Apple Inc.

MP Materials Corp.

Block, Inc.

US President Donald Trump signed the Stablecoin Act into law - a major event for crypto-business. Bitcoin price this week exceeded $123 thousand for the first time. The EU is preparing to impose duties on goods from the U.S. for 72 billion euros in response to Washington's trade fee hike from August 1. China's GDP dynamics gives hope to the luxury market. The main events from July 14 to 18 - in our review;

Highlights of the week: EU and duties for the US, bitcoin record, hope for luxury from China


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?

LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne

Compagnie Financiere Richemont SA

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

Unexpectedly rapid growth in the Chinese economy in the second quarter was a rare positive story in a pessimistic year for the luxury industry. However, China's strong GDP data does not cancel out the structural risks holding back consumption in a country that accounts for a quarter of global luxury sales.

China's economy outperformed forecasts in Q2. Why is this good for the luxury market?

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?


Kering SA

Moncler S.p.A.

The company plans to raise prices in the second half of the year as it has confidence in its consumers, but it is not certain that other luxury brands can replicate this

The Italian luxury brand surprised with high sales. What makes it stand out in the market?

Renault SA

On June 15, Renault <a href="https://media.renaultgroup.com/announcement-regarding-the-governance-of-renault-group/">announced</a> that its CEO Luca de Meo will step down effective July 15. This is not a retirement. He will <a href="https://www.kering.com/en/news/kering-announces-the-appointment-of-luca-de-meo-as-chief-executive-officer/">take the helm</a> of French group Kering, which owns famous fashion brands Gucci, Balenciaga, Yves Saint Laurent, Brioni and others. Why would a luxury company from the world of fashion need the experience of a top manager from the world of automobiles?

Stranger in the fashion house: why the owner of Gucci hired a CEO from a car company

Over the past two years, the owner of Gucci has lost nearly 66% of its market value

Luxury Brands