Dax worries about tensions between the USA and China

Frankfurt, Dusseldorf New concerns about China and the trade dispute with the US pushed the Dax into the red on Friday. However, the leading German index narrowed its losses and was down 0.3 percent at noon at 11,035 points. The previous day, the German stock market barometer had lost 1.4 percent. The leading European index […]

Richemont in Corona “tsunami” sales collapse

Richemont brand Lange & Söhne In the 2019/20 fiscal year ended at the end of March, the corona crisis was already reflected in subdued growth and lower margins. (Photo: dpa) Zurich The corona virus pandemic is leaving deep marks on the Swiss luxury goods group Richemont. In the first three months of 2020, consolidated sales […]

in France, billionaires are mobilizing via their companies

Across the Atlantic, billionaires are reaching out to help fight the aftermath of the coronavirus epidemic. And in France ? What are the Arnault, Bouygues, Pinault doing? A surge of solidarity They are there too, but most often advance under the banner of their business. “The momentum of solidarity against the Covid-19 is infinitely greater […]

Why investors are struggling for new corporate bonds in the crisis

Companies that have a good credit rating and an investment grade rating as a seal of quality can benefit from new bond issues. The professional investors are fighting for these bonds because they do not see any corona-related problems. In March, corporations placed new bonds for just over 48 billion euros in euros alone. That […]

Fashion week: fashion tales and legends

The invitation to the parade Loewe took the form of a vinyl on which appears the grinning face of Megan Rapinoe, contemporary heroine (she is one of the first sportsmen to come out), famous American football player (Ballon d’Or 2019) and muse of the season. Nothing really shows from this exchange in the latest collection […]

Fashion week: fashion with raised fists

Marine Serre, neither was anyone else able to predict the coronavirus and its consequences. His fashion, however, has the air of forecasters, with asperities protective masks integrated in some cases into a hood. The French woman’s work has been focused from the start (she launched her brand in 2017) on the ecological disaster that promises […]

The luxury industry fears hard times from the corona virus

Luxury shopping mall in Beijing Several luxury companies have already cut their profit forecasts due to the virus outbreak. (Photo: AFP) Beijing, Paris, Rome, Dusseldorf The shop windows lure with high-quality products, the facades shine, but the customers stay away: Many of the luxury shops of Gucci, Balenciaga and Moncler in the Taikoo Li Sanlitun […]

Why craftsmanship is still fascinating today

Dusseldorf Some luxury brands have a short hype. Then they disappear again into the fashion cosmos for a few years, in order to try to get back to the top again with a sensational change of designer, often unbelievable celebrity cooperations or a strategic change of direction. A brand that is exempt: Louis Vuitton. The […]

Tiffany shareholders approve takeover by LVMH

Tiffany branch in Paris LVMH wants to buy the US company and has now received the green light from its shareholders. (Photo: Reuters) Paris, New York The shareholders of the US jeweler Tiffany have approved the multi-billion dollar takeover by the French luxury goods group LVMH with a large majority. LVMH reported on Tuesday after […]

Hong Kong remains a problem child for Swatch – sales and profits decline

Swatch store in Zurich The increasing competition from smartwatches is also taking its toll on the cheaper watches from the Biel company. (Photo: Reuters) Zurich The watch manufacturer Swatch sees no sooner turnaround in the battered key market of Hong Kong. “The group management expects healthy growth in all markets with the exception of Hong […]