WWD : Luxury Bag Price Increases in the Time of COVID-19 in China: A Ranking

Luxury Bag Price Increases in the Time of COVID-19 in China: A Ranking
Louis Vuitton's Pochette Accessories saw a 46.2 percent increase in price, while Chanel hiked the price for Classic Flap bags by 20 to 31 percent in 2020.

People line up in front of a Louis Vuitton store in Shanghai.
Wang Gang/AP

In addition to pent-up demand, rounds of price hikes in China are also responsible for luxury brands’ better-than-expected results during one of the most challenging years for retail in recent memory.

Top-tier brands such as Louis Vuitton, Chanel and Dior lead the way: Vuitton’s entry-level Pochette accessories saw a staggering 46.2 percent increase in price, while Chanel hiked the price for the Classic Flap range by 20 to 32 percent in 2020.

On average, bestselling models, such as the Prada Re-Editions, Lady Dior and Gucci Jackie now are asking 18 to 25 percent more than a year ago in China.

Hermès, on the other hand, only increased handbag prices by 3 to 6 percent throughout the pandemic.

China’s top fashion influencer Mr. Bags, who has been monitoring the price changes for his followers, told WWD that brands won’t push the price up overnight. They will selectively push certain bag prices up, keep them stable for a while and then increase a new group of bag prices.

For example, Dior didn’t change the price for the Saddle Bags for over a year until last month, and the price for the Chanel 19 remains relatively stable, with only a 5 to 6 percent increase.

In 2021, the more frequent price hikes are likely to continue. Gucci increased its prices on March 9, with its Neo Vintage GG Supreme going up by 15 percent and the Horsebit 1955 by 5 percent — passing the 20,000 renminbi price mark to 20,500 renminbi. In the U.K., the same bag costs 1,670 pounds or 15,100 renminbi, 35 percent cheaper than buying in China.

Clockwise from top left: Chanel’s Mini Square Classic Flap, Louis Vuitton’s Pochette Accessories, Prada’s Re-Edition 2005 and Dior’s Mini Saddle are among some of the bags with the highest price hikes in China throughout the pandemic. Courtesy
Interestingly, many Chinese luxury consumers are not bothered by the frequent price hikes. Instead, they line up outside the stores days before the new prices are applied. In their eyes, they are not just buying a bag — they are investing in the future.
At the same time, daigou — meaning shopping proxy in Chinese — continues to benefit greatly from the regional price difference, even as China’s e-commerce laws have tightened the screws on the gray market.
Here, WWD compiles the 15 luxury handbags with the highest price increases in China throughout the pandemic.

1. Louis Vuitton, Pochette Accessories, +46.4%, from 4,200 to 6,150 renminbi
2. Chanel, Mini Square Classic Flap, +31.9%, from 21,600 to 28,500 renminbi
3. Louis Vuitton, Toiletry Pouch 26, +28.9%, from 3,450 to 4,450 renminbi
4. Louis Vuitton, Multi Pochette Accessories, +28%, from 12,500 to 16,000 renminbi
5.Prada, Re-Edition 2005, +26.4%, from 8,700 to 11,000 renminbi
6. Dior, Mini Saddle, +25%, from 20,000 to 25,000 renminbi
7.Chanel, Small Classic Flap, +24.5%, from 37,600 to 46,800 renminbi
8.Dior, Mini Lady Dior, +22.2%, from 27,000 to 33,000 renminbi
9. Dior, Mini Dior Book Tote, +21.9%, from 16,000 to 19,500 renminbi
10.Chanel, Medium Classic Flap and 2.55 Reissue, +20.9%, from 42,600 to 51,500 renminbi
11. Dior, 30 Montaigne, +20%, from 22,500 to 27,000 renminbi
12. Chanel, Large Classic Flap, +19.1%, from 47,100 to 56,100 renminbi
13.Gucci, Mini Jackie, +18.2%, from 14,300 to 16,900 renminbi
14.Dior, Medium Lady Dior, +17.6%, from 34,000 to 40,000 renminbi
15.Gucci, Super Mini GG Marmont, +16.3%, from 6,450 to 7,500 renminbi

WWD : A Year Into Pandemic, China Demand Drives Global Luxury

A Year Into Pandemic, China Demand Drives Global Luxury
Spend repatriation, livestreaming, and new shopping hubs like Hainan have emerged since the onset of COVID-19.

