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India

Sarah White

Lockdowns boost Casino food sales, but profit disappoints

30 Jul 2020

PARIS A pick-up in food buying triggered by coronavirus lockdowns extended a revenue bounce at French supermarket group Casino in the second quarter, but extra costs ate into profits, disappointing investors.

Gucci owner Kering says outlook unclear as virus hammers sales

28 Jul 2020

MILAN/PARIS French luxury group Kering said on Tuesday second-quarter comparable sales plunged by 43.7% due to the COVID-19 pandemic, adding it could not provide a forecast for the second half of the year despite an encouraging recovery in Asia.

Gucci owner Kering says outlook unclear as virus hammers sales

28 Jul 2020

MILAN/PARIS French luxury group Kering said on Tuesday second-quarter comparable sales plunged by 43.7% due to the COVID-19 pandemic, adding it could not provide a forecast for the second half of the year despite an encouraging recovery in Asia.

Peugeot maker PSA upbeat on strong rebound

28 Jul 2020

PARIS Peugeot maker PSA Group delivered a profit in the first half of the year even as the COVID-19 pandemic hit revenue, and said a strong sales rebound in June in its core European markets had extended into July. | Video

Louis Vuitton owner flags June turnaround after sales slump

28 Jul 2020

PARIS/MILAN LVMH, the world's biggest luxury goods group, said sales momentum picked up in June and had especially improved in China, after store closures sparked by the COVID-19 pandemic tore a hole into the Louis Vuitton owner's second-quarter sales. | Video

L'Oreal's beauty-conscious customers return post-lockdown

25 Jun 2020

PARIS Purchases of cosmetics are picking up - especially in China - as countries exit coronavirus shutdowns that forced forced hair salons and retailers to close, L'Oreal Chief Executive Jean-Paul Agon said.

Chanel warns virus impact will linger on luxury sector

18 Jun 2020

MILAN/PARIS The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.

CORRECTED (OFFICIAL)-UPDATE 2-Chanel warns virus impact will linger on luxury sector

18 Jun 2020

MILAN/PARIS, June 18 The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

29 May 2020

PARIS Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. | Video

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