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.
Pakistan
Beauty
Pakistan to Abolish ‘Period Tax’ on Sanitary Products
Pakistan’s finance minister said he intends to abolish an 18 percent sales tax on period products, in a victory for young campaigners who had taken the government to court over the charges.
Pakistan to Abolish ‘Period Tax’ on Sanitary Products
Pakistan’s finance minister said he intends to abolish an 18 percent sales tax on period products, in a victory for young campaigners who had taken the government to court over the charges.
Global Markets
Pakistani Fashion Brands Chase Global Diaspora
From high-street labels to haute couture houses, Pakistani brands are opening international stores as far afield as suburban Texas and London’s luxury district in a push to diversify away from the shaky domestic market where some have reached saturation point.
Pakistani Fashion Brands Chase Global Diaspora
From high-street labels to haute couture houses, Pakistani brands are opening international stores as far afield as suburban Texas and London’s luxury district in a push to diversify away from the shaky domestic market where some have reached saturation point.
Global Markets
The Denim Industry’s ‘Best-Kept Secret’
Pakistan’s denim apparel exports to the US have overtaken China’s, thanks to local entrepreneurs who have built a vertically-integrated manufacturing hub in the South Asian nation.
The Denim Industry’s ‘Best-Kept Secret’
Pakistan’s denim apparel exports to the US have overtaken China’s, thanks to local entrepreneurs who have built a vertically-integrated manufacturing hub in the South Asian nation.
Global Markets
Alibaba-Owned Daraz Gears Up for Battle Against Amazon
Pakistan’s largest e-commerce retail platform Daraz aims to host up to 300,000 small to medium enterprises (SMEs) in two years, to bolster its position in its home market in the face of potential competition from global giant Amazon.
Alibaba-Owned Daraz Gears Up for Battle Against Amazon
Pakistan’s largest e-commerce retail platform Daraz aims to host up to 300,000 small to medium enterprises (SMEs) in two years, to bolster its position in its home market in the face of potential competition from global giant Amazon.
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News & Analysis
Nike Sock Supplier Plans Biggest Pakistan Private Sector IPO
The company plans to raise as much as $51 million to expand its sock manufacturing capacity by around 20 percent and enter the denim business.
Nike Sock Supplier Plans Biggest Pakistan Private Sector IPO
The company plans to raise as much as $51 million to expand its sock manufacturing capacity by around 20 percent and enter the denim business.
News & Analysis
A Denim Factory Could Hold the Key to Reviving Pakistan’s Exports
With foreign reserves declining ahead of elections in July, Pakistan’s government is under pressure to revive its exports. Could Artistic Denim provide a solution?
A Denim Factory Could Hold the Key to Reviving Pakistan’s Exports
With foreign reserves declining ahead of elections in July, Pakistan’s government is under pressure to revive its exports. Could Artistic Denim provide a solution?
Global Markets
Swarovski Blings Up the Orient
The Austrian crystal maker is tapping emerging markets in the Middle East and Asia by adding luxury embellishments to traditional garments.
Swarovski Blings Up the Orient
The Austrian crystal maker is tapping emerging markets in the Middle East and Asia by adding luxury embellishments to traditional garments.
Retail
Billionaires’ Startup Brings Black Friday to Pakistan’s Shoppers
The billionaire Samwer brothers want to help introduce Pakistan’s shoppers to a local version of Black Friday, the November sales binge that kicks off the year-end holiday retail season in the US.
Billionaires’ Startup Brings Black Friday to Pakistan’s Shoppers
The billionaire Samwer brothers want to help introduce Pakistan’s shoppers to a local version of Black Friday, the November sales binge that kicks off the year-end holiday retail season in the US.
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Retail
The Moral Fabric of Pakistan’s Fashion Week
Politics, culture and religion impact every fashion market around the world, but, in Pakistan, they steer the industry like nowhere else.
The Moral Fabric of Pakistan’s Fashion Week
Politics, culture and religion impact every fashion market around the world, but, in Pakistan, they steer the industry like nowhere else.
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.