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LVMH clinches 10-year sponsorship deal with Formula 1

UPDATE 3-LVMH clinches 10-year sponsorship deal with Formula 1 Adds value of Formula 1 sponsorship deal in paragraph 2 PARIS, Oct 2 (Reuters) - French luxury giant LVMH LVMH.PA has reached a 10-year sponsorship deal with Formula 1 which covers its Louis Vuitton, Moet Hennessy and TAG Heuer brands, replacing long-time sponsor Rolex, the company announced on Wednesday.
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Formula 1 And LVMH Announce 10-Year Global Partnership

BRIEF-Formula 1 And LVMH Announce 10-Year Global Partnership Oct 2 (Reuters) - LVMH Moet Hennessy Louis Vuitton SE LVMH.PA : FORMULA 1 AND LVMH ANNOUNCE HISTORIC 10- YEAR GLOBAL PARTNERSHIP FURTHER DETAILS OF THE PARTNERSHIP WILL BE ANNOUNCED IN EARLY 2025 AGREEMENT WILL LAUNCH AT THE BEGINNING OF NEXT SEASON Source text: https://tinyurl.com/2d25cp
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LVMH strikes sponsorship deal with Formula 1

LVMH strikes sponsorship deal with Formula 1 PARIS, Oct 2 (Reuters) - French luxury giant LVMH LVMH.PA has reached a 10-year sponsorship deal with Formula 1 which covers its Louis Vuitton, Moet Hennessy and TAG Heuer brands, the company announced on Wednesday. The partnership will start in 2025, the company added. Reporting by Tassilo Hummel;Editin
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LVMH And Formula One Agree To 10-Year Sponsorship Deal - WSJ

BRIEF-LVMH And Formula One Agree To 10-Year Sponsorship Deal - WSJ Oct 2 (Reuters) - LVMH AND FORMULA ONE AGREE TO 10-YEAR SPONSORSHIP DEAL - WSJ Source https://tinyurl.com/krw5pcby
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Time to go idiosyncratic on luxury - BofA

LIVE MARKETS-Time to go idiosyncratic on luxury - BofA STOXX 600 down 0.2% Oil stocks rally, Brent up $2 Airlines fall, defence rises Wall Street futures down Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com TIME TO GO IDIOSYNCRATIC ON LUXURY - BofA Luxury names have rallied across the board on hopes for China stimulus, but it's time to start getting more specific, at least accord
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LVMH and Ruffini group won't increase Moncler stake beyond 20%

LVMH and Ruffini group won't increase Moncler stake beyond 20% MILAN, Oct 2 (Reuters) - LVMH LVMH.PA and Ruffini Partecipazioni Holding have agreed not to increase their stake in Moncler MONC.MI to more than 20% in the next three years after the French luxury giant invested in the Italian outerwear company. Last week the companies announced that LVMH purchased a 10% stake in Double R, the investment vehicle controlled by the CEO's Ruffini Partecipazioni Holding, which currently has a 15.8% stake
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Surprise, surprise: U.S. exceptionalism might be back

LIVE MARKETS-Surprise, surprise: U.S. exceptionalism might be back STOXX 600 little changed oil stocks rally, Brent up $2 Airlines fall, defence up Wall St futures down Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com SURPRISE, SURPRISE: U.S.
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Fashion designer Hedi Slimane leaves LVMH's Celine

UPDATE 3-Fashion designer Hedi Slimane leaves LVMH's Celine Hedi Slimane exits Celine Michael Rider named to replace Slimane Rider worked alongside former Celine designer Phoebe Philo Adds Slimane's successor in paragraph 2, analyst comment in paragraphs 4-5, 17 By Mimosa Spencer PARIS, Oct 2 (Reuters) - Fashion designer Hedi Slimane has left LVMH's LVMH.PA Celine brand, the company said on Wednesday, marking the latest high-profile departure from a fashion label as the industry grapples with a
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US election: implications for Europe

LIVE MARKETS-US election: implications for Europe STOXX 600 down 0.2% oil stocks rally, Brent up $2 Airlines fall, defence up Wall St futures down Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com US ELECTION: IMPLICATIONS FOR EUROPE The U.S.
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Fashion designer Hedi Slimane leaves LVMH's Maison Celine

Fashion designer Hedi Slimane leaves LVMH's Maison Celine PARIS, Oct 2 (Reuters) - Fashion designer Hedi Slimane has left LVMH's LVMH.PA Maison Celine division, said LVMH on Wednesday. Reporting by Sudip Kar-Gupta; Editing by Benoit Van Overstraeten
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Wall Street Journal - Oct 2