SHANGHAI — First to get hit with the COVID-19 virus more than a year ago, China has also emerged quickest out of the pandemic-induced lockdown. Thanks to a combination of high mask-wearing compliance, aggressive tracking of its population with QR codes, and weeks-long quarantine policies, it has become one of the few countries that can say it is firmly on a path to recovery.

At the annual Two Sessions congress meeting in early March, the government set a GDP growth target of more than 6 percent for 2021, after the country eked out 2.3 percent growth in 2020. However, it did acknowledge the degree of continuing volatility created by the pandemic by diverging from its usual protocol and did not release a GDP forecast for the coming five-year period to 2025. Still, even Wuhan in Hubei province, the epicenter of the outbreak, is expected to clock 10 percent year-over-year GDP growth this year.

Recent data indicates the country should have no difficulty hitting those targets. Last week China revealed first-quarter GDP skyrocketed by 18.3 percent, slightly below expectations of 19 percent but still a record. Retail sales in the first quarter leaped 33.9 percent. Companies from LVMH Moët Hennessy Louis Vuitton to L’Oréal and Ralph Lauren Corp. highlighted China as a key market driving their growth over the last quarter and more.

Recovery looks different across this large country. Life in Shanghai returned to what many could consider normalcy by about April last year with the relaxation of mask restrictions and people filling busy weekend markets and packing out restaurants, bars and nightclubs. However, Beijing has had a rougher go of things and has experienced more frequent small outbreak clusters and more stringent measures as the nation’s capital.

Hubei’s 77-day lockdown was finally lifted last April. Given the province bore the brunt of the virus, the people there understandably tend to be more cautious in their pandemic prevention and control measures. Far into September last year, it was difficult to find anyone not wearing a mask in Hubei.

“Things have normalized [in Wuhan] and the fashion sector is no exception,” said Rae Zhang, a Wuhan native and founder of Casaluna, a wedding dress retailer. She added that the provincial capital has seen a boost of investment and attention from both the public and private sectors, with many new commercial developments coming online.

“Wuhan indeed is getting a lot of new mall openings, whether it is Heartland 66, SKP, K11, Paradise Walk, or the renovated Wuhan International Plaza, I’m personally excited about it,” she said.

On the e-commerce front, China’s already digitally savvy population got even more digital given the events of last year. Luxury brands that once considered selling online anathema, started to experiment with different formats. Annual luxury online penetration increased in China from about 13 percent in 2019 to 23 percent in 2020. It was also the year that livestream really moved to the forefront.

“While the trend had been on an upswing in the country for a couple of years, it became a lifeline during the pandemic as both brands and consumers flocked to it in the absence of in-person shopping,” said a report from AlixPartners. “The country’s livestream-selling industry is currently estimated at $66 billion, and the number of consumers watching livestreams grew 30 percent just in the nine months between March 2019 and June 2020.”


“A large contributor to this is the hyper successful phenomenon of shoppable livestreams,” the report continued, “which solve the problems of relevance, ease of access, and the ability to get an authentic review of and a better look and feel for the product in one fell swoop. It is not unheard of for popular livestreams in China to clock millions of dollars of sales in one session.”

Despite the record gains the domestic mainland Chinese luxury market saw — sales of luxury goods within China surged 48 percent in 2020 to 346 billion renminbi, or $53.5 billion, according to a report by Bain & Company and Tmall.com — it was unable to compensate for the Chinese consumption lost overseas. A drop in travel led to a decrease of about 35 percent in Chinese consumers’ total luxury spend, a greater dip than any other group.

