Luxury brands including Gucci, Saint Laurent and Stella McCartney defy China slowdown with sales up 3.1%

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The slowdown in China is still hurting luxury labels but the owner of brands including Gucci, Saint Laurent and Stella McCartney put in a better-than-expected third-quarter performance yesterday with same-store sales up 3.1 per cent, writes Laura Chesters. French-based Kering … Read More

Ferragamo CEO sticks to core profit guidance despite China slowdown

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The chief executive of Italian luxury goods maker Salvatore Ferragamo (SFER.MI) stuck on Sunday to last month’s profit guidance despite slowing growth in Asia, its biggest market. Speaking to analysts in late August, the chief financial officer of Ferragamo said … Read More

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