BEST OF THE BROKERS October 16, 2011 WHITBREAD Analysts at UBS say Costa and Premier Inn owner Whitbread, which reports first half results tomorrow, is its most preferred stock in the leisure and tobacco sector. The investment bank is forecasting revenues of £889m, ebitda of £183m, and earnings per share of 69.6p. Whitbread’s restaurants continue to drag down on growth but Costa [...]
BEST OF THE BROKERS October 16, 2011 WHITBREAD Analysts at UBS say Costa and Premier Inn owner Whitbread, which reports first half results tomorrow, is its most preferred stock in the leisure and tobacco sector. The investment bank is forecasting revenues of £889m, ebitda of £183m, and earnings per share of 69.6p. Whitbread’s restaurants continue to drag down on growth but Costa [...]
Danone dairy chief to run Louis Vuitton September 14, 2011 LOUIS Vuitton, the star brand within the world’s biggest luxury group LVMH, yesterday unveiled a succession plan which will see a former Danone executive, Jordi Constans, take the executive reins as of 2013. Yves Carcelle, 63, chief executive of the French leather goods maker since 1990, will remain on the executive board of LVMH and [...]
Burberry first half profits jump November 15, 2011 Luxury goods group Burberry met forecasts with a 26 per cent rise in first-half profit, helped by buoyant tourist spending around the world, and kept its growth targets despite an uncertain economic backdrop. “We remain mindful of, and prepared to react to, any local or global uncertainties,” said the 155-year-old maker of raincoats and leather [...]
Burberry first half profits jump November 15, 2011 Luxury goods group Burberry met forecasts with a 26 per cent rise in first-half profit, helped by buoyant tourist spending around the world, and kept its growth targets despite an uncertain economic backdrop. “We remain mindful of, and prepared to react to, any local or global uncertainties,” said the 155-year-old maker of raincoats and leather [...]
Selfridges to buck the high street gloom November 6, 2011 SELFRIDGES, the British chain of high-end department stores, will this week report a surge in profits thanks to the resilience of the luxury goods market. The company, which is owned by Canadian billionaire Galen Weston, is expected to report a 19 per cent jump in profits later this week, after sales at is stories in [...]
Selfridges to buck the high street gloom November 6, 2011 SELFRIDGES, the British chain of high-end department stores, will this week report a surge in profits thanks to the resilience of the luxury goods market. The company, which is owned by Canadian billionaire Galen Weston, is expected to report a 19 per cent jump in profits later this week, after sales at is stories in [...]
RICHEMONT WARNS OF TOUGH TIMES AHEAD September 7, 2011 RICHEMONT, the luxury group behind Cartier watches and jewellery, has cautioned the strong sales growth it has seen so far this year may not last as economic uncertainty makes consumers more hesitant about splashing out on pricey goods. The world’s second-largest luxury goods group, which competes with Swatch and LVMH, posted a 35 per cent [...]
Luxury goods maker Hermes sees no sign of affluent cutting spending October 2, 2011 FRENCH luxury goods maker Hermes sees no sign yet of affluent buyers tightening their purse strings in spite of a sombre global economic outlook. Speaking at the brand’s show at Paris Fashion Week yesterday, chief executive Patrick Thomas said: “For the moment, there is no impact on our sales.” He added that he believed the [...]
Luxury goods maker Hermes sees no sign of affluent cutting spending October 2, 2011 FRENCH luxury goods maker Hermes sees no sign yet of affluent buyers tightening their purse strings in spite of a sombre global economic outlook. Speaking at the brand’s show at Paris Fashion Week yesterday, chief executive Patrick Thomas said: “For the moment, there is no impact on our sales.” He added that he believed the [...]