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.
Canada
Beauty
Ontario Court Hands $750K Fine to Estée Lauder Over Use of ‘Forever Chemical’
An Ontario court has issued a $750,000 fine to Estée Lauder after the cosmetics company pled guilty to violating the Canadian Environmental Protection Act following the discovery of a 'forever chemical' in select eyeliner products.
Ontario Court Hands $750K Fine to Estée Lauder Over Use of ‘Forever Chemical’
An Ontario court has issued a $750,000 fine to Estée Lauder after the cosmetics company pled guilty to violating the Canadian Environmental Protection Act following the discovery of a 'forever chemical' in select eyeliner products.
News & Analysis
Canada to Announce C$29.8 Billion in Retaliatory Tariffs on US, Official Says
The move is the latest in an escalating the trade conflict between the two countries.
Canada to Announce C$29.8 Billion in Retaliatory Tariffs on US, Official Says
The move is the latest in an escalating the trade conflict between the two countries.
Retail
Canadian Pantyhose Maker Furloughs 40% of Staff on Trade-War Woes
The threat of new US tariffs has forced Montreal-based clothing maker SRTX to place over a third of its workforce on leave, as rising duties and trade uncertainties jeopardise its Canadian manufacturing investments.
Canadian Pantyhose Maker Furloughs 40% of Staff on Trade-War Woes
The threat of new US tariffs has forced Montreal-based clothing maker SRTX to place over a third of its workforce on leave, as rising duties and trade uncertainties jeopardise its Canadian manufacturing investments.
Luxury
Louis Vuitton and Gucci to Open First Montreal Flagships
Royalmount, a forthcoming development in Montréal’s Midtown district, has also leased flagship spaces to Tiffany and RH.
Louis Vuitton and Gucci to Open First Montreal Flagships
Royalmount, a forthcoming development in Montréal’s Midtown district, has also leased flagship spaces to Tiffany and RH.
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Luxury
How Ssense Became a Quiet Contender in Fashion’s E-Commerce Race
This week, the Canadian e-tailer announced investment from Sequoia Capital China at a valuation of more than $4 billion, signalling big ambitions to build on its success.
How Ssense Became a Quiet Contender in Fashion’s E-Commerce Race
This week, the Canadian e-tailer announced investment from Sequoia Capital China at a valuation of more than $4 billion, signalling big ambitions to build on its success.
Workplace & Talent
Former Tapestry CEO Victor Luis Invests in Moose Knuckles
Luis will become executive chairman after making a “significant investment,” the Canadian luxury outerwear and sportswear brand said Wednesday. The financial details of the deal were not disclosed.
Former Tapestry CEO Victor Luis Invests in Moose Knuckles
Luis will become executive chairman after making a “significant investment,” the Canadian luxury outerwear and sportswear brand said Wednesday. The financial details of the deal were not disclosed.
News & Analysis
Amazon Ordered to Close Canadian Facility on Covid-19 Outbreak
Amazon.com Inc. has been ordered to close a facility outside Toronto for two weeks as public health officials worry about rising Covid-19 cases inside the complex.
Amazon Ordered to Close Canadian Facility on Covid-19 Outbreak
Amazon.com Inc. has been ordered to close a facility outside Toronto for two weeks as public health officials worry about rising Covid-19 cases inside the complex.
Workplace & Talent
Aldo Group: In the Company of Kindness
On a trip to the Canadian city of Montréal, Aldo Bensadoun found himself fascinated by the city and its progressive, free spirited culture. The
Aldo Group: In the Company of Kindness
On a trip to the Canadian city of Montréal, Aldo Bensadoun found himself fascinated by the city and its progressive, free spirited culture. The
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Technology
Shopify Posts Better-Than-Expected Q3 Results
Revenue nearly doubled to $767.4 million, while adjusted earnings were $1.13 per share, more than twice analysts’ estimates of 52 cents.
Shopify Posts Better-Than-Expected Q3 Results
Revenue nearly doubled to $767.4 million, while adjusted earnings were $1.13 per share, more than twice analysts’ estimates of 52 cents.
Technology
At Tulip, Analysing Omnichannel Data to Transform the Shopping Experience
The mobile retail technology solutions firm digitises the in-person retail experience, enabling data to be shared across a business, creating insights that equip retailers with the tools to respond to evolving consumer behaviours.
At Tulip, Analysing Omnichannel Data to Transform the Shopping Experience
The mobile retail technology solutions firm digitises the in-person retail experience, enabling data to be shared across a business, creating insights that equip retailers with the tools to respond to evolving consumer behaviours.
Retail
Lululemon Defies Brick-and-Mortar Woes in Plan To Add Stores
The sportswear company said its stores are small, profitable and serve as an anchor for the brand’s loyal customers.
Lululemon Defies Brick-and-Mortar Woes in Plan To Add Stores
The sportswear company said its stores are small, profitable and serve as an anchor for the brand’s loyal customers.
Retail
Bolstered by Lockdown Measures, Lululemon Beats Earnings Estimates
A shift to remote working and at-home exercise around the globe due to the COVID-19 pandemic has increased demand for comfortable athletic clothing.
Bolstered by Lockdown Measures, Lululemon Beats Earnings Estimates
A shift to remote working and at-home exercise around the globe due to the COVID-19 pandemic has increased demand for comfortable athletic clothing.
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.