Luxury | Financial Buzz

Investing News Market News Retail The Market Buzz

Tiffany Beats Earning Estimates Amid Growing China Demand

Rebecca Urena11/24/2020

17375

Tiffany & Co. (NYSE: TIF), which is in the process of being acquired by LVMH, reported better than anticipated third quarter results on Tuesday. The jeweler experienced a sales...

Automotive Market News Technology The Market Buzz Travel

Ferrari Guides to a Better-Than-Predicted 2020 Profit

Danny Abramov11/03/2020

2951

Ferrari N.V. (NYSE: RACE) shares up 7 percent after the producer and seller of luxury performance sports cars announced its consolidated preliminary results for the third quarter and nine...

Automotive Investing News Market News Technology The Market Buzz

BMW fined $18 Million After Inflating Monthly US Sales

Rebecca Urena09/25/2020

1410

The Securities and Exchange Commission announced that the luxury automaker, BMW (OTCMKTS: BAMXF), will be paying a fine of USD18 Million as a consequence of misreporting its car sales ...

Fashion Investing News Market News The Market Buzz

Ralph Lauren to Cut Jobs in Effort to Save $200 Million

Rebecca Urena09/22/2020

2656

Ralph Lauren (NYSE: RL), the Luxury American fashion company, announced Tuesday it will be cutting 15% of its global employees before the end of the fiscal year. The news...

Fashion Investing News Market News

Prada Reveals China Sales Surpassed 2019 Metrics

Rebecca Urena09/11/2020

2976

Prada (OTCMKTS: PRDSY), Italian luxury fashion house, announced sales in China had been steadily increasing since its locations had reopened. Chief Executive Patrizio Bertelli told Reuters that sales had...

Market News Technology The Market Buzz

Ferrari Reports Earnings Reflecting Challenges in a Time of Covid-19

Zehong (Marco) Zhou08/03/202008/03/2020

5825

Ferrari N.V. (NYSE: RACE) reported Monday its consolidated preliminary results for the second quarter and six months ended June 30, 2020. The luxury performance sports car maker also narrowed its...

Tag: Luxury