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...Kering, which is led by French billionaire François-Henri Pinault, said it had seen some “sequential” improvement in sales in North America and Asia-Pacific during the fourth quarter....
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
...night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering...
...Still, Delaware, Inc is going to have to decide whether its brand should be based on being an even-handed, dispassionate system or something more corporate-friendly, designed to keep up in a regulatory race...
...cloud-software provider (WSJ) Tesla shares rise as it plans to accelerate launch of ‘more affordable’ models (FT) Jamie Dimon cautions over soft landing for ‘unbelievable’ US economy (FT) Gucci-owner Kering...
...The total price tag back then was about €200mn less than Kering has now paid for the single flagship property. Kering, alongside LVMH, is on a retail shopping spree....
...hit sales in Europe and North America — and Palus’s custodianship of Gucci as a way to fast-track the turnaround....
...Sales in the fourth quarter grew 13 per cent to €3.36bn, ahead of forecasts from UBS and following double-digit growth in its biggest markets in North America and Asia the same time last year....
People in the US are being squeezed to such an extent that they are spending less altogether
But the boost to liquidity can prove shortlived
...Montaigne Entertainment after the address of the group’s Paris headquarters, will be overseen by Antoine Arnault, eldest son of LVMH’s founder Bernard Arnault, and by Anish Melwani, chair of LVMH North America...
...News round-up Calpers to invest more than $30bn in private markets (FT) Telegraph takeover by RedBird IMI faces regulatory probe (FT) Gucci owner Kering issues rare luxury sector profit warning (FT)...
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
...Escobar Inc, a company set up by his brother Roberto, had filed an application in 2021 with the European Union Intellectual Property Office (EUIPO) to register “Pablo Escobar” as a trademark for goods and...
Tesla boss shows Argentine president Texas factory where they talked about lithium, Brazil and a disdain for bureaucracy
...“There was a huge outflow from ESGU and into QUAL as a result of BlackRock changing their weighting,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
...Hermès said on Friday that sales in the fourth quarter of 2023 grew 13 per cent to €3.36bn — ahead of forecasts from UBS — on top of already rapid growth in its biggest markets in North America and Asia...
...In a January 2023 letter to the transportation department, Airlines for America called the rule “arbitrary and capricious” and said that, if adopted, it “will clutter web pages and mobile screens, thereby...
...Sales at French luxury group Kering lagged behind competitors LVMH and Hermes in the first three months of the year, dragged down by a sales decline in wholesale and in North America....
And more on bad buybacks
Delaware court previously voided chief executive’s $56bn remuneration
Americans account for 14% of users but their revenue contribution will be higher
TikTok’s Chinese owner offers nearly $171 a share as US employees grow concerned about tax bill on unsold stock
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...Sales at French luxury group Kering lagged behind competitors LVMH and Hermès in the first quarter, dragged down by the performance of its wholesale division and North America....
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