News
Rolls-Royce to return as much as $2 billion to shareholders in buyback, Sky News reports
3+ hour, 44+ min ago (136+ words) Feb 22 (Reuters) " Rolls-Royce Holdings is expected to announce alongside its annual "results this week "that it will launch a fresh share buyback worth as much as 1.5 billion "pounds ($2 "billion), Sky "News reported on "Sunday. Reuters could not immediately verify the…...
Ferrari beats fourth quarter estimates, sees core profit growing this year
1+ week, 5+ day ago (104+ words) MILAN, Feb 10 (Reuters) " Italian luxury carmaker Ferrari on "Tuesday said its core earnings would rise slightly in 2026 supported by "new models coming "this year, and beat analyst estimates for the fourth quarter of 2025, "sending its shares up. The company "guided…...
Kering’s fourth-quarter sales fall less than expected as Gucci slide continues
1+ week, 5+ day ago (371+ words) PARIS, Feb 10 (Reuters) " Kering reported on Tuesday a slightly smaller-than-expected drop in fourth-quarter sales, as investors await details of CEO Luca de Meo's plans to revive the Gucci owner's flagging "fortunes. Sales reached 3.9 billion euros ($4.64 billion), down 3% from the previous…...
Motor racing-Hollywood director Bay sues Cadillac F1 over Super Bowl advert
1+ week, 6+ day ago (380+ words) Feb 9 (Reuters) " Cadillac Formula One CEO Dan Towriss said he hoped for an amicable settlement to legal action taken by Hollywood director Michael Bay over a livery launch commercial "during Sunday's Super Bowl. The spot showed the as-yet unnamed black…...
LVMH heir Arnault promoted to group executive board
1+ week, 6+ day ago (199+ words) PARIS, Feb 9 (Reuters) " LVMH heir Antoine Arnault was promoted to the luxury group's executive committee on "Monday,the latest high-profile appointmentas CEO and chairman Bernard Arnault reshuffles leadership roles. The family-controlled group is facing increased investor scrutiny over its governance…...
Japan’s Kirin to sell Four Roses bourbon brand to Gallo for $775 million
2+ week, 2+ day ago (171+ words) Feb 6 (Reuters) " Japanese brewer Kirin Holdings said on Friday it will sell its Kentucky "bourbon brand Four Roses to E&J Gallo Winery of the U.S. for up to $775 million. Kirin, which bought Four Roses in 2002, said it "was looking to…...
New York Fashion Week spotlights American brands that have bucked luxury slowdown
2+ week, 3+ day ago (296+ words) By Alicia Powell and Helen Reid NEW YORK, Feb 5 (Reuters) " New York Fashion Week will kick off the month-long fashion show season next Wednesday, at a "time when some U.S. labels are finding new popularity even as the luxury industry struggles…...
Peoria High basketball coach released from jail on conditions after arrest for allegedly soliciting a minor
2+ week, 3+ day ago (131+ words) PEORIA, Ill. " Peoria High School's boys' basketball coach has been formally charged by prosecutors for allegedly trying to solicit a minor. The Peoria County State's Attorney's Office says 41-year-old Daniel Ruffin was ordered released from jail on Wednesday after being charged…...
Hermes designer bows out after 37 years with final menswear show in Paris
4+ week, 1+ day ago (212+ words) PARIS, Jan 24 (Reuters) " Hermes menswear designer V'ronique Nichanian presented her final collection on Saturday in Paris "after nearly four decades in the role, as the 71-year-old prepared to pass the baton to young British designer Grace Wales Bonner. R&B…...
Stars of fashion and film bid farewell to haute couture ’emperor’ Valentino
4+ week, 2+ day ago (368+ words) By Matteo Negri and Giulia Segreti ROME, Jan 23 (Reuters) " Valentino, Italy's haute couture "emperor, was laid to rest in Rome on Friday, with the distinctive red he championed in his collections echoed in splashes of crimson "among the black-clad mourners....