Ticker: BURBY

Richemont (CFR) reported a 10% rise in Q3 sales, reaching €6.2 billion, outpacing expectations despite an 18% slump in China. This robust growth highlights the resilience of luxury brands amid economic uncertainties. Traders should monitor upcoming earnings from rivals LVMH and Kering.

Burberry (LSE: BRBY) appoints Joshua Schulman as CEO amid profit warning and dividend cancellation. Schulman, former CEO of Michael Kors, brings over 24 years of executive experience in fashion. His strategic vision and cost-cutting measures will be critical for Burberry’s future.