No place in the world felt the absence of mainland Chinese tourists more than Hong Kong, which had already begun dropping off the list of shopping destinations for that segment the year prior over bitter political divides. Last year, Hong Kong’s retail sales suffered the largest annual decline since records began in 1981, falling 24.3 percent to 326.5 billion Hong Kong dollars. Beijing has implemented a harsh crackdown on the city’s autonomy, using its new national security law to arrest and jail hundreds of pro-democracy leaders, restructuring the local legislature, and effectively squashing any form of dissent.

In contrast, Hainan Island, a province near Vietnam, has been showered with investment from Beijing and boomed as a duty-free spending hub. Last summer, it unveiled an extensive plan to develop the subtropical island into a key special economic zone with significant tax breaks, also increasing the per-person duty-free quota from 30,000 renminbi to 100,000 renminbi. The change sparked a rush into the island to the detriment of daigou hotspots like Jeju Island in South Korea. Total Hainan duty-free sales reached 21 billion renminbi by the end of October 2020 up 98 percent versus 2019.

International travel is still some ways off but once it does become possible, industry experts expect that Chinese will once again venture abroad to experience luxury in their favorite fashion capitals around the globe.

“The value in luxury and premium consumption, different than more mass good consumption, still has a considerable amount to do with the overall experience,” said Angelito Perez Tan, chief executive officer of RTG Group Asia. “So as those ‘original’ markets reopen, overall brand corporate spend will begin to reallocate. That being said, brands that were able to offer an attractive value proposition of price balanced with a unique China boutique experience may be able to ultimately convince Chinese consumers to spend domestically which can have an effect on global corporate allocation.”

WWD : Kim Kardashian West Collaborates With Longtime Friend for KKW Beauty Launc

Kim Kardashian West Collaborates With Longtime Friend for KKW Beauty Launch
For her latest fragrance release, the pop culture personality and businesswoman is partnering with someone outside her family for the first time.
Kim Kardashian West taps Jeff Leatham for her eighth fragrance launch.
Courtesy

“I’m driving to Calabasas,” said Jeff Leatham, calling from his G-Wagen. “Where else would I be going when I have a perfume launching with Kim?”
Kim Kardashian West, that is, who put the affluent Los Angeles suburb on the map. Following fragrance collaborations with her mother, Kris, and sisters — most recently Kendall Jenner — West turned to the celebrity florist for her latest release. This marks her eighth perfume collection as part of her KKW Beauty brand: a trio of scents in cleverly designed bottles that double as vases, holding a small amount of water at the tip.
Leatham describes “Desert Rose,” one of the three fragrances, as “light and creamy.” Courtesy/Andrew Kenney

“I’ve known Jeff for over 10 years, and every time we work together, it’s magic,” West told WWD exclusively in a statement. “Previously, I’d only developed fragrances with my mom and my sisters, and between Jeff’s incredible vision for what’s aesthetically beautiful, and the scent work that he manifests when working with florals, I knew we’d create something meaningful. I’ve always collected fragrance bottles so imagining something that could live on as a bud vase was very interesting to us and bringing that connection back to the florals. We developed the scents as unisex fragrances that can be worn throughout the day based on your mood to create a calming, intoxicating and sensual vibe.”

