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Downward trend on the stock market – Kinnevik weighed
The Stockholm stock exchange fell slightly on Wednesday. The broad OMXS index closed 0.
Luxury Giant Signs Giant Deal with Formula 1
The French luxury concern LVMH with brands such as Louis Vuitton, Fendi and Hennessy has entered into a ten-year sponsorship agreement with Formula 1. The agreement is estimated to be worth hundreds of millions of dollars and will come into effect next season when Formula 1 celebrates its 75th anniversary.
Luxury companies are booming after China's stimulus measures
This week, China's central bank announced a range of stimuli to boost the country's economy. This has caused luxury companies to surge on the stock exchange.
She is the first Swede to receive prestigious fashion prize
The Swedish fashion designer Ellen Hodakova Larsson, founder of the brand Hodakova, has won this year's LVMH prize for young talents, writes the company in a press release. LVMH owns brands such as Louis Vuitton, Fendi and Hennessy.
Chinese "Luxury Shame" Slows Down Expensive Brand Products
Despite the shaky global economic situation, the market for luxury products has so far been stable. But now the demand for expensive handbags and exclusive cognac seems to be dwindling.
Increased profit for Hermès
It's going slow for several luxury brands, but French Hermès can show an increased profit in the latest quarterly report. Sales amounted to 7.
Trouble for Gucci's owner
Kering, the owner of Gucci, is plummeting by around 10 percent on the Paris stock exchange following a report. The company has thus lost nearly half of its market value in a year.
Gloomy on the Stockholm Stock Exchange
The Stockholm stock exchange fell in line with the development around Europe. The OMXS index fell by 0.
LVMH's profit plunges by 14 percent
The French luxury giant LVMH's net profit for the first half of 2024 falls by 14 percent compared to the same period last year, shows the company's [interim report](https://www. lvmh.
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