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LVMH to Cut 10 Percent of Moët Hennessy Workforce Amid Sales Decline
Business News

LVMH to Cut 10 Percent of Moët Hennessy Workforce Amid Sales Decline

Jonathan Anderson Named Dior Menswear Creative Director
Business News

Jonathan Anderson Named Dior Menswear Creative Director

From its own brand JW Anderson to the Spanish luxury fashion house Loewe to the venerable French fashion house Dior. The acclaimed designer Jonathan Anderson takes over as creative director for Dior's menswear collection
Hermes Increases U.S. Prices to Offset Tariff Impact
Business News

Hermes Increases U.S. Prices to Offset Tariff Impact

Hermès Surpasses LVMH as France's Top Valued Luxury Brand
Business News

Hermès Surpasses LVMH as France's Top Valued Luxury Brand

The conglomerate LVMH, with brands such as Louis Vuitton and Christian Dior in its portfolio, has been knocked off the luxury throne by its competitor Hermès, which with its scarves and Birkin bags is now the highest valued on the Paris stock exchange.
Ericsson Leads Stockholm Stock Exchange with 7.9% Surge
Business News

Ericsson Leads Stockholm Stock Exchange with 7.9% Surge

After a hesitant opening, the Stockholm Stock Exchange continued upwards and closed clearly on the plus side. The broad OMXS index rose by 2
LVMH Shares Drop 6% After Larger-Than-Expected Sales Decline
Business News

LVMH Shares Drop 6% After Larger-Than-Expected Sales Decline

A quarterly report from the French luxury conglomerate LVMH shows that the beginning of the year has been tougher than the market expected.
French PM Warns Trump's Tariffs Threaten France's Economy and Jobs
Business News

French PM Warns Trump's Tariffs Threaten France's Economy and Jobs

SAP Overtakes Novo Nordisk as Europe's Top Valued Company
Business News

SAP Overtakes Novo Nordisk as Europe's Top Valued Company

The German software and cloud service giant SAP has knocked the Danish pharmaceutical manufacturer Novo Nordisk off the throne as Europe's highest-valued listed company.
Luxury Giant Wants to Raise Age Limit for CEO
Business News

Luxury Giant Wants to Raise Age Limit for CEO

Novo Nordisk makes a major investment despite stock market collapse: "Crazy"
Business NewsTop News

Novo Nordisk makes a major investment despite stock market collapse: "Crazy"

The Danish pharmaceutical giant Novo Nordisk sent a shockwave through the country when the stock collapsed in December. Now there is a sense of unease among employees and small investors ahead of the year-end report on Wednesday
Luxury Rally on European Exchanges
Business News

Luxury Rally on European Exchanges

The share of the Swiss luxury concern Richemont, with Cartier and Van Cleef & Arpels among its brands, is surging on the Zurich stock exchange. A quarterly report with clear signs of increased demand for expensive jewelry and watches during the Christmas trade lies behind the 16 percent price hike
Prada can buy Versace
Business News

Prada can buy Versace

The fashion house Prada is considering buying up its competitor Versace, reports the newspaper Il Sole 24.
That's Why the US Stock Exchanges Outperformed Stockholm
Business NewsTop News

That's Why the US Stock Exchanges Outperformed Stockholm

The stock exchanges in New York have outperformed Stockholm and large parts of the stock market world in recent years. It looks the same in 2024 – but remove the tech giants and the difference is almost gone
Cryptocurrencies, Cocoa, and Gold – Here Are the Best Buys of the Year
Business NewsTop News

Cryptocurrencies, Cocoa, and Gold – Here Are the Best Buys of the Year

Have you invested in the stock market during 2024? Then you're probably quite pleased, but there are assets that have performed even better. Here are the investments that are the year's winners – but also some significant losers
Strike hits French Cognac
Business News

Strike hits French Cognac

A cognac strike has broken out in France. Around 500 of the cognac brand Hennessy's employees went on strike this week
Luxury Family Enters Paris FC – Aims to Match PSG
Sports News

Luxury Family Enters Paris FC – Aims to Match PSG

Downward trend on the stock market – Kinnevik weighed
Business News

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
Sports News

Luxury Giant Signs Giant Deal with Formula 1

Luxury companies are booming after China's stimulus measures
Business News

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
Business News

She is the first Swede to receive prestigious fashion prize

Chinese "Luxury Shame" Slows Down Expensive Brand Products
Business NewsTop News

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
Business News

Increased profit for Hermès

Trouble for Gucci's owner
Business News

Trouble for Gucci's owner

Gloomy on the Stockholm Stock Exchange
Business News

Gloomy on the Stockholm Stock Exchange

The Stockholm stock exchange fell in line with the development around Europe. The OMXS index fell by 0
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