Potential Olympics sponsorship deal tests LVMH heir Antoine Arnault

[ad_1] Sponsorship may be worth $161.31 million, source says Antoine Arnault’s roles include guardian of LVMH image All five Arnault siblings rising through group ranks Deal to focus on conveying…

JPMorgan’s Dimon visits Taiwan to meet staff, clients -source

[ad_1] June 2 (Reuters) – Jamie Dimon, the chief executive of U.S. bank JPMorgan Chase & Co (JPM.N), is visiting Taiwan on Friday, a source with direct knowledge of the…

South Africa’s Pick n Pay warns earnings may fall again if blackouts persist

[ad_1] JOHANNESBURG, May 4 (Reuters) – Pick n Pay’s (PIKJ.J) 2023 earnings may not exceed those of the previous year if rolling power cuts persist, the South African supermarket chain…

French police working with EU on luxury antitrust probe

[ad_1] LONDON, April 21 (Reuters) – French police are involved in an ongoing investigation relating to a probe by EU antitrust regulators into possible violations by European luxury companies, a…

HBC to launch Saks Fifth Avenue’s online business as separate entity

[ad_1] March 5 (Reuters) – HBC, the owner of Saks Fifth Avenue, said on Friday it would launch the luxury department store’s e-commerce segment as a separate business following a…

LVMH shares edge higher as sales and profits rise

[ad_1] PARIS, July 27 (Reuters) – LVMH’s (LVMH.PA) shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of…

European stocks close at two-week highs on Ukraine peace talks

[ad_1] Prosus rebounds from record lows Fed decision due at 1800 GMT EQT surges on BPEA buyout deal March 16 (Reuters) – European stocks closed at over two-week highs on…

L’Oreal sees post-pandemic ‘roaring 20s’ driving cosmetics rebound

[ad_1] PARIS, Feb 12 (Reuters) – L’Oreal (OREP.PA), the world’s biggest cosmetics group, forecast a strong rebound in makeup sales when the COVID-19 pandemic gives way to a “roaring 20s”…

Moscow approves sale of Inditex’s Russian business to UAE-based buyer

[ad_1] This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, April 5 (Reuters) – The Russian government on Wednesday said it…

Italy data authority asks Facebook for clarifications on smart glasses

[ad_1] MILAN, Sept 10 (Reuters) – Italy’s data protection authority said on Friday it has asked Facebook (FB.O) to provide clarifications over the social media giant’s newly launched smart glasses…