Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy, executives told Reuters at an industry fair on Thursday, as demand strengthens in other markets like the United States and Britain.
The French fashion group, which owns Sandro and Maje, forecast more moderate sales growth in 2019 as street protests rock France and Britain's messy EU exit spreads uncertainty.
The 165-year-old company's return to the public market comes at a time when stocks are near all-time highs and the popularity of denim is surging.
The ‘Netflix for fashion’ platform has raised $125 million in a deal that values the company at $1 billion.
The British fashion retailer reported pretax profit of £50.9 million, down 26.1 percent, as discounting and uncertainty on Britain's high street weighed on the company.
The case highlights the challenge faced by brands in China, whose products run the risk of being copied.
Set to debut on the NYSE Thursday, Levi's sold $623.3 million in shares in its IPO with shares priced at $17, above the target range of $14 to $16.
The footwear and apparel company has emerged from bankruptcy, days short of a year since it filed for Chapter 11 protection, with a new name.
China has given a lifeline to European luxury brands, but trade tensions are brewing. Read China Decoded to make sense of the market.
Along with Louis Vuitton and Gucci, Hermès is still riding high on strong demand from Asian clients with net profit up 15 percent to €1.4 billion and operating income up 6 percent to €2 billion.