Jeff Leatham and Kim Kardashian West Courtesy

“It was so important to Kim and myself to create something that people have never seen before,” said Leatham. “We really just wanted to create something that mimicked the simple, clean, iconic chic look of what Kim and I both love. And going through her house and the clean lines — you’ve probably seen her beautiful home in Architectural Digest — we really wanted to create a bottle that looked like a piece of art.”
The two met in Paris, where Leatham works as artistic director of the Four Seasons George V. For years, he’s traveled between Paris and L.A., creating one-of-a-kind floral arrangements for the Kardashian-Jenner clan’s many extravagant parties.
“It’s a true collaboration of passion and beauty, and I couldn’t be more proud,” he said of the launch.
Kim Kardashian West Courtesy
After West approached him to partner, the two began collaborating virtually in the early days of the pandemic. Working with Givaudan, the Swiss fragrance and flavors supplier, they received samples in the mail every two weeks and shared ideas over Zoom. After some time, the duo were able to meet in person while social distancing, and each turned to their respective entourages to test the scents. In the end, they settled on three: “Desert Rose,” “Jasmine Air” and “Night Iris.” Priced at $40 each ($110 for a bundle), they’ll be available starting April 23 at noon PST at KKWfragrance.com.
They’re “a family of fragrances but all different children,” said Leatham, describing “Desert Rose” as “light and creamy” and the latter two as “fresh and green” and “dark, sexy, mischievous,” respectively.
Kim Kardashian West and Jeff Leatham Courtesy

Working with West has been “a dream,” Leatham added: “She’s inspired millions of people. And to be part of that story for me is such an honor, and it’s probably one of the greatest moments in my career so far.”
West is expected to expand KKW Beauty — which also offers cosmetics and tools — to include skin care, hair care, personal care and nail products, since Coty completed the acquisition of a 20 percent stake in the brand for $200 million in January. For his part, Leatham plans to release his own scent, “Voodoo Rose,” in collaboration with Givaudan in September.
The new collection of KKW Beauty fragrances, “Desert Rose,” “Jasmine Air” and “Night Iris,” retail for $40 each. Courtesy/Andrew Kenney

FT : Lithium miners in $3.1bn merger as electric vehicles fuel demand

Lithium miners in $3.1bn merger as electric vehicles fuel demand
Combination of Australia’s Orocobre and Galaxy will create global player in battery ingredient

Australian mining groups Orocobre and Galaxy Resources plan to merge in a A$4bn (US$3.1bn) deal that would create one of the world’s largest lithium producers as rising demand for electric vehicles turbocharges prices for the metal.

The Australian Securities Exchange-listed companies said on Monday the combined business would establish a diversified production base across Australia, South America and Canada, as well as boost the groups’ financial firepower and capacity to grow more rapidly.

Together, Brisbane-based Orocobre and Perth-headquartered Galaxy would be the world’s fifth-largest producer of lithium, which is an important material in electric vehicle batteries. The two companies said they had the potential to expand annual production of lithium carbonate, a processed form of the raw material used in batteries, from 40,000 to 100,000 tonnes in the next few years.

“The transaction will allow the group to materially accelerate the development of our combined growth projects,” Simon Hay, Galaxy chief executive, told investors. “And this growth is perfectly timed to meet the demand surge coming from our customers.”

Shares in Orocobre rose almost 5 per cent following the deal’s announcement, while those in Galaxy added 2.7 per cent.

Between them, Galaxy and Orocobre are planning several big development projects, including Olaroz and Sal de Vida in Argentina and James Bay in Canada, which analysts forecast will require more than A$1bn in capital expenditure.

The merged company would be headquartered in Argentina, where Orocobre operates the Olaroz lithium facility, and have $487m in cash on its balance sheet.

“The combined entity will have materially increased liquidity and improved access to capital, which we see as a major enabler to delivering accelerated growth plans,” said Reg Spencer, an analyst at an investment bank Canaccord Genuity.

Canaccord said it would consider upgrading its current production forecasts for both companies of 130,000 tonnes of lithium carbonate in 2025 if the merger goes ahead.

The global market for lithium has bounced back after two years of depressed prices, prompted by concerns of a supply glut from a flurry of mine expansions.

Lithium carbonate prices have soared about 70 per cent this year on strong demand for electric vehicles, according to Macquarie. The bank forecast further price increases of 30-100 per cent over the next four years, as electric vehicles begin displacing the 1bn or so internal combustion engines in the world.

“Our bullish electric vehicle demand outlook sees the lithium market move to [a] deficit in 2022 with material shortages emerging from 2025,” said Macquarie in a recent note.

