Mimosa Spencer

California

Luxury Correspondent, France at Reuters

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Articles

LVMH's Revival Plan for Moet Hennessy Pins Hopes on Big Name Brands

1 week ago | money.usnews.com | Mimosa Spencer |Dominique Patton

By Mimosa Spencer and Dominique PattonPARIS (Reuters) -LVMH will focus on its biggest, best known alcohol brands and rein in international ambitions for smaller labels to revive Moet Hennessy, the division's CEO Jean-Jacques Guiony told employees this week in a video reviewed by Reuters. Plans are afoot to shrink the workforce by nearly 13% at the wine and spirits division epitomised by high-end champagne brand Moet and Hennessy cognac.
Gucci-owner Kering's shares down 5% after Q1 sales disappoint

2 weeks ago | marketscreener.com | Mimosa Spencer

PARIS (Reuters) -Shares of Kering traded down 5% in European morning trade on Thursday, after the group reported a first-quarter sales drop that was worse than analysts' expectations. Kering after the market close on Wednesday posted a 14% decline in sales, with a 25% drop at flagship label Gucci, the latest signal the luxury sector faces another tough year.
Kering sales drop 14% in first quarter as Gucci crisis deepens

3 weeks ago | marketscreener.com | Mimosa Spencer |Tassilo Hummel

PARIS -The crisis at Kering's flagship Gucci label deepened in the first quarter, the company said on Wednesday as it reported sales below market expectations amid a worsening economic environment. Kering's results, marked by a 14% annual sales decline with a 25% drop at Gucci, added to signs the luxury sector could be headed for another tough year as U.S. President Donald Trump's tariff announcements add to the recession fears weighing on shoppers' appetite for fashion.
Kering sales drop more than expected in first quarter as Gucci crisis deepens

3 weeks ago | gazette.com | Mimosa Spencer |Tassilo Hummel

By Mimosa Spencer and Tassilo HummelPARIS -The crisis at Kering's flagship Gucci label deepened in the first quarter, the company said on Wednesday as it flagged possible job cuts with no signs of improvement in sight.
Se a guerra das tarifas de Trump correr mal, a culpa é de Bruxelas, diz Bernard Arnault

3 weeks ago | publico.pt | Tassilo Hummel |Mimosa Spencer

Os governos europeus precisam urgentemente de aliviar as tensões com os Estados Unidos sobre as tarifas do presidente Donald Trump, declarou o CEO do conglomerado de luxo LVMH, Bernard Arnault, no final da semana, acrescentando que seria “culpa de Bruxelas” se não for encontrada uma solução. De recordar que o multimilionário francês é amigo de Trump e marcou presença na sua tomada de posse em Janeiro passado.
LVMH's Arnault lashes out at Brussels over US trade tensions

3 weeks ago | msn.com | Tassilo Hummel |Mimosa Spencer

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LVMH's Arnault lashes out at Brussels over US trade tensions

3 weeks ago | marketscreener.com | Tassilo Hummel |Mimosa Spencer

PARIS (Reuters) - European governments urgently need to ease tensions with the United States over President Donald Trump's tariffs, LVMH CEO Bernard Arnault said on Thursday, adding it would be "Brussels' fault" if no solution is found. "European countries should try to manage these negotiations, and not leave them to bureaucrats," he told the group's annual shareholder meeting.
Rich Americans will face pricier Hermes products

3 weeks ago | businesslive.co.za | Mimosa Spencer |Tassilo Hummel

Paris — France’s Hermes will fully shift the burden of tariffs in the US to its wealthy clientele, the company said on Thursday, as it posted first-quarter sales that slightly missed market expectations in a rare show of weakness. Hermes’ first-quarter sales were dragged down by a continued lull in China, but were still better than peers.
LVMH's Arnault lashes out at Brussels amid trade tensions with United States

3 weeks ago | marketscreener.com | Tassilo Hummel |Mimosa Spencer

PARIS (Reuters) - The European Union urgently needs to ease tensions with the United States over President Donald Trump's tariffs, LVMH CEO Bernard Arnault said on Thursday, adding that it would be "Brussels' fault" if no solution is reached. LVMH, the world's largest luxury group by sales, makes around a quarter of its revenue in the United States. "If Europe is not able to negotiate intelligently, there will be consequences for a lot of companies," Arnault said.
Hermès subirá los precios en eeuu para compensar los aranceles de trump

3 weeks ago | lanacion.com.ar | Mimosa Spencer |Tassilo Hummel

By Mimosa Spencer, Tassilo HummelPARÍS, 17 abr (Reuters) - Hermès trasladará lacarga de los aranceles en Estados Unidos a su clientelaadinerada, según anunció el jueves la empresa francesa, queregistró unas ventas en el primer trimestre ligeramente pordebajo de las expectativas del mercado.