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Cartier, Van Cleef & Arpels are helping Richemont post solid results. In times of uncertainty, consumers def seem to be loyal to established jewelry brands whose designs will stand the test of time. bloomberg.com/news/articles/…

Senate hearings in France with Bernard Arnault are such a boon for the totally unknown lawmakers holding them. Of course Arnault fires some zingers but then the senators get their five seconds of fame. How else would they get the attention of (global) media outlets otherwise?

ICYMI: LVMH is sending out signs that 2Q sales trends will remain soft amid weak demand in China. More details in our scoop below ⬇️ bloomberg.com/news/articles/…

Times they are aaa changing: Rheinmetall to replace Kering in Euro Stoxx 50, JPMorgan says. Bloomberg

Bernard Arnault who normally gives out the award at VivaTech couldn’t come today. Antoine Arnault explains his diplomatic role prevented him from being here. Not sure Arnault ever skipped this award ceremony since it first started.

Big management shakeup coming at Kering: Renault CEO Luca de Meo will leave the French carmaker to join the Gucci owner as CEO, Bloomberg reports, confirming info first reported by Le Figaro. More here: bloomberg.com/news/articles/…

My Big Take on the troubles at LVMH below 🚨 bloomberg.com/news/features/…

Crazy readership on this story: regulators in China could crack down on the Labubu doll craze. This hitting shares of Pop Mart in HK which makes the toys. bloomberg.com/news/articles/…

Activist brands, yay or nay? Unilever bought Ben & Jerry's 25 years ago, but turns out it bought more than an ice cream maker. It bought a "social justice" activist label that's proving to be divisive. This comes as Unilever is hoping to spin off the ice cream unit. Personally, I

Nike’s performance in 🇨🇳: Greater China was the only region that didn’t beat estimates in the quarter. Executives said traffic remains challenged there and the recovery will take longer. bloomberg.com/news/articles/…

Weekend to Nice ruined due to strike. Was meant to fly with AF. But reading this from Ryanair, just 😡: Even though it’s French ATC that are striking, most disrupted passengers are not even flying to/from France but just overflying French airspace en route to their destination

LVMH always keeping everybody on their toes and announcing earnings results now on July 24. It seems everybody else is able to schedule their reporting day well before the luxury behemoth.

How's the luxury car market doing? well it's not doing great looking at Porsche. bloomberg.com/news/articles/…

Very strong results from Cartier owner Richemont. Sales of its jewelry unit surge 11% at constant fx. bloomberg.com/news/articles/…

And another customer data leak at Louis Vuitton. This time Hong Kong. In the past month it happened also in Korea and UK. And Dior leak reported in May. ⁦⁦Shirley Zhao⁩ bloomberg.com/news/articles/…

LVMH shares go from -2% to 5% in a v short period in this morning's trading session. What's going on? a trading reversal is also happening in health/autos/chemicals it seems. Tariff related?

And with this ladies and gentlemen, Hermès becomes the 2nd most valuable company in Europe on the Stoxx600 (After SAP). #birkin NOVO SHARES EXTEND DROP TO 28%, HITTING LOWEST SINCE FEB. 2022