Fnac, the French DVD, books and video-games chain, is seen falling after being spun off this week from PPR SA as investors who hold PPR for luxury brands such as Gucci sell stock in the retailer.
For decades, fashionistas have known that a Birkin bag is a safe style bet -- if you can get your hands on one. That demand makes its producer, Hermes International SCA, the surest bet in the luxury industry when it comes to sales growth.
Giorgio Armani SpA struggled to win customers in the past quarter, contrasting with a surge in sales at luxury goods companies Hermes International SCA and Burberry Group Plc.
"A strong quarter by Burberry."
- Luca Solca on Jan 13, 2015