-
Tata Motors Reports Quarterly Jump, Boosted by Jaguar Land Rover Division
Saturday, November 9, 2013 - 12:18pm | 682Very mixed news has been released lately on Tata Motors (NYSE: TTM). The Mumbai-based company reported a 71 percent jump in net profit to $566 million (35.42 billion rupees) for its fiscal second quarter ending September 30, compared to the same time period a year earlier. Revenue rose 31...
-
The Real Deal on Wall Street: Coach Investors Could be Doused with Gatorade
Tuesday, January 17, 2012 - 5:38am | 427Accessible luxury retailer Coach (NYSE: COH) will announce its holiday quarter earnings shortly, so I wanted to set things up beforehand in typical Real Deal style. One key to being a successful investor is averting disasters in the portfolio by properly fitting pieces of a puzzle (macro plus...
-
IPO Mania Continues: Prada Public Offering Generates 5 Times Demand
Sunday, June 12, 2011 - 9:40am | 295Iconic fashion house Prada, in its bid to raise more than $2.5 billion in an initial public offering, has generated five times demand for its offer, a source told Reuters on Sunday. Prada is only the latest company to announce its intention to go public in 2011, following a noticeable uptick in...
-
With Prada IPO on the Horizon, a Look at Other Public Luxury Goods Companies
Friday, June 3, 2011 - 6:36am | 267Prada, the iconic fashion house based in Milan, Italy, is preparing a $2 billion initial public offering in Hong Kong, according to a filing. The company expects to hit a profit of at least $215 million for the six months through June, likely boosting expansion and renovation of its stores when its...
-
Luxottica: An Eye for Emerging Market Growth
Monday, November 1, 2010 - 10:46am | 683Luxury handbag maker Louis Vuitton surprised investors earlier this month. It appears that the venerable French brand is closing the doors of its flagship store on Paris‘s Champs-Elysées an hour early this fall. Is the high-end retail boutique another victim of a bad economy? Not exactly. As it...
-
Luxury-Goods Makers Debate Price Cuts as Wal-Mart (WMT) Prospers
Thursday, December 17, 2009 - 8:39am | 133While discount retailers like Wal-Mart (NYSE: WMT)(FREE stock trend analysis) and CostCo (NYSE: COST)(FREE stock trend analysis) cut prices and make hay in the recession, the decision to reduce prices is much harder for luxury-goods retailers to make. Glamorous shoe designer Anyi Lu has cut its...