Hermes Defies Luxury Slowdown With Sales Jump in China
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.
The shares of DWS Group, the investment arm of Deutsche Bank AG, slumped the most in a week after its first-quarter pretax profit fell short of estimates even as inflows pushed assets under management to a record.
H2O Asset Management is seeking to avoid a UK fine by offering payoffs to irate clients who have been prevented since 2020 from accessing investments that were then worth about €1.6 billion ($1.7 billion).
Swedbank AB reported first-quarter profit that beat analyst estimates, with costs better than estimated, in contrast with its Swedish peers.
The deep freeze that’s gripped Europe’s real estate markets since borrowing costs jumped worsened at the start of the year as deals plunged to their lowest levels since 2011.
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