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.
Germany
Retail
Germany’s Cartel Office Investigating Temu Over Merchant Price Influencing
The Chinese e-commerce company is under scrutiny for allegedly influencing the prices set by third-party merchants on its platform unlawfully.
Germany’s Cartel Office Investigating Temu Over Merchant Price Influencing
The Chinese e-commerce company is under scrutiny for allegedly influencing the prices set by third-party merchants on its platform unlawfully.
Retail
German KaDeWe Files for Insolvency to Escape Signa Rents
The collapse of Rene Benko’s real estate empire is spreading to his luxury retail assets, with department store operator KaDeWe Group filing for insolvency in Berlin.
German KaDeWe Files for Insolvency to Escape Signa Rents
The collapse of Rene Benko’s real estate empire is spreading to his luxury retail assets, with department store operator KaDeWe Group filing for insolvency in Berlin.
Retail
German Retail Sales Plunge Most Since 1980 as Inflation Bites
Sales were down 9.8 percent from the previous year, the most since 1980 — before the country’s reunification. Non-food items such as furniture and household appliances or clothing and shoes registered even steeper declines.
German Retail Sales Plunge Most Since 1980 as Inflation Bites
Sales were down 9.8 percent from the previous year, the most since 1980 — before the country’s reunification. Non-food items such as furniture and household appliances or clothing and shoes registered even steeper declines.
Retail
Puma Sales Reach Record as Shoe Demand Overcomes Covid Snags
Puma said sales reached a record €6.8 billion ($7.7 billion) in 2021, up 32 percent on a constant-currency basis.
Puma Sales Reach Record as Shoe Demand Overcomes Covid Snags
Puma said sales reached a record €6.8 billion ($7.7 billion) in 2021, up 32 percent on a constant-currency basis.
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Media
Kerstin Weng Named Head of Editorial Content for Vogue Germany
Condé Nast hired Weng, who has been the editor in chief of InStyle Germany since 2016, to lead the edition.
Kerstin Weng Named Head of Editorial Content for Vogue Germany
Condé Nast hired Weng, who has been the editor in chief of InStyle Germany since 2016, to lead the edition.
Entrepreneurship
Amesh Named as Inaugural Winner of Reference Incubator Programme
Amesh, the London-based label founded by Sri Lankan designer Amesh Wijesekera, will receive mentorship and support from Slam Jam, as well as PR and brand consulting services from communications agency Reference Studios.
Amesh Named as Inaugural Winner of Reference Incubator Programme
Amesh, the London-based label founded by Sri Lankan designer Amesh Wijesekera, will receive mentorship and support from Slam Jam, as well as PR and brand consulting services from communications agency Reference Studios.
News & Analysis
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Luxury
How Birkenstock Became a Luxury Target
L Catterton is reportedly the frontrunner to acquire the original anti-fashion shoe brand, which is reaping the rewards of shoppers’ pandemic-driven desire for casual comfort.
How Birkenstock Became a Luxury Target
L Catterton is reportedly the frontrunner to acquire the original anti-fashion shoe brand, which is reaping the rewards of shoppers’ pandemic-driven desire for casual comfort.
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Financial Markets
Mytheresa Aiming for $1.58 Billion Valuation
The luxury e-tailer is offering 15.6 million shares on the New York Stock Exchange. In a statement on Tuesday, the company said it expects its share
Mytheresa Aiming for $1.58 Billion Valuation
The luxury e-tailer is offering 15.6 million shares on the New York Stock Exchange. In a statement on Tuesday, the company said it expects its share
Partner Content
At Zalando, Connecting Retailers to E-Commerce to Drive Growth
Zalando’s growing Connected Retail ecosystem offers retailers access to its platform in eight major markets at no cost, expanding its product assortment and localised service capabilities in the process.
At Zalando, Connecting Retailers to E-Commerce to Drive Growth
Zalando’s growing Connected Retail ecosystem offers retailers access to its platform in eight major markets at no cost, expanding its product assortment and localised service capabilities in the process.
Technology
Zalando’s Cyber Week Sales Beat Last Year by More Than a Third
Zalando added more than one million customers during the sales period with gross merchandise volume growing by 35 percent.
Zalando’s Cyber Week Sales Beat Last Year by More Than a Third
Zalando added more than one million customers during the sales period with gross merchandise volume growing by 35 percent.
News & Analysis
Zalando to Launch €50 Million Share Buyback
The buyback would run from May 11 until June 4 to cover its management stock option programmes.
Zalando to Launch €50 Million Share Buyback
The buyback would run from May 11 until June 4 to cover its management stock option programmes.
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.