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.
Brazil
Sustainability
Shein Tried to Turn Brazil Into a Production Hub. Local Factories Walked Away
Progress stalled after Shein demanded that local suppliers lower prices and deliver orders faster than they could manage, Reuters reported.
Shein Tried to Turn Brazil Into a Production Hub. Local Factories Walked Away
Progress stalled after Shein demanded that local suppliers lower prices and deliver orders faster than they could manage, Reuters reported.
Luxury
Comme des Garçons Opens First Latin American Flagship
The store in São Paulo, Brazil, will serve as the launchpad for the brand’s regional expansion.
Comme des Garçons Opens First Latin American Flagship
The store in São Paulo, Brazil, will serve as the launchpad for the brand’s regional expansion.
Global Markets
How Fashion Can Engage With the Global Culture, the Right Way
Creative and commercial energy is increasingly driven by frontier markets in Asia, Africa and Latin America. Global brands must learn how to embrace and amplify local cultures in these markets in an authentic way.
How Fashion Can Engage With the Global Culture, the Right Way
Creative and commercial energy is increasingly driven by frontier markets in Asia, Africa and Latin America. Global brands must learn how to embrace and amplify local cultures in these markets in an authentic way.
Retail
Shein to Invest Nearly $150 Million in Local Production in Brazil
Online fast-fashion retailer Shein said on Thursday it will invest 750 million reais ($148.85 million) in Brazil in the coming years to establish a network with thousands of textile manufacturers in the country.
Shein to Invest Nearly $150 Million in Local Production in Brazil
Online fast-fashion retailer Shein said on Thursday it will invest 750 million reais ($148.85 million) in Brazil in the coming years to establish a network with thousands of textile manufacturers in the country.
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Beauty
Beauty Giant Natura Shelves NYSE Move as Turmoil Rattles Markets
Cosmetics maker Natura & Co. shelved a plan to switch its primary stock listing to the US from Brazil, as the war in Ukraine and the prospect of surging rates bring wild swings in global equity markets.
Beauty Giant Natura Shelves NYSE Move as Turmoil Rattles Markets
Cosmetics maker Natura & Co. shelved a plan to switch its primary stock listing to the US from Brazil, as the war in Ukraine and the prospect of surging rates bring wild swings in global equity markets.
Global Markets
Inside Brazil’s Radical Retail Giant
With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.
Inside Brazil’s Radical Retail Giant
With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.
Global Markets
Brazilian Fashion Industry Gathers to Plot Post-Pandemic Recovery
The Brazilian Textile and Apparel Industry Association (ABIT) closed its 5th International Congress Friday, with this edition focused on “Transition
Brazilian Fashion Industry Gathers to Plot Post-Pandemic Recovery
The Brazilian Textile and Apparel Industry Association (ABIT) closed its 5th International Congress Friday, with this edition focused on “Transition
Global Markets
Brazilian Mall Giant Iguatemi Names Cristina Betts CEO
Brazilian mall conglomerate Iguatemi Group has appointed Cristina Betts, its vice president of finance, as its new chief executive, effective Jan. 1, 2022.
Brazilian Mall Giant Iguatemi Names Cristina Betts CEO
Brazilian mall conglomerate Iguatemi Group has appointed Cristina Betts, its vice president of finance, as its new chief executive, effective Jan. 1, 2022.
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Global Markets
Retailer Cencosud Brazil Files for IPO, Eyes Expansion
One of the largest retailers in South America, Santiago-based Cencosud, has filed for an initial public offering (IPO) on the Brazilian stock exchange for its Brazilian operations, aiming to raise around 1.5 billion reais ($288 million).
Retailer Cencosud Brazil Files for IPO, Eyes Expansion
One of the largest retailers in South America, Santiago-based Cencosud, has filed for an initial public offering (IPO) on the Brazilian stock exchange for its Brazilian operations, aiming to raise around 1.5 billion reais ($288 million).
Beauty
Avon, E-Commerce Bring Natura Back to Profit
The Brazilian cosmetics company is on track to meet its 2023 revenue goals as its performance received a boost.
Avon, E-Commerce Bring Natura Back to Profit
The Brazilian cosmetics company is on track to meet its 2023 revenue goals as its performance received a boost.
Global Markets
Online Outlet Privalia Brazil Restarts IPO Plan
After postponing its IPO at the end of April, digital outlet Privalia announced it may resume its plan to go public, this time via a restricted offering on the B3 exchange in São Paulo.
Online Outlet Privalia Brazil Restarts IPO Plan
After postponing its IPO at the end of April, digital outlet Privalia announced it may resume its plan to go public, this time via a restricted offering on the B3 exchange in São Paulo.
Global Markets
Arezzo & Co Acquires Streetwear Player BAW for $20.5 Million
The Brazilian footwear and accessories conglomerate purchased BAW, a digitally-native streetwear brand, for 105 million Brazilian reais ($20.5 million) last Friday.
Arezzo & Co Acquires Streetwear Player BAW for $20.5 Million
The Brazilian footwear and accessories conglomerate purchased BAW, a digitally-native streetwear brand, for 105 million Brazilian reais ($20.5 million) last Friday.
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.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
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.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
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.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.