The News In Brief
Shein Revenue Neared $10 Billion in Quarter Before Tariffs
Shein Group Ltd.’s net income rose to over $400 million and revenue was almost $10 billion in the first quarter.
Ferragamo Launches Action Plan After H1 Loss
The Italian luxury group said it had put in place a plan to revive sales and relaunch its brand.
Kering’s New CEO De Meo to Receive €20 Million Sign-on Bonus, Filings Show
Kering is proposing a significant compensation package for its new CEO, Luca de Meo, while outgoing CEO Francois-Henri Pinault will take a pay cut.
India’s Garment and Jewellery Sectors Fear for US Orders After Tariff Shock
New US tariffs on Indian imports are expected to significantly impact India’s exporters, potentially leading to job cuts and a shift in orders to other countries like Vietnam.
Puma Appoints Former Adidas’ CIO Andreas Hubert As COO
Puma has appointed Andreas Hubert effective September 1 to oversee global sourcing operations.
Canada Goose’s Retail Push, Designer Tie-up Power Sales As Costs Surge
Despite a bigger-than-expected quarterly loss, Canada Goose saw a 22.4 percent jump in first-quarter sales, exceeding revenue estimates thanks to strong US and Greater China market performance.
Unilever Second Quarter Results Beat Expectations On Strong North America, EU Demand
The Dove soap maker kept its 2025 outlook, with plans to double down on beauty and personal care and spin off its ice cream business by November.
Trump Unleashes a Flurry of Trade Surprises on Eve of Deadline
A 25 percent levy on Indian imports, the promise of deals for Thailand and Cambodia and a rollback on all duty exemptions for small packages were among the last minute announcements.
VF Corp Jumps After Earnings Beat as Turnaround Takes Hold
The Vans owner beat revenue and earnings forecasts in its fiscal first quarter, lifting shares by over 20 percent.
Hermès Believes Heir No Longer Holds Shares Worth €14 Billion
Executive chairman Axel Dumas has shed new light on the long-standing mystery surrounding Nicolas Puech’s €14 billion inheritance of Hermès shares.
Steven Madden Still Can’t Provide Outlook, Blames Tariffs
Shares fell after the company announced it would not provide a financial outlook for the rest of the year due to the impact of new tariffs.
Zegna Posts 2.6% Revenue Drop
The group saw sales in its wholesale channel sink, especially at its smaller Thom Browne brand, as well as weakness in the Chinese market.