Tassilo Hummel

Paris

Correspondent at Reuters

Reuters News Correspondent in France | radio lover & author

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Articles

Pernod Ricard Launches Restructuring Plan as Spirits Sales Slide

1 week ago | money.usnews.com | Tassilo Hummel |Emma Rumney

By Tassilo Hummel and Emma RumneyPARIS/LONDON (Reuters) -Pernod Ricard is streamlining its business by grouping brands into two main divisions, according to internal presentation slides seen by Reuters on Wednesday, as European spirits makers grapple with a downturn in sales. Drinkers in key markets such as China and the United States have reduced spending in the face of inflation or other economic worries while international trade tariffs have also hurt sales.
Exclusive: Pernod Ricard launches restructuring plan as spirits sales slide

1 week ago | reuters.com | Tassilo Hummel |Emma Rumney

Bottles of Pernod Ricard's brands are displayed at a bar during a photo opportunity, in Gurugram, India, November 26, 2024. REUTERS/Priyanshu Singh/File Photo PARIS/LONDON, June 18 (Reuters) - Pernod Ricard (PERP.PA), opens new tab is streamlining its business by grouping brands into two main divisions, according to internal presentation slides seen by Reuters on Wednesday, as European spirits makers grapple with a downturn in sales.
Analysis-Gucci owner Kering bets on crisis specialist de Meo to lead revival

1 week ago | kfgo.com | Tassilo Hummel |Lisa Jucca

By Tassilo Hummel and Lisa Jucca(Reuters) -Francois-Henri Pinault’s reported decision to hire Renault boss Luca de Meo is an audacious but necessary move to address the twin challenge of sagging sales and mounting debt at luxury group Kering, investors and industry players say. De Meo’s turnaround credentials were enhanced by his work at French carmaker Renault, but he has much to do if he is to replicate the successes of cross-sector heavyweights such as Robert Polet and Leena Nair.
Kering shares up, Renault down as CEO de Meo quits the carmaker

1 week ago | bilyonaryo.com | Tassilo Hummel |Mimosa Spencer

SOURCE: ReutersBy Tassilo Hummel and Mimosa SpencerPARIS, June 16 (Reuters) – Shares in Kering PRTP.PA rose in early trading on Monday while stocks in Renault RENA.PA fell after reports the French carmaker’s CEO Luca de Meo was poised to become the new chief executive of the luxury goods maker. Kering shares gained around 5% on trading platform Tradegate by 0606 GMT and Renault shares fell around 3%.
Kering shares climb after reports that Renault CEO will quit for Gucci owner

1 week ago | theglobeandmail.com | Tassilo Hummel |Gilles Guillaume |Mathieu Rosemain
Kering shares up, Renault down as CEO de Meo quits the carmaker

1 week ago | msn.com | Tassilo Hummel |Mimosa Spencer

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Kering shares up, Renault down as CEO de Meo quits the carmaker

1 week ago | whbl.com | Tassilo Hummel |Mimosa Spencer

By Tassilo Hummel and Mimosa SpencerPARIS (Reuters) -Shares in Kering rose in early trading on Monday while stocks in Renault fell after reports the French carmaker’s CEO Luca de Meo was poised to become the new chief executive of the luxury goods maker. Kering shares gained around 5% on trading platform Tradegate by 0606 GMT and Renault shares fell around 3%. De Meo will leave Renault in mid-July for a new role outside the auto industry, Renault said late on Sunday.
Kering shares up, Renault down as CEO de Meo quits the carmaker

1 week ago | sg.finance.yahoo.com | Tassilo Hummel |Mimosa Spencer |Danilo Masoni

Tassilo Hummel, Mimosa Spencer and Danilo Masoni Mon, 16 June 2025 at 2:51 am GMT-4 3 min read In this article: By Tassilo Hummel, Mimosa Spencer and Danilo Masoni PARIS (Reuters) -Kering shares jumped as much as 8.2% early on Monday and stocks in Renault fell over 6% after reports the French carmaker's CEO Luca de Meo was poised to become the new head of the luxury goods maker.
Dior Appoints Jonathan Anderson as Design Chief for Women's Wear and Haute Couture

3 weeks ago | gurutrade.com | Mimosa Spencer |Tassilo Hummel |Dominique Vidalon |Sonia Cheema

PARIS, June 2 (Reuters) - Dior is appointing its menswear designer Jonathan Anderson to also head womenswear designs and haute couture, replacing Maria Grazia Chiuri and widening his role as it seeks to reignite sales, the LVMH-owned label said on Monday. "Jonathan Anderson is one of the greatest creative talents of his generation. Its unique artistic signature will be a key asset for writing the next chapter of the Dior house's history," LVMH CEO Bernard Arnault said in a statement.
LVMH deputy CEO shares strategy to manage to tariffs

1 month ago | insideretail.asia | Tassilo Hummel

French luxury group LVMH has room to raise prices of high-end products by around 2-3 per cent without likely affecting demand from luxury clients, but it would be difficult to lift prices of cognac or beauty products, company executives said on Wednesday. “We can increase prices by 2 per cent to 3 per cent per year,” deputy CEO Stephane Bianchi told members of the French parliament in a hearing on Wednesday, when asked about his group’s ability to offset potential tariffs.