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.
Madrid, Spain
Beauty
Spanish Surgeons Perform Pioneering Face Transplant
In a world first, the facial tissue came from a donor who had requested an assisted dying procedure.
Spanish Surgeons Perform Pioneering Face Transplant
In a world first, the facial tissue came from a donor who had requested an assisted dying procedure.
Beauty
Byredo, Paco Rabanne Owner Puig Sales Rise 8%
The Spanish beauty conglomerate saw growth in all three of its divisions, which include the Dr. Barbara Sturm, Charlotte Tilbury and Carolina Herrera brands.
Byredo, Paco Rabanne Owner Puig Sales Rise 8%
The Spanish beauty conglomerate saw growth in all three of its divisions, which include the Dr. Barbara Sturm, Charlotte Tilbury and Carolina Herrera brands.
Retail
Zara Owner’s Lean Business Model Helps It Cope With Pandemic
Inditex managed to reduce stock-in-trade by 19 percent at the end of July, softening the blow to earnings.
Zara Owner’s Lean Business Model Helps It Cope With Pandemic
Inditex managed to reduce stock-in-trade by 19 percent at the end of July, softening the blow to earnings.
Retail
Inditex Pledges to Maintain Workers’ Rights Throughout Its Supply Chain
In a joint agreement with global workers' union IndustriALL, the Zara owner has committed to ensuring health and safety standards are met and workers' rights to unionise are maintained.
Inditex Pledges to Maintain Workers’ Rights Throughout Its Supply Chain
In a joint agreement with global workers' union IndustriALL, the Zara owner has committed to ensuring health and safety standards are met and workers' rights to unionise are maintained.
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Retail
Inditex Posts Quarterly Loss Following Store Closures
The Zara owner reported a net loss of $465 million despite a 95 percent increase in online sales in April.
Inditex Posts Quarterly Loss Following Store Closures
The Zara owner reported a net loss of $465 million despite a 95 percent increase in online sales in April.
Retail
Zara Owner Built a Post-Covid Retailer Before Coronavirus
Inditex managed to rely on its online business to keep operations running, limiting the damage from shuttered stores.
Zara Owner Built a Post-Covid Retailer Before Coronavirus
Inditex managed to rely on its online business to keep operations running, limiting the damage from shuttered stores.
Retail
Report: Inditex to Reopen Stores in Spain Following Coronavirus Shutdown
The Zara owner will open several of its smaller stores as the Spanish government eases some lockdown restrictions, according to a source close to the company.
Report: Inditex to Reopen Stores in Spain Following Coronavirus Shutdown
The Zara owner will open several of its smaller stores as the Spanish government eases some lockdown restrictions, according to a source close to the company.
Global Markets
Global Garment Industry Calls for Support for Manufacturers
Major brands including H&M and Adidas are working with the International Labour Organisation to commit to paying factories for finished goods.
Global Garment Industry Calls for Support for Manufacturers
Major brands including H&M and Adidas are working with the International Labour Organisation to commit to paying factories for finished goods.
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Retail
A Spain Loosens Lockdown, Inditex Slowly Sends Employees Back to Work
The fashion giant's logistics centres in Spain have reopened, but the company is said to be taking measures to ensure staff safety.
A Spain Loosens Lockdown, Inditex Slowly Sends Employees Back to Work
The fashion giant's logistics centres in Spain have reopened, but the company is said to be taking measures to ensure staff safety.
Retail
Coronavirus Stalls Fashion Giant Inditex
The fast-fashion chain's operations have come to a halt as the coronavirus pandemic continues.
Coronavirus Stalls Fashion Giant Inditex
The fast-fashion chain's operations have come to a halt as the coronavirus pandemic continues.
Retail
Zara Owner Posts Strong Profit Growth
Inditex reported a net profit of €1.17 billion ($1.3 billion) for the third quarter and forecasts full-year sales growth of up to 6 percent.
Zara Owner Posts Strong Profit Growth
Inditex reported a net profit of €1.17 billion ($1.3 billion) for the third quarter and forecasts full-year sales growth of up to 6 percent.
Retail
Inditex Is Still Betting on Brick-and-Mortar Retail
The Zara-owner has cut the number of stores it has in its home market, but is expanding the footprint of existing locations.
Inditex Is Still Betting on Brick-and-Mortar Retail
The Zara-owner has cut the number of stores it has in its home market, but is expanding the footprint of existing locations.
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.