LVMH Moet Hennessy Louis Vuitton SA rose the most in more than three years in Paris trading after saying growth in fashion and leather-goods sales rebounded in the fourth quarter, boosting optimism for a turnaround.
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, reported first- quarter sales that beat analysts’ estimates as demand for its products accelerated, defying an “uncertain” European economy.
Imperial Tobacco Group Plc, Europe’s second-biggest tobacco company, slumped the most since May 2009 in London trading after saying first-half profit will decline because of worsening conditions in countries such as Spain.
When Usain Bolt steps into the starting blocks at the London Olympics, Francois-Henri Pinault will likely be watching with greater interest than most fans of the Jamaican sprinter called the fastest man on earth. As chief executive officer of PPR SA -- the French company that owns shoemaker Puma SE -- Pinault has a lot riding on Bolt, one of the few star athletes to wear the footwear brand.
Hugo Boss AG may raise its 2015 profitability goal as soon as this month as the German luxury clothier expands its own-brand chain and in Asia, analysts including Bankhaus Lampe’s Christoph Schlienkamp said.