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Burberry fourth quarter sales jump 16% as China rebounds

British luxury fashion brand Burberry on Thursday reported stronger-than-expected fourth quarter sales driven by a rebound in China but continued weakness in the United States sent its shares down sharply. ....

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Richemont 2023 sales shoot up to all-time high

Luxury goods group Richemont beat expectations on Friday after high demand from Chinese consumers for jewellery and watches boosted sales over the three months to March 31, sending shares to record highs. ....

Andrey Sychev , Friederike Heine , Tristan Veyet , Thomson Reuters Trust Principles , Thomson Reuters Trust ,

Tapestry lifts forecast as Coach bags defy U.S. luxury gloom

Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases, strong demand for its Coach handbags and a sharp rebound in China would shield it from a wider slowdown in U.S. luxury purchases. ....

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Analysis: LVMH's caution points to Americans' waning lust for luxury

Luxury shoppers in the United States are curtailing purchases of high-end fashion and leather goods, LVMH's first-quarter sales report showed, adding to evidence that a strong, months-long, post-pandemic splurge may be ending. ....

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European stocks fall as Omicron worries rattle investors

European shares fell more than 1% on Thursday, as countries ramped up restrictions to curb the spread of the Omicron coronavirus variant, raising worries about hits to a nascent economic recovery. ....

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