Hints and tips:
...Kering’s deal for Creed was “a big price” and probably a premium on some other recent transactions, said Thomas Chauvet, a luxury goods analyst at Citi....
...Additional reporting by Adrienne Klasa and Sam Agini...
...“Hermès continues to impress with growth mirroring the performance of Moncler and Prada yesterday, and the beat stemming from leather goods and jewellery,” said Thomas Chauvet, analyst at Citi....
Approach comes less than a month after proposal led by founder and chief to take company private
Pernod Ricard starts with Scotch blend but aims to create Chinese single malt to grow share in world’s biggest spirits market
...His departure is the third exit of a senior manager after chief operating officer Adrienne Gormley left last April and chief financial officer Jan Kemper departed earlier this year....
...Kering has “a lot of hard work ahead”, noted Thomas Chauvet, analyst at Citi, saying that there was “greater-than-expected margin pressures at Gucci, Bottega Veneta and Balenciaga” in the second half of...
...Budget minister Thomas Cazeneuve told lawmakers on Wednesday the cuts could go up to €20bn....
...announced for a market value of €1.16bn, but remain below the takeover price offered by the Della Valle’s last year “despite clear improvements in Tod’s brand desirability and earnings momentum,” wrote Thomas...
...“The confident tone [plus] resilient year-end demand and margins . . . supports our view that 2024 could be a smooth rather than difficult year of normalisation for LVMH,” said Thomas Chauvet, an analyst...
...Additional reporting by Adrienne Klasa, Daniel Thomas and Sylvia Pfeifer...
...The Creed deal lends “credibility that their ambitions in beauty are serious”, Citi luxury analyst Thomas Chauvet said at the time. But the real prize is not yet in the company’s hands....
Move opens new chapter in long-running battle over future of heavily indebted mobile and broadband group
...Thomas Chauvet, an analyst at Citi, said: “We view Kering’s organisational reshuffle as well-thought and logical, reinforcing decision-making, governance and succession while showing further determination...
...“Shares down 9 per cent may have overreacted to the lack of surprise following three years of positive top-line [and] earnings per share momentum,” wrote Citi analyst Thomas Chauvet....
...That might contribute to “slight margin pressure this year”, says Thomas Chauvet at Citi. “Though who would have thought at the beginning of Covid that margins would go up rather than down?”...
...Citi analyst Thomas Chauvet said: “On paper, Kering should benefit more than peers from China’s reopening and global travel recovery, but this could be offset by Gucci’s transition.”...
...Thomas Chauvet, analyst at Citigroup, said that it made “perfect sense to internalise the beauty business, as [Kering] has done in eyewear in the last seven years”....
Applause for ‘thoughtful Darwinian evolution’ but package needed to keep pace with rivals
Forced selling aimed at meeting collateral calls as crisis continues to roil markets
Warburg Pincus and Permira considering options for UK’s third-largest wealth manager
...And partner Nick Thomas said the firm still has conviction in Tesla, adding that “it’s just been a difficult period”....
Today’s main developments: UN Security Council votes to hold General Assembly over Russia’s invasion of Ukraine; Norway’s $1.3tn oil fund to sell out of Russia; UK pledges a further £40mn of aid to Ukraine; Kyiv-Moscow delegations to hold talks
...Adrienne Robbins, 42, turned up in the late afternoon, and was carrying a sign that read: “We’re going backwards America.” She worried about women in other parts of the country....
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