Under the proposed merger, which has been endorsed by both companies’ boards, Galaxy shareholders would receive 0.57 Orocobre shares for each Galaxy stock. Orocobre shareholders would own 54.2 per cent of the combined entity, with Galaxy investors holding the remainder. The merger is subject to shareholder approval.

Martín Pérez de Solay, Orocobre chief executive, will lead the combined group. Galaxy’s Hay will become president of the merged entity’s international business and report to de Solay.

“The company will have a very, very strong balance sheet and that will enable us to raise debt whatever it is required to develop projects . . . quickly,” said de Solay.

>>> Europe : Brokers Upgrades & Downgrades - 19th of April 2021 V2(+)

>>> Up
* Avance Gas Raised to Buy at Pareto Securities; PT 50 kroner
* BW LPG Raised to Buy at Pareto Securities; PT 74 kroner
* CIE Automotive Raised to Buy at JB Capital Markets (+)
* Coface PT Raised to 11.20 euros at Deutsche Bank
* Dometic Raised to Buy at Nordea; PT 150 kronor (+)
* Ence Raised to Buy at JB Capital Markets; PT 5 euros (+)
* E.On Raised to Buy at Goldman; PT 12 euros (+)
* Traton Raised to Buy at SEB Equities; PT 28.67 euros (+)

>>> Down
* ASML Cut to Underweight at Grupo Santander; PT 320 euros (+)
* Bilfinger Cut to Hold at HSBC; PT 35 euros
* Endesa Cut to Neutral at Goldman; PT 25.50 euros (+)
* FDJ Cut to Hold at Deutsche Bank; PT 44 euros
* Finnair Cut to Hold at SEB on Valuation Above Pre-Pandemic Level (+)
* Finnair Cut to Hold at SEB Equities; PT 75 euro cents
* Indel B Cut to Neutral at Banca Akros (ESN) (+)
* Intesa Sanpaolo Cut to Neutral at Banca Akros (ESN) (+)
* Nordea Bank Cut to Hold at Arctic Securities; PT 92 kronor
* SEB Cut to Hold at Arctic Securities; PT 110 kronor

>>> Initiation
* Medios Rated New Buy at Deutsche Bank; PT 50 euros
* River & Mercantile Rated New Hold at Panmure Gordon (+)
* Tinybuild Rated New Buy at Berenberg; PT 295 pence
* Vantage Towers Rated New Hold at HSBC; PT 27 euros

>>> Call
* Kloeckner Gets Street-High PT at Deutsche Bank Prior to Results (+)
* Pfeiffer PT Raised at Warburg After ‘Strong Start’ to Year (+)
* TinyBuild Has Exciting Growth Potential, Initiate Buy: Berenberg

>>> Stoxx 600 Pre-Market Indications

  • CRH (CRG TH) +4.6%
    • CRH PLC CRH Transaction in Own Shares
  • Nibe (NJBC TH) +3.8%
  • CD Projekt (7CD TH) +3%
  • EasyJet (EJT1 TH) +1.7%
  • Siemens Gamesa (GTQ1 TH) +1.7%
  • Nordic Semiconductor (N0S TH) +1.7%
  • Orsted (D2G TH) +1.7%
  • Evonik (EVK TH) -0.8%
  • HSBC (HBC1 TH) -0.8%
    • HSBC Top Staff to Hot Desk After Scrapping Executive Floor (1)
  • Merck KGaA (MRK TH) -0.8%
  • AstraZeneca (ZEG TH) -1.6%
    • Philippines to Resume AstraZeneca Vaccine Use for Under 60 (1)
  • Cellnex (472 TH) -2.1%
  • Addtech (AZZ2 TH) -2.2%

