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.
United States
Beauty
Galderma Slumps After FDA Turns Down Botox Rival Relfydess
Galderma's shares slumped the most in more than a year after US regulators turned down the Swiss dermatology firm’s rival Botox treatment Relfydess.
Galderma Slumps After FDA Turns Down Botox Rival Relfydess
Galderma's shares slumped the most in more than a year after US regulators turned down the Swiss dermatology firm’s rival Botox treatment Relfydess.
Retail
US Retailers Frontload China Orders to Beat Tariffs for Holiday Season
Shipping executives say retailers are pulling forward orders by four to six weeks to secure holiday inventories before new tariffs take effect later this year.
US Retailers Frontload China Orders to Beat Tariffs for Holiday Season
Shipping executives say retailers are pulling forward orders by four to six weeks to secure holiday inventories before new tariffs take effect later this year.
Luxury
Frame Sidesteps Scandal en Route to $300 Million in Sales
The Los Angeles-based label is on track to hit a major revenue milestone and open a 6,000-square-foot Paris flagship this year, after successfully steering clear of a public scandal involving one of its founders.
Frame Sidesteps Scandal en Route to $300 Million in Sales
The Los Angeles-based label is on track to hit a major revenue milestone and open a 6,000-square-foot Paris flagship this year, after successfully steering clear of a public scandal involving one of its founders.
Fashion Week
Zegna Lands in Los Angeles With ‘Villeggiatura’-Wear
Designer Alessandro Sartori tapped the Italian concept of retreating to a seaside or countryside villa for a cultured take on vacation dressing as the brand aims to extend its winning streak in the US.
Zegna Lands in Los Angeles With ‘Villeggiatura’-Wear
Designer Alessandro Sartori tapped the Italian concept of retreating to a seaside or countryside villa for a cultured take on vacation dressing as the brand aims to extend its winning streak in the US.
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Retail
Macy’s Raises Annual Forecast as Luxury Focus Draws Affluent Shoppers
The US retailer posted its first quarterly sales growth in nearly four years, driven by strong demand for high-end products at its Bloomingdale’s and Bluemercury stores.
Macy’s Raises Annual Forecast as Luxury Focus Draws Affluent Shoppers
The US retailer posted its first quarterly sales growth in nearly four years, driven by strong demand for high-end products at its Bloomingdale’s and Bluemercury stores.
Global Markets
US Appeals Order Compelling Tariff Refunds
The Trump administration has formally appealed the order directing customs authorities to refund the global tariffs declared unlawful by the US Supreme Court earlier this year.
US Appeals Order Compelling Tariff Refunds
The Trump administration has formally appealed the order directing customs authorities to refund the global tariffs declared unlawful by the US Supreme Court earlier this year.
Global Markets
US Proposes New Tariffs on Dozens of Countries, Citing Forced Labour
The levies would affect imports from 60 trading partners, with rates ranging from 10% for Mexico, Canada and the UK to 12.5% for China, India and Brazil, as the Trump administration seeks to rebuild its tariff wall.
US Proposes New Tariffs on Dozens of Countries, Citing Forced Labour
The levies would affect imports from 60 trading partners, with rates ranging from 10% for Mexico, Canada and the UK to 12.5% for China, India and Brazil, as the Trump administration seeks to rebuild its tariff wall.
Fashion Week
Gucci for the People: A Times Square Takeover
Demna’s revamp of the Italian mega-label came into further focus with a cruise show staged in the middle of New York’s iconic Times Square, reports Angelo Flaccavento.
Gucci for the People: A Times Square Takeover
Demna’s revamp of the Italian mega-label came into further focus with a cruise show staged in the middle of New York’s iconic Times Square, reports Angelo Flaccavento.
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Fashion Week
Dior Goes to Hollywood a Year Into Anderson’s Revamp
The designer’s reboot of the French couture house landed in Los Angeles for a Cruise outing that was as electrifying and unresolved as ever, reports Angelo Flaccavento.
Dior Goes to Hollywood a Year Into Anderson’s Revamp
The designer’s reboot of the French couture house landed in Los Angeles for a Cruise outing that was as electrifying and unresolved as ever, reports Angelo Flaccavento.
Luxury
Opinion: The Row and Phoebe Philo Are Explaining Big Bling’s Crisis
The Row and Phoebe Philo thrive as elite spenders trade overexposed mega-brands for understated, logo-free luxury, Andrea Felsted writes.
Opinion: The Row and Phoebe Philo Are Explaining Big Bling’s Crisis
The Row and Phoebe Philo thrive as elite spenders trade overexposed mega-brands for understated, logo-free luxury, Andrea Felsted writes.
Retail
Trump’s Latest 10% Tariffs Found Unlawful by US Trade Court
The tariffs were declared unlawful by a federal trade court, just months after the US Supreme Court vacated US president Donald Trump’s earlier levies.
Trump’s Latest 10% Tariffs Found Unlawful by US Trade Court
The tariffs were declared unlawful by a federal trade court, just months after the US Supreme Court vacated US president Donald Trump’s earlier levies.
Retail
Tariff Refunds Have Started Being Paid by Trump Administration
Refunds for the $166 billion in global tariffs that the US Supreme Court declared unlawful earlier this year have started hitting importers’ bank accounts.
Tariff Refunds Have Started Being Paid by Trump Administration
Refunds for the $166 billion in global tariffs that the US Supreme Court declared unlawful earlier this year have started hitting importers’ bank accounts.
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.