When it comes to luxury, it isn’t easy competing against European giants like LVMH, Richemont and Kering. But the stress on American luxury brands has grown in recent years — with Louis Vuitton-owner LVMH pushing further into North America with its 2021 purchase of Tiffany & Co. To compete, Tapestry (NYSE:TPR) — the owner of…
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Two Trends: Ferrari Revs Up, Oil Barrels Down
1/ Luxury bets continue to perform. Ferrari (NYSE:RACE) jumped 5% to new highs after blowing past earnings estimates — with profits jumping 24%. More cars: Ferarri’s waiting list has extended into 2025 with excitement building around its first SUV Purosangue — deliveries start in Q2 (Europe) and Q3 (US). More profits: Ferrari is pushing customers…
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