Tapestry, Inc.

Ralph Lauren Corporation

LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne

Shares of Tapestry, which owns Coach, and Ralph Lauren were more favorable to investors than LVMH and Gucci securities

American luxury has surpassed European luxury in terms of profitability. Will it be able to maintain its position?

TotalEnergies SE

Sanofi

French banking conglomerate BNP Paribas is hoping for good entry points into European equities  

Goldman and Citi expect the rally in European equities to continue despite the crisis in France

The Kraft Heinz Company

Oil prices fell in early trading after OPEC+ agreed another significant production increase for September. A sharp drop in tourist spending in Japan and Europe hit sales of luxury brands. China unexpectedly imposed an interest income tax on government and bank bonds, spurring a sell-off in the debt market. Buffett recognized a $3.8 billion loss on Kraft Heinz, one of his biggest disappointments in decades. On these and other topics - in our review of key events for the morning of August 4.

Highlights for the morning: oil prices fall, luxury under pressure, Buffett admits failure

Hermes International Societe en commandite par actions

Birkin maker beats rivals thanks to customer loyalty, but analysts point to possible overheating


Hermès sales rise despite slump in luxury demand. Why did the stock fall after the report?

The ability of companies to raise prices is limited, with some estimates already rising an average of 33% in the four years since the pandemic

The EU-US deal has given respite to the luxury sector. What does it mean for brands' profits?

The slowdown in the apparel and leather goods segment was largely due to a drop in sales in Japan after strong growth last year

Louis Vuitton owner's sales are falling. Why is this a signal to the entire luxury sector?


Burberry Group plc

Despite the first signs of stabilization, it is not yet possible to talk about the recovery of the luxury sector, says Mario Ortelli, managing director of Ortelli & Co.

Burberry has recorded another decline in sales. Why did its shares soar in value?

Compagnie Financiere Richemont SA

Cartier owner's sales rose thanks to the jewelry segment amid a slump in the luxury segment

LVMH's market value fell by more than a third in a year

"LVMH's subsidiary was put under external management. Is it worth buying its shares?


The diamond miner Diamcor Mining has announced a term-loan financing to accelerate growth in diamond processing at its primary project, the Krone-Endora mine in South Africa. The company <a href="https://www.diamcormining.com/news/diamcor-announces-term-loan-financing-to-expedite-increased-processing-at-krone-endora?utm_source=in_materials">believes</a> the short-term issues that depressed demand and prices throughout the rough diamond sector in 2024 are showing signs of improvement, and thus expects the market to rebound in 2025.

Tiffany’s diamond supplier Diamcor sees demand recovery in 2025

Shares of diamond mining company Diamcor Mining fell sharply on Tuesday, June 18, on the Canadian exchange and in over-the-counter trading in New York, continuing to decline on June 19 in Frankfurt. The company <a href="https://diamcormining.com/news/diamcor-extends-closing-of-second-tranche-of-private-placement">announced</a> it had extended the closing of the second tranche of its private placement, from which it aimed to raise up to CAD 2.5 million (approximately USD 1.8 million).

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