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CDI - Christian Dior SE News Story

€379 -8.4  -2.2%

Last Trade - 2:15pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £59.64bn
Enterprise Value £106.70bn
Revenue £45.81bn
Position in Universe 11th / 864

BUZZ-Luxury stocks rise as Gucci, Moncler's strong sales ease fears of Hong Kong hit

Fri 25th October, 2019 10:29am
** Shares of European luxury goods companies rise as results from Gucci parent Kering PRTP.PA , Italian jacket maker Moncler MONC.MI ease fears of a major sales hit from Hong Kong protests ** Companies post double digit Q3 sales growth as they benefit from brisk business across the rest of Asia urn:newsml:reuters.com:*:nL5N2797VC ** PRTP jumps nearly 9% and MONC gains 8% urn:newsml:reuters.com:*:nL5N27A26M urn:newsml:reuters.com:*:nL5N27A258 ** Other luxury co also up: Burberry BRBY.L 0.6%, LVMH LVMH.PA 1.5%, Hermes HRMS.PA 1.3%, Christian Dior DIOR.PA 1.6% ** Cartier and IWC parent Richemont CFR.S as well as Omega maker Swatch Group UHR.S - among the most exposed groups to Hong Kong, a major centre for watch exports - up between 0.6% and 1.5% ** Luxury cos across both sides of the Atlantic, from Tiffany & Co TIF.N to Louis Vuitton handbag maker LVMH, have seen sales in Hong Kong drop this year as months of pro-democracy protests put off tourists and shoppers ** However, LVMH also said on Thursday the drag from Hong Kong was less than feared urn:newsml:reuters.com:*:nL5N26V1HV <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Luxury stocks https://tmsnrt.rs/31JXlyg ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Uday Sampath in Bengaluru) ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223 8780; Twitter: @sampath_uday; Reuters Messaging: UdaySampath.Kumar.thomsonreuters.com@reuters.net))
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