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Remy to raise cognac prices in China to offset tariffs

UPDATE 1-Remy to raise cognac prices in China to offset tariffs Adds details, CFO quotes throughout PARIS/LONDON, Oct 25 (Reuters) - Remy Cointreau RCOP.PA will raise cognac prices in China to help mitigate the impact of tariffs imposed by Beijing on European Union brandy amid a trade dispute, its finance chief told investors on Friday. China imposed provisional tariffs on brandy from the European Union earlier this month, days after the 27-member bloc voted for tariffs on Chinese-made EVs.
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Italian court lifts controls on fashion brand Alviero Martini

Italian court lifts controls on fashion brand Alviero Martini MILAN, Oct 24 (Reuters) - An Italian court has ended a period of special administration imposed on fashion brand Alviero Martini early because the company has taken all necessary measures to clean up its supply chain, the court said on Thursday. The brand that makes bags and leather goods was placed in court administration for a year in January, after a probe alleged it had sub-contracted work to Chinese-owned firms in Italy that mist
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Italy's Banca Progetto placed under court administration

UPDATE 2-Italy's Banca Progetto placed under court administration Measure stems from criminal probe which does not target bank Prosecutors allege shortfalls in loan approval procedures Oaktree, Centerbridge signed binding deal in September Adds detail from Banca Progetto statement in paragraphs 2-3, 6-7; on deal in paragraphs 3-4 By Emilio Parodi MILAN, Oct 24 (Reuters) - Banca Progetto, a small Italian bank which investment firm Oaktree recently agreed to sell to Centerbridge, has been placed u
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Beiersdorf up on 9-month sales growth, upbeat Q4 outlook

BUZZ-Beiersdorf up on 9-month sales growth, upbeat Q4 outlook ** Shares in Nivea maker Beiersdorf BEIG.DE rise 1.5% in early Frankfurt trade after the company reported 9-month sales growth, stayed upbeat on Q4 despite China weakness ** Analysts at J.P. Morgan point to the confirmation of 2024 guidance and "importantly" to management's expectations
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Hermes continues to outshine rivals with Q3 sales up 11.3%

UPDATE 1-Hermes continues to outshine rivals with Q3 sales up 11.3% Adds China, analyst, quotes, in paragraphs 3,4, 8-11 By Mimosa Spencer PARIS, Oct 24 (Reuters) - Birkin bag maker Hermes HRMS.PA reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers.
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Hermes Q3 sales up 11.3%, continues to outshine rivals

Hermes Q3 sales up 11.3%, continues to outshine rivals By Mimosa Spencer PARIS, Oct 24 (Reuters) - Birkin bag maker Hermes HRMS.PA reported on Thursday an 11.3% rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers. The French luxury company generated 3.7 billion euros ($3.99 billion) in revenue for the three months ending in September, an 11.3% rise at constant exchange rates.
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Symrise sees 7% annual organic sales growth on boost from fragrance, taste segments

UPDATE 2-Symrise sees 7% annual organic sales growth on boost from fragrance, taste segments Recasts paragraph 1, adds CEO and analyst quotes in paragraphs 3, 5, 10, adds share moves in paragraph 6, comments on pet food segment and peer's performance in paragraphs 13-14 By Matteo Allievi Oct 24 (Reuters) - Germany's Symrise SY1G.DE forecast an annual organic sales growth of 7% on Thursday, encouraged by a strong momentum in its fragrance and taste segments, although it expects growth to be likel
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Beiersdorf optimistic on future despite China challenges

UPDATE 3-Beiersdorf optimistic on future despite China challenges Nine-month sales up 6.5% on North America recovery, skincare Expects strong Q4 Shares up 4% Confirms 2024 guidance Adds shares in paragraph 2, CEO 4,7,9 and analyst 13 By Elizaveta Gladun and Linda Pasquini Oct 24 (Reuters) - Nivea maker Beiersdorf BEIG.DE reported on Thursday a rise in group sales for the first nine months of 2024, and said it expected a strong fourth quarter, despite persisting challenges in the Chinese luxury m
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France's Kering warns on 2024 operating profit as Gucci sales fall

UPDATE 2-France's Kering warns on 2024 operating profit as Gucci sales fall Kering says 2024 operating income could drop to 2.5 bln euros Group's Q3 sales fell 16% on an organic basis, missing estimates Gucci sales fell 25% in Q3, worse than expected Company struggling to revive Gucci sales Kering shares have fallen 42% this year Adds context and analyst comments in paragraphs 5,7-8; CFO comments and background from paragraph 17 By Mimosa Spencer PARIS, Oct 23 (Reuters) - Kering PRTP.PA warned o
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Adecco, Bodycote, LVMH

EUROPE RESEARCH ROUNDUP-Adecco, Bodycote, LVMH Oct 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adecco, Bodycote and LVMH, on Wednesday. HIGHLIGHTS * Adecco ADEN.S : Deutsche Bank raises to buy from hold * Bodycote Plc BOY.L : JP Morgan cuts target price to 670p from 750p * DNB Bank ASA DNB.OL : JP Morgan raises target price to NOK 230 from NOK 220 * Fabege AB FABG.ST : Kepler Cheuvreux raises to buy from hold * LVMH LVMH.PA
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L'Oreal third quarter sales disappoint as China spends less on beauty