>>> TradeGate Pre-Market Indications

DAX:
  • Siemens Energy (ENR TH) +0.8%
  • Daimler (DAI TH) +0.7%
  • VW (VOW3 TH) +0.6%
  • Continental (CON TH) +0.5%
  • E.On (EOAN TH) +0.5%
  • Siemens (SIE TH) -0.2%
  • Merck KGaA (MRK TH) -0.9%
MDAX:
  • Varta (VAR1 TH) +1.5%
  • Lufthansa (LHA TH) +1.3%
  • Fraport (FRA TH) +1.2%
  • Porsche SE (PAH3 TH) +1.1%
  • Alstria Office (AOX TH) +1.1%
  • Hugo Boss (BOSS TH) Flat
  • Encavis (CAP TH) -0.2%
  • K+S (SDF TH) -0.3%
  • Aroundtown (AT1 TH) -0.7%
  • Evonik (EVK TH) -0.9%
SDAX:
  • Home24 (H24 TH) +2.8%
  • Leoni (LEO TH) +2.8%
  • Medios (ILM1 TH) +2.8%
    • Medios Rated New Buy at Deutsche Bank; PT 50 euros
  • flatexDEGIRO (FTK TH) +2.4%
  • Eckert & Ziegler Strahlen- und Medizintechnik AG (EUZ TH) +2.3%
  • Aareal Bank (ARL TH) -0.4%
  • Corestate (CCAP TH) -0.4%
  • Osram (OSR TH) -0.5%
  • LPKF (LPK TH) -0.8%
  • Global Fashion Group (GFG TH) -1.5%

>>> Etalon Group (2ET GY) - Announces rights offering to purchase up to 88.5M sh

Etalon Group (2ET GY) Announces rights offering to purchase up to 88.5M shares (~30% of shares outstanding)

The net proceeds from the Offering will be used for the acceleration of the Company's investment programme and business expansion. In accordance with its strategy, EtalonGroup plans to accelerate land bank replenishment and considers a pipeline of new project acquisitions in 2021 of total net sellable area of 3.5 million sqm. Details of the Company's investment programme and pipeline of potential projects will be disclosed in the Company's 1Q 2021 operating results presentation and the Offering Memorandum.

>>> What to look at today - 19th of April 2021

Most Asian shares climbed and U.S. equity futures were steady Monday as the global economic recovery and corporate earnings prospects bolstered sentiment despite rising Covid-19 infections.
Chinese stocks outperformed amid easing concerns about the health of state enterprise China Huarong Asset Management Co., a bad-debt manager. India slid to a two-month low after daily virus cases hit a record. Nasdaq 100 contracts got a boost as Treasury yields eased. European futures rose and S&P 500 contracts were steady after the U.S. gauge chalked a fourth week of gains.
Some risk-off haven demand was evident in the foreign-exchange markets owing to tension between the U.S. and Russia as well as Washington and Beijing. The dollar and yen advanced against their Group-of-10 peers. Bitcoin pared losses after tumbling the most since February over the weekend.
China’s financial regulator on Friday said Huarong had ample liquidity, the first official comments since the company missed a deadline to report earnings. That was enough to cement a rally in Huarong bonds and ease contagion fears.

Nikkei -0.07% Hang Seng +0.60% CSI +1.91% Shanghia +1.14% Shenzen +2.09%

Eur$ 1.1958 CNH 6.5268 CNY 6.5252 JPY 108.66 GBP 1.3855 CHF 0.9208 RUB 76.0918 TRY 8.0924 WTI$ 62.96 -0.27% Gold 1,778.15 +0.10% BTC 57,020 +1475

S&P -0.13% Nasdaq +0.11% EuroStoxx +0.20% FTSE +0.02% Dax +0.08% SMI +0.05%

Macro :
- Iran Says ‘New Understanding’ Is Taking Shape at Nuclear Talks
- Ether ETFs Cleared for Launch in Canadian Crypto Push
- Crypto Craze Fuels Dogecoin Rise From Joke Token to $50 Billion
- Hedge Funds Are Ready to Get Out of New York and Move to Florida
- Iran Identifies Suspect in Sabotage of Nuclear-Enrichment Site
- France Pledges EU1B in Aid for Farmers, Winemakers Hit by Frost

