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.
New Delhi, India
Global Markets
India’s Higher Clothing Tax Threatens Setback for Global Fashion Brands
India’s consumer tax reform is raising duties on apparel priced above $29, unsettling global and domestic fashion players who warn higher costs could affect demand.
India’s Higher Clothing Tax Threatens Setback for Global Fashion Brands
India’s consumer tax reform is raising duties on apparel priced above $29, unsettling global and domestic fashion players who warn higher costs could affect demand.
Global Markets
India Braces for Higher US Tariffs, Eyes Broader Trade Deal, Sources Say
As a temporary measure, India anticipates US tariffs between 20-25 percent while broader trade negotiations continue.
India Braces for Higher US Tariffs, Eyes Broader Trade Deal, Sources Say
As a temporary measure, India anticipates US tariffs between 20-25 percent while broader trade negotiations continue.
Retail
Birkenstock Cracks Down on Fakes in India
Indian court-appointed representatives recently inspected factories to seize suspected counterfeit footwear, after the German brand launched an infringement lawsuit, sources said.
Birkenstock Cracks Down on Fakes in India
Indian court-appointed representatives recently inspected factories to seize suspected counterfeit footwear, after the German brand launched an infringement lawsuit, sources said.
Global Markets
India’s Future Retail Takes Reliance Deal Saga to Supreme Court
India’s Future Retail has asked the country’s top court to stall a Singapore arbitration panel’s decision to freeze a $3.4 billion asset sale after e-commerce giant Amazon had sought to block the deal.
India’s Future Retail Takes Reliance Deal Saga to Supreme Court
India’s Future Retail has asked the country’s top court to stall a Singapore arbitration panel’s decision to freeze a $3.4 billion asset sale after e-commerce giant Amazon had sought to block the deal.
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Global Markets
Migrant Workers in India Face Police Backlash After Defying Covid-19 Lockdown
Hundreds of thousands of migrant labourers, many of whom work in India's now shuttered textile industry, were sprayed with tear gas by police as they attempted to head to their homes in the countryside on foot, following Prime Minister Narendra Modi's 21-day nationwide lockdown.
Migrant Workers in India Face Police Backlash After Defying Covid-19 Lockdown
Hundreds of thousands of migrant labourers, many of whom work in India's now shuttered textile industry, were sprayed with tear gas by police as they attempted to head to their homes in the countryside on foot, following Prime Minister Narendra Modi's 21-day nationwide lockdown.
Global Markets
Amazon to Face Protests From Traders During India Trip
India's 70 million brick-and-mortar retailers have been waging a battle against online retailers Amazon and Walmart-controlled Flipkart since 2015, accusing them of deep discounts and flouting India's foreign investment rules.
Amazon to Face Protests From Traders During India Trip
India's 70 million brick-and-mortar retailers have been waging a battle against online retailers Amazon and Walmart-controlled Flipkart since 2015, accusing them of deep discounts and flouting India's foreign investment rules.
News & Analysis
Amazon and Indian Trader Group in Public Spat Over Discounts
The Confederation of All India Traders has issued concerns over the e-commerce giant's alleged circumvention of foreign investment rules.
Amazon and Indian Trader Group in Public Spat Over Discounts
The Confederation of All India Traders has issued concerns over the e-commerce giant's alleged circumvention of foreign investment rules.
News & Analysis
Walmart Criticises India's E-Commerce Rules, Warns of Trade Impact
The American retail corporation is siding with the US government in strongly opposing India's e-commerce rules in a failed lobbying attempt.
Walmart Criticises India's E-Commerce Rules, Warns of Trade Impact
The American retail corporation is siding with the US government in strongly opposing India's e-commerce rules in a failed lobbying attempt.
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News & Analysis
Walmart-Owned Flipkart Faces Legal Spat With Start-Up
India's answer to Amazon finds itself in a legal tussle over alleged predatory discounting of GOQii wearable tech pieces.
Walmart-Owned Flipkart Faces Legal Spat With Start-Up
India's answer to Amazon finds itself in a legal tussle over alleged predatory discounting of GOQii wearable tech pieces.
Global Markets
Big Modi Victory Pushes Indian Stocks to Best Week in Two Months
As Prime Minister Narendra Modi cruised to his second successive landslide victory, Indian equities climbed, sending key gauges to their best weekly gains in more than two months.
Big Modi Victory Pushes Indian Stocks to Best Week in Two Months
As Prime Minister Narendra Modi cruised to his second successive landslide victory, Indian equities climbed, sending key gauges to their best weekly gains in more than two months.
Global Markets
India's New E-Commerce Restrictions Could Hit Online Sales
Changes in the way e-commerce firms in India can sell products could reduce online sales by $46 billion by 2022, according to a PwC draft analysis.
India's New E-Commerce Restrictions Could Hit Online Sales
Changes in the way e-commerce firms in India can sell products could reduce online sales by $46 billion by 2022, according to a PwC draft analysis.
Luxury
Seizing the India Opportunity
The chief executive of the fashion division of Reliance Industries, India’s largest private sector conglomerate with consolidated turnover of $63 billion, talks about seizing opportunities in the fastest-growing major economy in the world.
Seizing the India Opportunity
The chief executive of the fashion division of Reliance Industries, India’s largest private sector conglomerate with consolidated turnover of $63 billion, talks about seizing opportunities in the fastest-growing major economy in the world.
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.