European shares hit record high as ASML lifts tech stocks after robust earnings
European shares climbed a record high on Wednesday, as chip equipment maker ASML led technology stocks higher after reporting ...
LVMH Drags Down Luxury Shares as Budding Hopes Fade
While LVMH's results "challenge the sector narrative that all luxury companies have seen the acceleration" seen at Richemont ...
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LONDON MARKET OPEN: Cautious gain in London as luxury weighs on Paris
Over in Paris, LVMH slumped 5.1%. The Paris-based luxury goods firm late Tuesday reported net income of EUR12.6 billion, down 17% from EUR15.2 billion a year prior, as revenue fell 1.7% to EUR84.7 ...
LVMH’s Subdued Sales Temper Hopes for a Rapid Luxury Rebound
LVMH’s sales of fashion and leather goods declined in the fourth quarter, casting doubt on the prospects for a quick recovery ...