Spacs :
- SPAC Wipeout Is Punishing Followers of Chamath Palihapitiya
- WeWork's New Stock-Listing Plan Has Echoes of Its Past

Keep an eye on :
- ABN NA : ABN Amro Sees Modest 1Q Loss After Settlement of Dutch Probe
- AMS SW : Renesas Must Pay $86 Million for Copying AMS AG Light Sensors
- ATL IM : Apollo and Toto May Make Offer for Atlantia Highway Unit: Papers
- BAYN GY : Bayer Granted FDA Orphan Drug Status for Copanlisib
- BA/ LN : BAE Systems Submits Bid for U.S. Armored-Vehicle Contract
- BMW GY : China Chief: China targeting to have 25% of sales in 2025 to be electric vehicles; to have 12 models in China by 2023, JV with Great Wall to make 2 EV mini models for global market from 2023 - Shanghai Auto Show - Looking to expand production, but no final decision has been made
- BP/ LN : BP to Stop Flaring of Natural Gas in Permian Basin by 2025: WSJ
- CSGN SW : Credit Suisse Is Sued Over Greensill Capital and Archegos
- DAI GY : Daimler Hiring 3,000 Programmers for Mercedes Operating System
- DIC GY : concludes 2021 scrip dividend with high acceptance rate of 47.27% - Gross Proceeds of ~€19.0M- Issued 1.27M new shares
- EFGN SW : EFG to Sell Minority Stake in A&G to Management Team; No Terms
- ERYP FP : Completes first cohort in a Phase I investigator sponsored trial of Eryaspase in first-line pancreatic cancer
- EO FP : Faurecia SE 1Q Revenue Beats Estimates
- GET FP : Eurostar Struck Deal With Lenders to Refinance Debt: Telegraph
- GREEN BB ; Greenyard Boosts FY Adjusted Ebitda From Continuing Ops Forecast
- Hemnet IPO : Sweden’s Hemnet Targets Valuation of Up to $1.4 Billion in IPO
- IIA AV : Immofinanz Says Vitek Agreed to Buy Krsek’s 8.4% Stake in It
- LHA GY : Lufthansa to Extend Condor Feeder-Flight Agreement Until 2022
- MC FP : France Pledges EU1B in Aid for Farmers, Winemakers Hit by Frost
- TIGO SS : Millicom Signs Pacts to Conclude Africa Divestiture Program
- NYXH BB : Nyxoah Submits Draft Registration Statement for U.S. Listing
- ORSTED DC : Orsted CEO Sees Problems Without More Offshore Wins: Berlingske
- RNO FP : Renault Will Recover But Tough Months Are Still Ahead, CEO Says
- REP SM : Banks Advise Repsol to Delay Renewables IPO: Expansion
- Revoluit : Revolut Plans to Raise Funds at $10 Billion Valuation, Sky Says
- SAN FP : Sanofi: EU Commission Approves Second Indication for Sarclisa
- SHF GY : SNP Schneider Board Chair Drill, 2 Board Members Step Down
- SquareSpace IPO : Squarespace Files to Go Public Via Direct Listing on NYSE
- SNH GY : Steinhoff Requests Lenders’ Consent for an IPO of Pepco Group
- STLA US : Michigan Covid Surge Threatens Key Truck Plant for Stellantis
- STAN LN : StanChart to Hire 400 Staff in H.K. to Tap Wealth Demands: SCMP
- STLA US : Stellantis to Halt Rennes Plant on Semiconductor Shortage: Union
- TC1 GY : Tele Columbus Offers Shares at EU3.25/Share
- TSLA US : Elon Musk’s SpaceX has won a $3 billion Nasa contract to put humans on the Moon – but the full mission will take far more
- SEV FP : Up to Six Top Suez Managers Could Have Veolia Roles, Frerot Says
- UBSG SW : Banks Face Growing Pressure to Phase Out Fossil-Fuel Lending