PRESS DIGEST -Wall Street Journal - Oct 2 Oct 2 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - The board of LPL Financial Holdings LPLA.O terminated Dan Arnold as the retail investment advisory firm's top executive. - Abu Dhabi's ADNOC has clinched a $13 billion-plus deal for Germany's Covestro 1COV.DE .
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Louis Vuitton shows flouncy, layered looks at the Louvre for Paris Fashion Week

Louis Vuitton shows flouncy, layered looks at the Louvre for Paris Fashion Week By Mimosa Spencer PARIS, Oct 1 (Reuters) - Louis Vuitton womenswear designer Nicolas Ghesquiere showed a lineup of layered looks with short, flouncy skirts and puffy-sleeved jackets for the label's spring-summer outing on Tuesday, the last day of Paris Fashion Week. Set up in a temporary venue in a courtyard of the Louvre Museum, the runway was fashioned out of a mishmash of trunk facades.
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Lagardère And LVMH Finalize The Sale Of Paris Match

BRIEF-Lagardère And LVMH Finalize The Sale Of Paris Match Oct 1 (Reuters) - LVMH Moet Hennessy Louis Vuitton SE LVMH.PA : LAGARDÈRE AND LVMH FINALIZE THE SALE OF PARIS MATCH Source: https://tinyurl.com/nhc5zjps Further company coverage: LVMH.PA (Gdansk Newsroom)
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SharkNinja rises after Oppenheimer starts at 'outperform'

BUZZ-SharkNinja rises after Oppenheimer starts at 'outperform' ** SharkNinja Inc's SN.N shares up 1.5% premarket to $110.39 after Oppenheimer initiates home appliance maker at 'outperform' ** Brokerage sets PT at $120, implying ~10% upside to stock's last close ** SN an "attractive global consumer growth play", Oppenheimer says in note, adding management has executed well and exceeded expectations in recent qtrs despite difficult US consumer durables backdrop ** Leading brand portfolio, track re
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Assessing the impact of potential tax hikes on French stocks

RPT-LIVE MARKETS-Assessing the impact of potential tax hikes on French stocks Repeats to include named item code with no changes to text STOXX 600 up 0.4% Banks drag Real estate leads, up 1.4% Euro zone inflation eases Oct 1 (Reuters) - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com ASSESSING THE IMPACT OF POTENTIAL TAX HIKES ON FRENCH STOCKS France finally has a new government,
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Assessing the impact of potential tax hikes on French stocks

LIVE MARKETS-Assessing the impact of potential tax hikes on French stocks STOXX 600 up 0.4% Banks drag Real estate leads, up 1.4% Euro zone inflation eases Oct 1 (Reuters) - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com ASSESSING THE IMPACT OF POTENTIAL TAX HIKES ON FRENCH STOCKS France finally has a new government, but investor jitters remain fraught amid media reports that ne
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GS doubtful China stimulus will boost spending near term, cuts Kering

BUZZ-GS doubtful China stimulus will boost spending near term, cuts Kering ** Goldman Sachs says it is unlikely that China stimulus measures will positively impact high-end spending near-term and cuts its rating on Gucci owner Kering PRTP.PA ** Kering's shares, which rose 17% until Friday's close since the stimulus was announced, are down around 2.
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ASM International, Burberry, LVMH

EUROPE RESEARCH ROUNDUP-ASM International, Burberry, LVMH Oct 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASM International, Burberry and LVMH on Tuesday. HIGHLIGHTS * ASM International ASMI.AS : Stifel cuts target price to EUR 740 from EUR 800 * Burberry Group BRBY.L : HSBC raises target price to 770p from 690p * Carlsberg CARLb.CO : Jefferies cuts target price to DKK 1,000 from DKK 1,100 * LVMH LVMH.PA : HSBC raises target p
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 1 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. ALTAREA IMAF.PA The property developer completed a 300 million euro ($334.23 million) bond issue. CASINO CASP.PA The supermarket chain will present a new strategy in November.
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Financial Times - Oct 1

PRESS DIGEST- Financial Times - Oct 1 Oct 1 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Simon Case steps down as UK cabinet secretary - EY picks Anna Anthony as UK boss after three-way race - Roche plans to launch drugs and slash development costs - LVMH sells Off-White streetwear brand founded by Virgil Abloh - Qatar Airways agrees to buy 25% stake in Virgin Australia Overview Sim
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