Richemont

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Quarterly net profit at Hugo Boss fell 84 per cent to €11 million on sales down 4 per cent to €622 million. The net profit missed average analyst forecasts for €36 million, while sales were ahead of a consensus for €611 million. Photograph: Grigory Dukor/Reuters

Mark Langer, the new chief executive of Hugo Boss, said the German fashion house is closing another 20 stores and refocusing its US business as it cut(...)

Ryanair:  among a number of airlines that experienced declines on Friday as a result of the attack in Nice, France. Photograph:  Eric Luke

European stocks stabilised late on Friday after a further bout of volatility sparked by the attack in Nice in the south of France. Travel and leisure (...)

Traders work on the floor of the New York Stock Exchange. US stocks were higher in trading on Friday, with the S&P and Dow on track to eke out their first weekly gains in five weeks as technology and financial stocks rose.

Shares broke their losing streak on Friday as investors shrugged off concerns about a likely US rate hike next month, sending markets rising across Eu(...)

Richemont, the maker of Cartier jewellery, forecast a difficult first half after sales plunged 18 per cent in April.

Richemont, the maker of Cartier jewellery, forecast a difficult first half after sales plunged 18 per cent in April. The Swiss company also reported (...)

Richemont said sales in Hong Kong and Macau were “significantly lower,” while mainland China returned to growth with retail sales growing at a “strong double-digit rate. (Photograph: Denis Balibouse/Reuters)

Richemont, the world’s biggest jewelry maker, said sales growth accelerated as weaker currencies attracted big-spending tourists to Japan and Europe,(...)

Parallel parking: superyachts lined up in Port Hercule at the  “Business of Luxury” summit in Monaco. Photograph: Chris Ratcliffe/Bloomberg
Planet Business

In Numbers: Currency Waterloo 180,000 Number of special €2 coins minted by Belgium to celebrate the 200th anniversary of Napoleon’s defeat at Waterl(...)

Net-a-Porter founder Natalie Massenet is finalising negotiations with Richemont over the five-year payout she agreed with the Swiss group when it bought control in 2010.

Italian online fashion retailers Yoox and Richemont’s Net-a-Porter confirmed merger talks were under way to create an industry leader in the fast-grow(...)

Pro-democracy protesters in Hong Kong’s financial central district last October. Photograph: Damir Sagolj/Reuters

On the surface it’s as if the pro-democracy protests of late 2014 never happened in Hong Kong. People rush around, consuming like crazy, with job ads(...)

Dublin index heavyweight CRH added 1.17 per cent to close at €19.83

European markets rose as oil company gains helped to counterbalance a sharp fall in Swiss equities sparked by the country’s national bank decision to(...)

The Swiss National Bank scrapped its euro cap on the franc and drove Swiss stocks down nearly 9 per cent, their biggest one-day percentage fall for at least 25 years. One trader described the central bank’s move as “carnage”. Photograph: Martin Leissl/Bloomberg

Switzerland’s move to jettison a three-year-old cap on the franc threw global markets into turmoil yesterday, sending the currency and most European(...)

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