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As Prices Continue to Grow and the Government Hints at a Wealth Crackdown, Parallel Imports in China Warrant Attention
thefashionlaw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefashionlaw.com Daily Mail and Mail on Sunday newspapers.
Food inflation: a headache for CEOs and consumers alike
theweek.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theweek.co.uk Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones
By Carol Ryan European luxury brands tend to be better investments than American ones, but this year may be an exception. Shares in Tapestry, the New York-listed holding company for labels including Coach and Kate Spade, are up 40% since the start of the year, while Michael Kors-owner Capri has gained 27%. That puts both stocks ahead of big European peers such as Hermès, LVMH Moët Hennessy Louis Vuitton and Gucci-owner Kering. One reason is that the U.S. brands reported better than expected sales in their latest quarterly numbers, thanks in part to strong demand for designer clothing and handbags in China. Their e-commerce businesses are growing quickly: Tapestry s online sales have doubled in a year and now comprise almost 30% of turnover.
Provided by Dow Jones
By Carol Ryan U.S. cigarette companies are caught between hawkish regulators and the scarring experience of Marlboro-maker Altria s disastrous investment in vaping brand Juul. What is surprising is that this predicament still has the capacity to catch investors off guard. On Monday afternoon, The Wall Street Journal reported that the Biden administration is considering tighter tobacco regulations. The trigger is a petition that the U.S. Food and Drug Administration must respond to later this month, stating whether or not it plans to ban menthol cigarettes. The White House is also weighing whether to reduce the nicotine content of cigarettes to make them less addictive.
Luxury Brands Are Helped By a Lack of Other Spending Options—Heard on the Street
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.