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.
Frankfurt, Germany
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.
Retail
German Department Store Galeria Files for Creditor Protection
With all of its outlets closed, the department store chain is losing roughly €80 million in weekly revenue.
German Department Store Galeria Files for Creditor Protection
With all of its outlets closed, the department store chain is losing roughly €80 million in weekly revenue.
Global Markets
Global Fashion Group Says It Is Making Progress Towards Profit
GFG, which runs fashion websites in Russia, Latin America and south-east Asia, reported second-quarter sales rose a currency-adjusted 16.5 percent.
Global Fashion Group Says It Is Making Progress Towards Profit
GFG, which runs fashion websites in Russia, Latin America and south-east Asia, reported second-quarter sales rose a currency-adjusted 16.5 percent.
News & Analysis
Zalando to Build Rotterdam Warehouse to Serve Western Europe
The facility will start operating in 2021, and will eventually employ 1,500 people with a storage capacity of 16 million items.
Zalando to Build Rotterdam Warehouse to Serve Western Europe
The facility will start operating in 2021, and will eventually employ 1,500 people with a storage capacity of 16 million items.
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Financial Markets
Global Fashion Group IPO Mostly Backed by Existing Shareholders
Facing low investor demand, the e-commerce fashion group cut its initial share price from up to €8 to €4.50.
Global Fashion Group IPO Mostly Backed by Existing Shareholders
Facing low investor demand, the e-commerce fashion group cut its initial share price from up to €8 to €4.50.
Retail
Global Fashion Group Postpones IPO
The Asia and Latin America-focused fashion e-tailer is postponing its listing until July due to low investor demand, according to sources.
Global Fashion Group Postpones IPO
The Asia and Latin America-focused fashion e-tailer is postponing its listing until July due to low investor demand, according to sources.
Financial Markets
Emerging Markets Retailer GFG Prepares for IPO
The online retail group, valued at €1 billion with 11.2 million active customers, has announced its plans for its listing in Frankfurt.
Emerging Markets Retailer GFG Prepares for IPO
The online retail group, valued at €1 billion with 11.2 million active customers, has announced its plans for its listing in Frankfurt.
News & Analysis
Adidas Slumps as Retro Shoes Wane on European Home Turf
The sportswear company expects sales growth to slow this year due to the retro footwear boom losing momentum in Europe and supply chain problems in North America.
Adidas Slumps as Retro Shoes Wane on European Home Turf
The sportswear company expects sales growth to slow this year due to the retro footwear boom losing momentum in Europe and supply chain problems in North America.
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Luxury
Europe Revival Lifts Sales at Hugo Boss
Sales rose 6 percent in the second quarter as the German fashion house pursues a turnaround in its home market and updates some of its ranges to try to draw in younger shoppers.
Europe Revival Lifts Sales at Hugo Boss
Sales rose 6 percent in the second quarter as the German fashion house pursues a turnaround in its home market and updates some of its ranges to try to draw in younger shoppers.
News & Analysis
Amazon Workers in Europe Strike on Prime Day
Thousands of workers are on strike in Germany, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.
Amazon Workers in Europe Strike on Prime Day
Thousands of workers are on strike in Germany, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.
News & Analysis
German Discount Retailer NKD Put Up for Sale, Sources Say
Private equity owner OpCapita is seeking a buyer for the company valued at €300-350 million, hoping to benefit from high equity valuations.
German Discount Retailer NKD Put Up for Sale, Sources Say
Private equity owner OpCapita is seeking a buyer for the company valued at €300-350 million, hoping to benefit from high equity valuations.
News & Analysis
How Fashion Should (and Shouldn’t) Embrace Artificial Intelligence
The biggest opportunities are in trend forecasting and better supply chain management, but AI in customer service could backfire if brands jump in too early, argues Chris Boos.
How Fashion Should (and Shouldn’t) Embrace Artificial Intelligence
The biggest opportunities are in trend forecasting and better supply chain management, but AI in customer service could backfire if brands jump in too early, argues Chris Boos.
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.