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.
Moscow, Russia
Global Markets
The Banned App Driving Fashion Sales from Moscow to Tehran
Telegram has become an increasingly valuable marketing channel for fashion brands operating in markets like Russia and Iran, where restrictions on freedom of expression make the encrypted app wildly popular.
The Banned App Driving Fashion Sales from Moscow to Tehran
Telegram has become an increasingly valuable marketing channel for fashion brands operating in markets like Russia and Iran, where restrictions on freedom of expression make the encrypted app wildly popular.
Retail
T.J.Maxx Owner TJX Buys Stake in Russian Retailer Familia
The acquisition comes after the low-cost apparel retailer enjoyed 24 percent turnover growth in the first nine months of 2019.
T.J.Maxx Owner TJX Buys Stake in Russian Retailer Familia
The acquisition comes after the low-cost apparel retailer enjoyed 24 percent turnover growth in the first nine months of 2019.
News & Analysis
Op-Ed | World Cup Semi-Finalists Test Adidas and Nike’s Fast Fashion Efforts
The advance of three unlikely teams — Croatia, Belgium and England — to the World Cup semi-finals has offered up its own test to the sportswear giants: how they’re coping with the shift to fast fashion.
Op-Ed | World Cup Semi-Finalists Test Adidas and Nike’s Fast Fashion Efforts
The advance of three unlikely teams — Croatia, Belgium and England — to the World Cup semi-finals has offered up its own test to the sportswear giants: how they’re coping with the shift to fast fashion.
News & Analysis
Adidas and the World Cup: Mass Appeal or Awkward Deal?
With this year’s FIFA World Cup embroiled in controversy, official brand partner Adidas is treading a fine line between Russian support and international scrutiny.
Adidas and the World Cup: Mass Appeal or Awkward Deal?
With this year’s FIFA World Cup embroiled in controversy, official brand partner Adidas is treading a fine line between Russian support and international scrutiny.
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News & Analysis
Inside The Fake News Campaign To Smear Russia's Biggest Fashion Influencers
"These days, the line between fact and fiction seems blurrier than ever, which has led to a climate particularly ripe for spreading conspiracy
Inside The Fake News Campaign To Smear Russia's Biggest Fashion Influencers
"These days, the line between fact and fiction seems blurrier than ever, which has led to a climate particularly ripe for spreading conspiracy
Luxury
Why Russia Loves Counterfeit Fashion
In a new documentary, Highsnobiety explores Moscow's growing obsession for fake goods from designers including Louis Vuitton, Gucci and Adidas.
Why Russia Loves Counterfeit Fashion
In a new documentary, Highsnobiety explores Moscow's growing obsession for fake goods from designers including Louis Vuitton, Gucci and Adidas.
News & Analysis
Top Russian Shoe Retailer Prepares for Shoppers Return in 2018
The Russian footwear market is recovering and should reach pre-crisis levels by 2018.
Top Russian Shoe Retailer Prepares for Shoppers Return in 2018
The Russian footwear market is recovering and should reach pre-crisis levels by 2018.
Retail
Russia’s Luxury Market on the Mend
The country’s luxury market has recovered after two difficult years, helped mainly by domestic demand and rising sales to tourists, which will get a boost from a ‘tax-free’ scheme scheduled to come into force around February next year.
Russia’s Luxury Market on the Mend
The country’s luxury market has recovered after two difficult years, helped mainly by domestic demand and rising sales to tourists, which will get a boost from a ‘tax-free’ scheme scheduled to come into force around February next year.
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Retail
KM20 Marks Launch of Moscow Mega Store with Off-White, Gosha and Vetements
To celebrate the Russian retailer’s new experiential 2,500-square metre space, KM20 is partnering with 14 brands on exclusive capsule collections.
KM20 Marks Launch of Moscow Mega Store with Off-White, Gosha and Vetements
To celebrate the Russian retailer’s new experiential 2,500-square metre space, KM20 is partnering with 14 brands on exclusive capsule collections.
News & Analysis
Op-Ed | The Cynical Realism of Demna, Gosha and Lotta
Underneath its tongue-in-cheek rejections of Western fashion norms, the realist ‘new Russian aesthetic’ of Demna Gvasalia, Gosha Rubchinskiy and Lotta Volkova is neither real nor new.
Op-Ed | The Cynical Realism of Demna, Gosha and Lotta
Underneath its tongue-in-cheek rejections of Western fashion norms, the realist ‘new Russian aesthetic’ of Demna Gvasalia, Gosha Rubchinskiy and Lotta Volkova is neither real nor new.
Retail
Opening Russia’s Retail Frontiers
While Moscow and St Petersburg account for most of Russia’s fashion retail spend, its provincial cities are an increasingly interesting opportunity.
Opening Russia’s Retail Frontiers
While Moscow and St Petersburg account for most of Russia’s fashion retail spend, its provincial cities are an increasingly interesting opportunity.
News & Analysis
'Russia's Dior' Slava Zaitsev on his Mass Market Ambitions
Despite his age, Zaitsev is dreaming of venturing into the mass market.
'Russia's Dior' Slava Zaitsev on his Mass Market Ambitions
Despite his age, Zaitsev is dreaming of venturing into the mass market.
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.