Alan Grieve News
-
Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in almost two months in Zurich trading after a shareholder sold about 7 million shares for 539 million Swiss francs ($569 million).
-
A New Jersey cancer researcher admitted to hiding millions of dollars from U.S. tax authorities in accounts at UBS AG and other Swiss banks.
-
Tiffany & Co., which almost tripled its value selling engagement rings since the recession, may be a takeover target after ending an alliance with Swatch Group AG and could hand investors an extra $3.4 billion in a deal.
-
Luxury watch manufacturers will be probed by European Union antitrust regulators over allegations they refused to supply spare parts to independent watch menders.
-
Burberry Group Plc’s flagging sales growth suggests an end to a three-year rally in the luxury-goods industry as wealthy shoppers cut back on past indulgences.
-
Hermes International SCA rose the most in more than nine months in Paris trading on speculation the luxury-goods company’s founding family may be more willing to sell following the death of former president and chief executive Jean-Louis Dumas.
-
Rolex watches and bars of gold are often handed out by those seeking favors from business associates in China. Now the gift-givers are cutting back, and the luxury industry is holding its breath.
-
Cie. Financiere Richemont SA , the world’s largest jewelry maker, reported higher first-half profit than analysts anticipated as Asian and American consumers bought more Cartier necklaces and Vacheron Constantin watches.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page