UPDATE 2-L'Oreal third quarter sales disappoint as China spends less on beauty Results are even weaker than feared, analysts say China's reduced buying has hit sales across luxury sector Company aims for new launches to revive buying Adds analyst comments in paragraphs 3-5, CEO comment in paragraphs 9-10, 15-16 By Dominique Patton PARIS, Oct 22 (Reuters) - French cosmetics giant L'Oreal OREP.PA reported a rise in third quarter sales on Tuesday that missed expectations after low consumer confiden
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Ermenegildo Zegna sales drop 7% in third quarter as China weighs

UPDATE 1-Ermenegildo Zegna sales drop 7% in third quarter as China weighs Adds comments from conference call, background MILAN, Oct 22 (Reuters) - Italian luxury group Ermenegildo Zegna JN0.F reported a drop in third-quarter underlying revenues on Tuesday, joining rivals in flagging a slump in demand in China. The company, whose brands include ZEGNA, Thom Browne and Tom Ford, said organic revenues - excluding foreign exchange moves, acquisitions and disposals, and changes to licensing agreements
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Luxury brand Chanel to sponsor Oxford and Cambridge Boat Race

Luxury brand Chanel to sponsor Oxford and Cambridge Boat Race LONDON, Oct 22 (Reuters) - French luxury brand Chanel will sponsor Britain's historic Oxford and Cambridge Boat Race next year in the first sporting sponsorship for the company known for its tailored suits and quilted purses. Luxury fashion companies are increasingly moving into the sports sponsorship space in a bid to attract new audiences.
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Italy - Factors to watch on Oct. 22

Italy - Factors to watch on Oct. 22 The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italy's government on Monday passed a decree aimed at overcoming court objections to its flagship immigration plan that is aimed at deterring boat migrants by sending them to detention camps in Albania.
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China's booming grey markets add woes to luxury brands

CORRECTED-China's booming grey markets add woes to luxury brands Corrects to quarterly sales, not quarterly profit, in paragraph 2, also fixes typo in that paragraph By Casey Hall SHANGHAI, Oct 21 (Reuters) - China's second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some shoppers to look for cheaper ways to buy them, deepening concerns for the likes of LVMH LVMH.PA .
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REUTERS SPORTS SCHEDULE AT 7:30 p.m. GMT/ 2:30 p.m. ET

REUTERS SPORTS SCHEDULE AT 7:30 p.m. GMT/ 2:30 p.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 7:30 p.m. GMT/ 2:30 p.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES SOCCER-ENGLAND-MUN-BRE-REPORT/ Soccer-Man Utd beat Brentford 2-1 for first win in more than a month MANCHESTER, England (Reuters)- Alejandro Garnacho and Rasmus Hojlund got on the scoresheet as Manchester United bounced bac
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Moncler holds star-studded Genius event in Shanghai

Moncler holds star-studded Genius event in Shanghai By Casey Hall SHANGHAI, Oct 19 (Reuters) - Luxury clothing maker Moncler MONC.MI showcased its latest celebrity collaborations in a series of pavilions built inside an old shipyard in downtown Shanghai on Saturday as it looks to shrug off the sector's global malaise. More than 8,000 guests were on hand for "The City of Genius" event, which featured separate pavilions for each of this year's Moncler Genius collection collaborators - a list that
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LVMH surprised by 'inaccurate rumours' about replacement of Moet Hennessy division head

UPDATE 1-LVMH surprised by 'inaccurate rumours' about replacement of Moet Hennessy division head Updates with LVMH comment paragraphs 1-3 PARIS, Oct 18 (Reuters) - French luxury goods group LVMH LVMH.PA said it was "surprised by inaccurate rumors" about its Moet Hennessy division relayed on Friday by French investigative media La Lettre, which reported its longtime wine and spirits division head was being replaced by an executive in the business.
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Europe's STOXX 600 ends week higher as tech stocks rebound

UPDATE 2-Europe's STOXX 600 ends week higher as tech stocks rebound For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Luxury stocks aid gains on France's CAC 40 Elisa slumps on unexpected Q3 revenue fall Goldman Sachs slashes STOXX 600 2024 earnings growth forecast STOXX 600 up 0.2% Updated at 1602 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 18 (Reuters) - Europe's STOXX 600 ended higher on Friday, as tech stocks made a s
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LVMH to replace Moet Hennessy division head, media report says

LVMH to replace Moet Hennessy division head, media report says PARIS, Oct 18 (Reuters) - French luxury goods giant LVMH LVMH.PA is replacing its longtime wine and spirits division head Philippe Schaus with Laurent Boillot, the president of cognac label Hennessy, French investigative media La Lettre reported on Friday, citing unnamed sources. LVMH declined to comment.
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