Andrew Roberts News
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Watch industry consolidation is crimping creativity and making it harder for independent watchmakers to compete, said Pascal Ravessoud, marketing and development director of the Fondation de la Haute Horlogerie.
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For luxury-goods maker Richemont, clothing and bags are going out of fashion.
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Burberry Group Plc, the U.K.’s largest luxury-goods maker, reported full-year profit that beat estimates, boosted by strong demand in China and Hong Kong, and increased the dividend by more than analysts expected.
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Louis Vuitton is losing ground as the world’s most valuable luxury brand as competitors including Gucci and Prada gain, a new research report shows.
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French President Francois Hollande today signed a law authorizing gay marriage and adoption by same-sex couples, his office said.
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Growth in luxury-goods spending will be sustained this year as booming demand in Southeast Asia offsets a slowdown in China and Europe, according to Bain & Co.
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Bjoern Gulden turned round Danish jewelry maker Pandora A/S in a little more than a year. Working his charm at Puma SE will be a tougher task after Europe’s second-biggest sporting-goods maker cut its profit guidance.
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Puma SE cut its revenue and profit forecasts for this year after reporting first-quarter earnings that trailed analysts’ estimates.
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Salvatore Ferragamo SpA, an Italian maker of $1,390 sandals, rose to a record in Milan trading after first-quarter profit beat estimates and the company confirmed its projection for earnings growth this year.
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Salvatore Ferragamo SpA, an Italian maker of $1,390 sandals, reported first-quarter profit that exceeded estimates and confirmed its projection for earnings growth this year amid surging sales in the Americas.
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