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2 weeks ago | 
money.usnews.com | Elisa Anzolin
By Elisa AnzolinMILAN (Reuters) -Net revenues at Italian luxury group Prada rose 12.5% at constant exchange rates in the first quarter, thanks to a 60% jump in retail sales at its smaller brand Miu Miu, defying a slowdown in luxury goods demand. The group, which this month struck a $1.38 billion deal to buy smaller rival Versace from Capri Holdings, has been outperforming most of its peers. French luxury groups LVMH and Kering both posted declining sales in the first three months of the year.
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4 weeks ago | 
afr.com | Nora Eckert |Kalea Hall |Elisa Anzolin
New York | The ripple effects of Donald Trump’s global trade war are being felt across numerous industries all at once, and on Wednesday (Thursday AEST) were once again exerting pressure on US stock markets. Stocks fell broadly, with tech stocks hit particularly hard after bellwethers like Nvidia that are highly tied into the world’s supply chain warned of hits to their bottom line. Loading... ReutersFollow the topics, people and companies that matter to you.
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4 weeks ago | 
wkzo.com | Nora Eckert |Kalea Hall |Elisa Anzolin
By Nora Eckert, Kalea Hall and Elisa Anzolin(Reuters) -The ripple effects of Donald Trump’s global trade war are increasingly being felt across numerous industries all at once and on Wednesday were once again exerting pressure on U.S. stock markets that have been roiled for weeks by his erratic trade policies. Stocks fell broadly, with tech stocks hit particularly hard after bellwethers like Nvidia that are highly tied into the world’s supply chain warned of hits to their bottom line.
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4 weeks ago | 
ca.finance.yahoo.com | Nora Eckert |Kalea Hall |Elisa Anzolin
By Nora Eckert, Kalea Hall and Elisa Anzolin (Reuters) -The ripple effects of Donald Trump's global trade war are increasingly being felt across numerous industries all at once and on Wednesday were once again exerting pressure on U.S. stock markets that have been roiled for weeks by his erratic trade policies. Stocks fell broadly, with tech stocks hit particularly hard after bellwethers like Nvidia that are highly tied into the world's supply chain warned of hits to their bottom line.
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4 weeks ago | 
ca.finance.yahoo.com | Nora Eckert |Kalea Hall |Elisa Anzolin
Japan, the nation currently at the front of the queue in talks, was thrust into the position of having scheduled talks between economic revitalization minister Ryosei Akazawa and U.S. Treasury Secretary Scott Bessent turn into a meeting with Trump himself on Wednesday evening. The U.S. president said he would attend the discussions personally to cover other non-trade issues as he continues to focus on the U.S. balance of trade with other countries.
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4 weeks ago | 
msn.com | Nora Eckert |Kalea Hall |Elisa Anzolin
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
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4 weeks ago | 
wincountry.com | Nora Eckert |Kalea Hall |Elisa Anzolin
By Nora Eckert, Kalea Hall and Elisa Anzolin(Reuters) -The ripple effects of Donald Trump’s global trade war are increasingly being felt across numerous industries all at once and on Wednesday were once again exerting pressure on U.S. stock markets that have been roiled for weeks by his erratic trade policies. Stocks fell broadly, with tech stocks hit particularly hard after bellwethers like Nvidia that are highly tied into the world’s supply chain warned of hits to their bottom line.
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1 month ago | 
interaksyon.philstar.com | Elisa Anzolin |Abigail Summerville
Prada acquires Versace for $1.375 billion, including debtDeal strengthens Italy’s position in luxury fashion industryPrada aims to expand Versace’s potential with disciplined executionUS Capri shares fall, extending downturn—Prada struck a $1.38 billion deal to buy smaller rival Versace from Capri Holdings CPRI.N on Thursday in a move that unites two of the biggest names in Italian fashion and offers the prospect of enhanced revenues.
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1 month ago | 
insideretail.co.nz | Elisa Anzolin |Irene Dong |Stephanie Chadwick
Prada’s deal to buy Versace revives hopes for a ‘made in Italy’ luxury champion after manyother family-founded brands ended up in French, Swiss or US hands, and comes as many Italian groups are outperforming the struggling sector. The US$1.375 billion deal brings one of fashion’s best-known Italian labels back under Italian control after it was sold to US-listed Capri Holdings, then known as Michael Kors, for $2.15 billion including debt in 2018.
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1 month ago | 
insideretail.us | Elisa Anzolin |Anil Prabha |Celene Ignacio
Prada’s deal to buy Versace revives hopes for a ‘made in Italy’ luxury champion after many other family-founded brands ended up in French, Swiss or US hands, and comes as many Italian groups are outperforming the struggling sector. The $1.375 billion deal brings one of fashion’s best-known Italian labels back under Italian control after it was sold to US-listed Capri Holdings, then known as Michael Kors, for $2.15 billion including debt in 2018.
