US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
Rio De Janeiro, Brazil
Retail
J.C. Penney Misses Out on 3,300% Rally as Dumped Asset Skyrockets
Lojas Renner SA, the Brazilian retailer that J.C. Penney divested in 2005 for $230 million, is now worth $7.9 billion, as shoppers continue to buy in brick-and-mortar stores.
J.C. Penney Misses Out on 3,300% Rally as Dumped Asset Skyrockets
Lojas Renner SA, the Brazilian retailer that J.C. Penney divested in 2005 for $230 million, is now worth $7.9 billion, as shoppers continue to buy in brick-and-mortar stores.
News & Analysis
Louis Vuitton's Nicolas Ghesquière on Showing his New Collection in Rio and Why 'Fast Fashion' is Dangerous
"To travel with a collection and do something exotic is a very Louis Vuitton idea."
Louis Vuitton's Nicolas Ghesquière on Showing his New Collection in Rio and Why 'Fast Fashion' is Dangerous
"To travel with a collection and do something exotic is a very Louis Vuitton idea."
News & Analysis
Speedo, Ralph Lauren Drop Ryan Lochte After Rio Robbery Lie
Speedo USA severed its sponsorship of U.S. swimmer Ryan Lochte after he admitted to making up a story about being robbed at gunpoint while in Rio for the 2016 Olympics. Ralph Lauren also said it would not renew his contract.
Speedo, Ralph Lauren Drop Ryan Lochte After Rio Robbery Lie
Speedo USA severed its sponsorship of U.S. swimmer Ryan Lochte after he admitted to making up a story about being robbed at gunpoint while in Rio for the 2016 Olympics. Ralph Lauren also said it would not renew his contract.
News & Analysis
Nike CMO: ‘No Bigger Stage Than the Olympics’
Nike chief marketing officer Greg Hoffman explains how the company is tapping the Olympic opportunity ‘not only through storytelling but also through product and services.’
Nike CMO: ‘No Bigger Stage Than the Olympics’
Nike chief marketing officer Greg Hoffman explains how the company is tapping the Olympic opportunity ‘not only through storytelling but also through product and services.’
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News & Analysis
Olympians Suit Up in High-Tech Apparel to Shave Seconds
With the Rio Olympics around the corner, sport giants are getting innovative with their performance apparel.
Olympians Suit Up in High-Tech Apparel to Shave Seconds
With the Rio Olympics around the corner, sport giants are getting innovative with their performance apparel.
News & Analysis
Brands Speak on Olympics Impact
With the 2016 Olympic Games just days away, corporate executives are divided on the business impact they expect to see.
Brands Speak on Olympics Impact
With the 2016 Olympic Games just days away, corporate executives are divided on the business impact they expect to see.
Luxury
The Trouble With Brazil’s Luxury Market
Facing a weak economy and widespread government corruption, Brazil’s luxury consumers are weary. Yet fashion brands continue to invest in the country.
The Trouble With Brazil’s Luxury Market
Facing a weak economy and widespread government corruption, Brazil’s luxury consumers are weary. Yet fashion brands continue to invest in the country.
Fashion Week
Vuitton Investing, Not Surfing, in Brazil
Brazil’s crisis is serious and widespread, but the market remains critical to Louis Vuitton's long-term strategy.
Vuitton Investing, Not Surfing, in Brazil
Brazil’s crisis is serious and widespread, but the market remains critical to Louis Vuitton's long-term strategy.
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Retail
Update: Blackstone Denies Seeking to Acquire Brazil Mall Operator
Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA, denying a report published early in the day by newspaper O Globo.
Update: Blackstone Denies Seeking to Acquire Brazil Mall Operator
Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA, denying a report published early in the day by newspaper O Globo.
Marketing
Brands Seek Olympics Gold in New Advertising Playing Field
Dozens of major companies and specialty brands that are not official Olympics sponsors have applied to run advertising campaigns featuring athletes ahead of the Rio 2016 Olympic Games, taking advantage of new rules that are shaking up the business of marketing surrounding the event.
Brands Seek Olympics Gold in New Advertising Playing Field
Dozens of major companies and specialty brands that are not official Olympics sponsors have applied to run advertising campaigns featuring athletes ahead of the Rio 2016 Olympic Games, taking advantage of new rules that are shaking up the business of marketing surrounding the event.
Marketing
Tapping Brazil's Olympic Opportunity
The biggest global sportswear brands are gearing up for the world’s biggest sporting event in its most photogenic and body-conscious city. How will they tap the opportunity?
Tapping Brazil's Olympic Opportunity
The biggest global sportswear brands are gearing up for the world’s biggest sporting event in its most photogenic and body-conscious city. How will they tap the opportunity?
News & Analysis
Nike Cooperating in US FIFA Investigation of Brazil Claims
Nike Inc. is once again defending a 1996 sports marketing contract in Brazil following new allegations by the US Department of Justice that corrupt Brazilian soccer officials were paid bribes.
Nike Cooperating in US FIFA Investigation of Brazil Claims
Nike Inc. is once again defending a 1996 sports marketing contract in Brazil following new allegations by the US Department of Justice that corrupt Brazilian soccer officials were paid bribes.
The News in Brief
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.
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.