Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Reuters
Retail
UK Retail Sales Get Surprise Boost From Hot Weather and World Cup
Sales rose unexpectedly in June as shoppers increased spending on clothing and air conditioning, adding to signs of a pickup spurred by record temperatures and the World Cup.
UK Retail Sales Get Surprise Boost From Hot Weather and World Cup
Sales rose unexpectedly in June as shoppers increased spending on clothing and air conditioning, adding to signs of a pickup spurred by record temperatures and the World Cup.
Retail
Nike to Slash Number of Online Distributors in China
The sportswear giant aims to direct consumers to official Nike channels in a bid to clean up the marketplace as it continues losing ground to domestic rivals.
Nike to Slash Number of Online Distributors in China
The sportswear giant aims to direct consumers to official Nike channels in a bid to clean up the marketplace as it continues losing ground to domestic rivals.
Retail
Reformation Targets $1 Billion Valuation in IPO
The Permira-backed retailer said on Monday that it and some of its selling shareholders aim to raise up to $239.1 million in the IPO.
Reformation Targets $1 Billion Valuation in IPO
The Permira-backed retailer said on Monday that it and some of its selling shareholders aim to raise up to $239.1 million in the IPO.
Retail
Shein IPO Faces Lower Valuation as E-Commerce Crackdown Starts to Bite
Shein's ambitions for a valuation of up to $50 billion face a tough test from investors as new fees in Europe on e-commerce imports threaten to dent its growth.
Shein IPO Faces Lower Valuation as E-Commerce Crackdown Starts to Bite
Shein's ambitions for a valuation of up to $50 billion face a tough test from investors as new fees in Europe on e-commerce imports threaten to dent its growth.
ADVERTISEMENT
ADVERTISEMENT
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Mike Ashley’s Frasers Boosts Hugo Boss Stake to Over 30%
After crossing the 30 percent ownership threshold, Frasers is now required to make a mandatory takeover bid under German rules.
Swatch Reports Better First-Half Sales but Misses Profit Forecasts
Net sales rose 8.5 percent year on year at constant exchange rates, but the Swiss group’s profit was hit by negative currency effects.
Primark Cuts Prices Ahead of Split From AB Foods
The budget fashion chain said it would reduce prices by up to 29 percent across hundreds of products, seeking to improve trading ahead of next year’s spin off.
Chanel Says It Is Cooperating in Italy Labour Probe, Has Cut Ties With Subcontractor
The French fashion house said cut ties weeks ago with the subcontractor concerned, instructing its packaging supplier to end the relationship two days after receiving an alert on May 18.