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China weakness felt as Tod's sales drop 4.7% in first quarter
Reuters· 7 days ago, opens new tab fell by 4.7% at constant exchange rates in the first quarter to 258 million euros...
UMG CEO Lucian Grainge’s $128M 2023 Pay Package Approved by Shareholders
Billboard via Yahoo Finance· 6 days agoManagement, Tencent, Bollore and Vivendi. Last year, all four shareholders voted to approve UMG’s...
Travel to Europe spikes as Americans aim for Taylor Swift concerts
The Washington Times· 16 hours agoAs pop star Taylor Swift’s “Eras” tour continues throughout Europe, eager American fans have been...
Slower Shoe Sales Hit Tod’s Q1 Sales, Amid Delisting
WWD via Yahoo Finance· 7 days agoSales were pulled down by declines in the shoe category, a drop in revenue from Greater China and a negative foreign exchange impact in the first quarter...
Commerzbank Shares Jump After It Lifts Lending Income Guidance, Confirms Returns Plans
The Wall Street Journal· 7 days agoCommerzbank raised its guidance for net interest income as the lender reported its best performance...
Richemont Sales Slow in Fourth Quarter, as Group Names Nicolas Bos CEO
WWD via Yahoo Finance· 5 days agoLuxury giant Richemont is not immune to luxury’s slowdown, with fiscal fourth-quarter sales falling...
Consolidative Tuesday
The Forex Market· 20 hours agoOverview: The dollar is consolidating but with a somewhat heavier bias today. Most emerging market currencies are also firmer, except for a handful of...
Chanel to open more stores in China even as growth shifts abroad
Reuters via Yahoo Finance· 16 hours agoPARIS (Reuters) -Chanel plans to invest in opening more stores in mainland China despite a shift in...
Richemont’s Johann Rupert Shrugs Off Hard Times, Picks a New CEO and Plans for Growth
WWD via Yahoo Finance· 5 days agoThe group posted a 1 percent decline in sales at actual rates in the fourth quarter. At constant ...
Shares of Cartier owner Richemont climb on record full-year sales, new CEO
CNBC· 5 days agoThe Cartier owner said group sales rose 3% at actual exchange rates to an all-time high of 20.6...
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