State Street Consumer Discretio News - April 15, 2026
LVMH growth hits three-year low, dragged by Dior and Vuitton
LVMH reported first-quarter revenue of €19.1 billion. Reported revenue fell 6%. Organic growth rose 1%, narrowly missing analyst expectations. This...
LVMH Revenue Falls to €19.1B, Sparking $176B Luxury Sector Slump
LVMH reported a 5.9% drop in total revenue to €19.1 billion for the first quarter. The core Fashion and Leather Goods division saw a 2% organic decline....
Hermes Birkin sales growth slows to 5.6%, hit by Middle East conflict
Hermes reported a 5.6% rise in first-quarter 2026 revenue excluding currency fluctuations. This performance marks a significant deceleration from the 9.8%...
Amazon acquires Globalstar for $11.6B to challenge Starlink and power iPhones
Amazon signed a definitive agreement to acquire satellite operator Globalstar for approximately $11.6 billion. The cash-and-stock transaction strengthens...
Amazon buys Globalstar for $11.57B, challenging Starlink in satellite market
Amazon is acquiring satellite operator Globalstar for approximately $11.57 billion. This move bolsters the Amazon Leo initiative, formerly known as Project...