John Guy News
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For luxury-goods maker Richemont, clothing and bags are going out of fashion.
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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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Burberry Group Plc reported fourth- quarter revenue that beat estimates as sales of its more expensive products compensated for weak shopper numbers, sending the shares up the most in more than six months.
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LVMH Moet Hennessy Louis Vuitton SA is poised to pursue a takeover as revenue growth, led by sales of its eponymous handbags, slows the most in four years.
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Men’s spring-summer 2012 in Milan may be the first fashion season where clothing and accessories are the last things on people’s minds.
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What books have high-profile readers been enjoying this year?
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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.
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Burberry Group Plc fell the most ever in London trading as the U.K.’s largest luxury-goods maker said full-year profit will disappoint after sales growth slowed globally, rattling the stocks of industry rivals.
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Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in a year in Zurich as Asian revenue stopped growing in the third quarter and the jewelry unit’s sales slowed.
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Kingfisher Plc , Europe’s largest home-improvement retailer, reported a smaller drop in sales at its B&Q shops than analysts had anticipated and said it expects revenue to improve in the year’s final quarter.
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