European Luxury Groups Rise After Kering Posts Improving Trends -- Market Talk

Dow Jones02-10

0834 GMT - Shares in European luxury companies climb after Kering, the owner of Gucci and other high-end brands, reported improving fourth-quarter sales trends and said it aims to return to growth this year. Shares in Kering trade around 13% higher, having risen as much as 14% earlier, which would be the stock's biggest one-day percentage gain since October 2008 if maintained until close. French peer LVMH, which houses Louis Vuitton and Dior, jumps 1.4%, while shares in Hermes are up nearly 3%. Italian rivals Salvatore Ferragamo and Brunello Cucinelli rise 3.2% and 2.5%, respectively. Burberry trades 3.9% higher, while Switzerland's Richemont and Swatch rise more than 1.5%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

February 10, 2026 03:34 ET (08:34 GMT)

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