A gauge of top luxury stocks in Europe fell to seven-week lows on Wednesday as a selloff in the sector continued following a strong run this year that has been key for positive returns across broader European markets.
Berkshire Hathaway Inc on Monday disclosed it has begun investing in Capital One Financial Corp while exiting investments in four other stocks, as the company run by Warren Buffett cut back its exposure to equities.
Fashion brands and airlines are creeping back into investors' good graces in Asia as lockdowns ease and vaccination rises, boosting travel and leisure activities, taking some shine off pandemic stalwarts such as supermarkets and gadget makers.
France's farm ministry on Thursday raised its estimate of the country's wine output this year, citing increased estimates for the Champagne, Bordeaux and Charentes regions, but it would still be down 27% on 2020 after frost and disease damaged crops.
Luxury group LVMH has purchased French perfume and cosmetics company Officine Universelle Buly 1803 with an eye to expanding it abroad, adding to its sprawling empire of high end labels.