The News In Brief
Trump Sees Trade Deals Getting Done in Three to Four Weeks
The US president told Time magazine he expects to wrap up deals with trade partners seeking lower tariffs soon — though China’s fate remains up in the air.
Authentic Brands Group Weighs Rival Bid for Guess?
The New York-based brand management company is considering launching a rival takeover bid for American clothing company Guess? Inc.
P&G Lowers Sales Guidance on ‘Volatile’ Market Conditions
The manufacturing company’s prices rose by 1 percent in the three months that ended on March 31, driven by beauty and grooming products.
Coty to Cut 700 Jobs As Part of Cost-Saving Initiative
The American beauty conglomerate announced on Thursday that a newly enhanced cost-saving programme will cull 700 jobs across the globe, around 5 percent of its workforce.
Mytheresa Finalises YNAP Acquisition
The combined companies will start trading under the name LuxExperience on the New York Stock Exchange by May 1.
Asos Confident on Growth Amid Tariff Uncertainty
The British online fashion retailer’s first half earnings beat expectations as a long-term turnaround plan started to pay off.
Unilever Sales Rise 3% on Demand For Premium Products
The European consumer goods giant beat expectations in its first-quarter earnings, citing strong demand and successful price increases.
Acne Studios Names Brune Buonomano CMO
Acne Studios named Brune Buonomano its new chief marketing officer effective May 5, the Swedish brand announced in a statement Thursday. She succeeds Isabella Burley, who announced her departure from the brand in March.
Major David Bailey Exhibition to Open in Spain
Inditex chairperson Marta Ortega Perez’s MOP Foundation will stage ‘David Bailey’s Changing Fashion’ in A Coruña this summer.
Louis Vuitton Raises Price on Popular US Bag Following New Trump Tariffs
The luxury brand has hiked the Neverfull GM bag’s price by 4.8 percent since last week.
Adidas Earnings Bolstered Again by Retro Sneaker Craze
The German sportswear company posted operating profit of €610 million ($692 million) in the quarter, beating expectations.
Nike Adds New Strategy Head to Aid Company Turnaround
Nike confirmed Jennifer Hartley will begin her position of chief strategy officer this week.