhstan, Delhi, Greater Noida, AFP, Yamaha’s,
Hundreds of items owned by Queen singer Freddie Mercury will be auctioned later this year. The auctions will include art he owned, along with notes, drafts of Queen songs, and costumes worn for concerts. One piece already on display at Sotheby's in London is a robe and crown worn by Mercury during Queen's final performances in 1986. Kin Cheung/The Associated PressMary Austin, Mercury's longtime friend and inheritor of his estate and belongings, made the "difficult decision" to sell the items, according to The Associated Press. Many of the items have been stored in Mercury's Garden Lodge home where she has lived since his death in 1991.
Swatch positive on recovery in luxury demand from China
  + stars: | 2023-01-24 | by ( John Revill | ) www.reuters.com   time to read: +3 min
SummarySummary Companies Says January sales have exceeded January 2022Company now expects record sales for 2023Stock hits highest level since July 2021ZURICH, Jan 24 (Reuters) - Swatch Group (UHR.S) shares hit their highest level in nearly two-and-a-half years on Tuesday after the world's biggest watchmaker said it expected a recovery in luxury demand from China. The sales growth in January in China reinforces the Group's expectation to aim for a record year in 2023." The outlook sent Swatch's shares to their highest level since July 2021, and was the latest positive signal for the luxury sector at the start of the Chinese Year of the Rabbit. "To reach the record sales number of 2014 Swatch Group would need to have growth of 16% in 2023," said Patrik Schwendimann of Zuercher Kantonalbank. Europe's luxury sector($1 = 0.9192 Swiss francs)Reporting by John Revill; editing by Kirsten Donovan and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
The sales growth in January in China reinforces the Group's expectation to aim for a record year in 2023." Rival Swiss luxury group Richemont last week said it was seeing a "strong retail rebound" in China in the run-up to the Chinese New Year. Swatch, which in July said targeted a double digit sales increase for 2022, said its sales in China fell by 700 million Swiss francs ($761 million) during the year. Overall sales increased by 2.5% to 7.499 billion Swiss francs or by 4.6% in constant currency terms, while net profit rose to 823 million francs from 774 million francs a year earlier. Aiming for a record year implies over 23% sales growth, which is a pretty big call by [CEO Nick]Hayek."
Media Korean Studies 2016 2008 New Finished New buildings Repainted TAEDONG RIVER TAEDONG RIVER Pyongyang in 2008. Media Korean Studies 2008 2016 New Finished New buildings Repainted TAEDONG RIVER TAEDONG RIVER Pyongyang in 2008. Under Mr. Kim, North Korea has opened a new terminal at the city’s international airport, renovated subway stations and opened new amusement parks. Missile tests this year alone cost North Korea hundreds of millions of dollars, according to estimates by South Korean and American researchers. An array of cell phones, assembled in North Korea with components imported from China, is on sale and advertised on state TV.
A couple walk with Hermes shopping bags as they leave an Hermes store in Paris March 21, 2013. Hermes (HRMS.PA) and Pernod Ricard (PERP.PA) both said they will continue to raise prices, after beating expectations in the July-September quarter. Mainland China also saw a strong rebound after COVID-19 restrictions were lifted, although some restrictions have since been reimposed. PRICE RISESThe world's biggest luxury group LVMH (LVMH.PA) last week kicked off the earnings season with forecast-beating sales -- and no signs of a let-up in demand. The results from Pernod and Hermes bode well for beauty giant L'Oreal (OREP.PA) and Gucci-owner Kering (PRTP.PA), which both report results later on Thursday.
Vârstnici din mai multe raioane vor primi telefoane și vor învăța să le utilizeze100 de persoane vârstnice din raioanele Șoldănești, Rezina, Basarabeasca, Leova, Orhei și Strășeni vor primi telefoane mobile conectate la internet și vor învăța împreună cu tinerii cum să le utilizeze. Este vorba despre o nouă fază a Programului inter-generațional de reducere a decalajului digital dintre tineri și vârstnici și promovare a îmbătrânirii active și sănătoase în Republica Moldova – „Abilitățile digitale conectează generații”. Participanții programului vor fi instruiți cum să acceseze anumite servicii publice, sociale sau medicale, și vor fi ajutați să-și consolideze reziliența pe timp de pandemie, transmite IPN. Conform datelor colectate în 2020, în cadrul Studiului Generații și Gen, realizat de UNFPA, decalajul digital dintre vârstnici și tineri în Republica Moldova este enorm. În 2020, drept răspuns la această situație, UNFPA a lansat o inițiativă de promovare a dialogului inter-generațional pentru incluziunea digitală a vârstnicilor.
Persons: Nigina, Simon Springett, Caroline Tissot, Pandemia, UNFPA Organizations: ONU, Oficiul ONU Locations: Șoldănești, Rezina, Basarabeasca, Leova, Orhei, Strășeni, Republica Moldova, ONU Moldova, Elveției, Republicii Moldova
Biroul de cooperare al Elveției în R.Moldova a donat echipamente de peste 56 de mii de dolari Agenției Naționale pentru Sănătate Publică. Este vorba despre instalații de decontaminare și echipamente IT. Instalații de decontaminare, două camere de duș mobile, dotate cu generator, rezervor, dozator de substanțe de decontaminare și pompe au fost donate Agenției Naționale pentru Sănătate Publică (ANSP). Biroul de cooperare al Elveției în R.Moldova și Biroul Organizației Mondiale a Sănătății (OMS) a mai donat 20 dispozitive IT centrelor regionale de sănătate publică și cinci dispozitive IT echipelor de intervenție rapidă ale ANSP. Echipamentele au fost procurate din banii oferiți de Biroul de cooperare al Elveției în R. Moldova prin intermediul OMS.
Persons: Denis Cernelea, Caroline Tissot, Igor Organizations: Agenției Naționale, Ministerul Sănătății, Muncii, Sociale, Organizației Mondiale a Sănătății ( OMS Locations: Elveției, R.Moldova, Moldova, Elveția, Republica Moldova, Transnistria
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
Este vorba despre două sisteme mobile autonome de contamintare a investigațiilor epidimiologice pentru lupta împotriva noului tip de coronavirus și 10 tablete pentru monitorizarea pacienților molipsiți de Covid. „Această donație reprezintă un sprijin major necondițonat continuu acordat Republicii Moldova de către Elveția prin intermediul biroului de cooperare elvețian din Moldova”, a declarant la ceremonia de donație Denis CerneleaPe lângă faptul că statul nostru îi este recunoscător Elveției pentru un asemenea sprijin și cooperare, Caroline Tissot șefa biroului de cooperare al Elvețieia a menționat că „Elveția a fost de la început de pandemie alături de Republica Moldova”. Amintim că de la începutul pandemiei s-au infectat 237718, s-au tratat 218,711, s-au vaccinat 54907 și au pierdut lupta cu Coronavirusul 5268.
Persons: Denis Cernelea, Caroline Tissot Locations: Republicii Moldova, Elveția, elvețian, Moldova, Elveției, Republica Moldova
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