Puig's Shares Slump After Termination of Merger Talks With Estee Lauder

Madrid-listed shares fell more than 14% in European morning trading, while Estee Lauder's stock was up over 10% in premarket trading.

Richemont Posts Sales Uptick Despite Difficult Sector Backdrop

The luxury-goods company booked sales of €5.4 billion for the quarter ending March 31, up 13% on year at constant exchange rates.

Lenovo Targets $100 Billion Annual Revenue Within Two Years After Stellar Quarter