Executives said on earnings calls last week that luxury brands like Ralph Lauren, Coach, and Kate Spade are moving away from markdowns amid early signs the luxury market is recovering from two years ...

Early Thursday, both Bank of America and Morgan Stanley said profit ... luxury stocks rocketed after a robust sales update from Cartier owner Richemont. Treasury yields edged lower after Federal ...

Yet signs of green shoots have bolstered investor sentiment, with earnings updates from peers Richemont SA and Brunello ... from third-quarter lows,” Bank of America’s Ashley Wallace said ...

Euro US Dollar, Compagnie Financiere Richemont SA, Burberry Group PLC, ASML Holding NV. Read Jakub Rochlitz's latest article on Investing.com ...

Cartier-owner Richemont's sales report on Thursday will ... administration would be business-friendly and good for banks. Bank of America and Morgan Stanley will report results on Thursday.

Bank of America and Morgan Stanley rounded out the ... posting strong gains after Cartier's owner Richemont announced a quarterly sales record. Luxury stocks had largely struggled in 2024 amid ...

But this group will become more important in 2025 as brands see early signs of recovery, according to Bank of America. Take Richemont, the company that owns Cartier and Van Cleef & Arpels.

I’m not going to report record revenue, but it was nonetheless a robust year," CEO Bernard Arnault said during the earnings ...

Meanwhile, sales in Europe also surged 19% as local shoppers and tourists from North America and ... weakness,” Deutsche Bank analysts said in a note Thursday. Richemont’s earnings set the ...

European companies are set to deliver a third straight quarter of profit growth, which may help to maintain newfound investor enthusiasm for the region despite political and economic turmoil and ...