Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples from stock markets to casino floors and dampens spending by the country’s richest consumers.

Shares of cloud computing platform DigitalOcean (NYSE:DOCN) jumped 2.9% in the afternoon session after its unit, Cloudways, announced the launch of a new product line called Managed AI Agents.

Aug 13 (Reuters) - The increasing prevalence of AI chatbots handling consumer shopping is pushing merchants to uphold more ‌direct customer relationships over fears of losing their loyalty and repeated ‌purchases, payments firm Adyen said on Thursday. Traditionally, consumers have browsed, logged in and paid directly through online ​channels.

European stock indexes rose in early trade as earnings stories drove increases. The Europe-wide Stoxx 600 added 0.3%, led by consumer-facing stocks and healthcare. London's FTSE 100 moved 0.3% higher, led by a 10.

Results across Europe’s leading luxury groups pointed to the power of VICs and newness, while a fragile China still complicates the rebound story for much of the sector.

Hermès International earnings put recent share performance in focus Hermès International Société en commandite par actions (ENXTPA:RMS) reported half year 2026 earnings with sales of €8,163 million and net income of €2,238 million, giving investors fresh numbers to assess the luxury group. See our latest analysis for Hermès International Société en commandite par actions. The latest earnings come after a tough spell for Hermès International Société en commandite par actions shareholders, with...

At constant exchange rates, revenue increased 6%, with currency movements reducing reported revenue by more than €360m over the six-month period.

The FTSE 100 was lifted by well-received earnings and gains in BP and Shell as the oil price strengthened.

By Purvi Agarwal, Tharuniyaa Lakshmi and Avinash P July 29 (Reuters) - European shares edged lower on Wednesday, as diverging results from French luxury groups weighed on the broader sector, while

The better-than-expected performance by Gucci prompted a flurry of upgrades from analysts.

Shares of Hermes fell 11% after the luxury group's sales in China disappointed investors. “Pork is eaten, particularly during banquets and in restaurants… so, it is a good indicator of the desire to, you know, celebrate,” Dumas said. Hermes reported a 6.7% rise in second-quarter revenue today.

↗️ Ford Motor (F): Despite posting a drop in second-quarter revenue, the automaker boosted its full-year earnings outlook. Shares climbed more than 4% premarket. ↗️ Kering (FR:KER): Shares in Gucci’s parent company jumped more than 11% after revenue rose, signaling a recovery after years of weak demand.

Sales were up 6.7 percent at constant currency as the Americas posted double-digit growth and leather goods showed continued strength.

Asia’s wealthiest man Gautam Adani is considering a bid for Britain’s largest port operator, in what would be the Indian industrialist’s first...

The fashion house’s revenue was 6.7% higher compared with the same period a year earlier excluding currency movements.

FTSE 100 up 14 points to 10,885 Earlier topped 10,949 - a new intraday high Results out from Glencore, Rio, Reckitt, Stan Chart, Greggs, Aberdeen, Weir 1.30pm: BMW eyes 8,000 job cuts BMW is reportedly preparing to cut as many as 8,000 jobs in Germany as the carmaker responds to...

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Hermès continues to be the most reliable luxury stock, even if Cartier’s owner Richemont is catching up.

Strong jewelry demand drove quarterly sales well above expectations, sending Richemont shares to a record high.

STORY: Jewellery appears to be shining bright. Cartier-owner Richemont gave a boost to the luxury sector on Wednesday after comfortably beating its Q1 sales forecast. The Swiss-based group, which also owns brands Piaget and Van Cleef & Arpels, saw accelerating demand for its jewellery and watches. And said its sales rose by a fifth to $7.24 billion in the three months to the end of June. The figure soared past analyst forecasts, with one branding it a “flabbergasting” result. Richemont's jewellery business in particular saw sales rise by close to a quarter, much better than the 13.5% forecasts. The result sent Richemont's shares 6% higher in early trading - while the Stoxx European Luxury 10 index, which includes industry giants like LVMH and Hermes, rose 2.5%. Investors were encouraged by the group’s positive comments on the greater China region, where sales rose at a double-digit rate. Another analyst said Richemont was benefiting from growth at both ends of the luxury market… With demand for high-end jewellery among the ultra-wealthy and value-for-money products among aspirational consumers.

↗️ PayPal Holdings (PYPL): Shares of the digital-payments company surged more than 15% in premarket trading following a Reuters report that payments processor Stripe and private-equity firm Advent offered to buy it for more than $53 billion.

Sales at the luxury group rose 20%, bolstered by its jewelry business and despite a volatile market for the sector.

The company is raising at least $75 million, led by Robot Ventures, with significant participation from USV and other prominent investors.