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.
Seattle, United States
News & Analysis
Amazon Sues New York Attorney General Over Covid Protocol
The Seattle-based company seeks a court order that would prevent the New York AG from seeking to regulate Amazon’s actions in response to coronavirus, as well as claims of retaliation by workers who protest working conditions.
Amazon Sues New York Attorney General Over Covid Protocol
The Seattle-based company seeks a court order that would prevent the New York AG from seeking to regulate Amazon’s actions in response to coronavirus, as well as claims of retaliation by workers who protest working conditions.
Retail
Amazon Prepares for Holiday Sales Rush
Governments' stay-at-home orders mean more shoppers will rely on the e-commerce giant to deliver presents in time for Christmas.
Amazon Prepares for Holiday Sales Rush
Governments' stay-at-home orders mean more shoppers will rely on the e-commerce giant to deliver presents in time for Christmas.
Retail
After Going All-In on Amazon, a Merchant Says He Lost Everything
Barak Govani made a big bet on the e-commerce giant earlier this year after closing his Melrose Avenue store and packing up $1.5 million in inventory.
After Going All-In on Amazon, a Merchant Says He Lost Everything
Barak Govani made a big bet on the e-commerce giant earlier this year after closing his Melrose Avenue store and packing up $1.5 million in inventory.
Retail
Amazon Extends Work From Home Option Until June
The development comes weeks after the e-commerce giant said more than 19,000 of its US frontline workers contracted Covid-19 this year.
Amazon Extends Work From Home Option Until June
The development comes weeks after the e-commerce giant said more than 19,000 of its US frontline workers contracted Covid-19 this year.
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Retail
Amazon Pitches Early Holiday Shopping With Fall 'Prime Day' Event
The event, typically held in July, is now a kickoff to what will be an earlier holiday shopping season.
Amazon Pitches Early Holiday Shopping With Fall 'Prime Day' Event
The event, typically held in July, is now a kickoff to what will be an earlier holiday shopping season.
Luxury
Amazon Launches Luxury Store on App
Oscar de la Renta is the first and only brand so far, though the company says more are expected to join in the coming weeks.
Amazon Launches Luxury Store on App
Oscar de la Renta is the first and only brand so far, though the company says more are expected to join in the coming weeks.
Retail
Amazon Set To Hire 100,000 More Workers Amid Rise in Online Shopping
The news marks the e-commerce giant's fourth hiring spree this year after reporting a 40 percent revenue rise last quarter and the biggest profit in the retailer's 26-year-history.
Amazon Set To Hire 100,000 More Workers Amid Rise in Online Shopping
The news marks the e-commerce giant's fourth hiring spree this year after reporting a 40 percent revenue rise last quarter and the biggest profit in the retailer's 26-year-history.
Retail
Amazon Receives US Regulatory Approval to Start Drone Delivery Trials
The e-commerce giant joins Alphabet Inc.'s unit Wing and United Parcel Service Inc. in receiving approval for drone delivery, while other smaller companies are still seeking approval.
Amazon Receives US Regulatory Approval to Start Drone Delivery Trials
The e-commerce giant joins Alphabet Inc.'s unit Wing and United Parcel Service Inc. in receiving approval for drone delivery, while other smaller companies are still seeking approval.
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Retail
Amazon Buys 1,800 Electric Vans in Latest Green Effort
Electric vehicles are a major piece of Amazon’s bid to become a net-zero carbon emitter by 2040, an ambitious goal for a company that historically had lagged behind its retail and technology peers on the environment.
Amazon Buys 1,800 Electric Vans in Latest Green Effort
Electric vehicles are a major piece of Amazon’s bid to become a net-zero carbon emitter by 2040, an ambitious goal for a company that historically had lagged behind its retail and technology peers on the environment.
Workplace & Talent
Amazon Appoints First Black Executive to Ruling Council
This marks the second executive shuffle in the last year to elevate women at the company, following criticism of its largely white, male upper ranks.
Amazon Appoints First Black Executive to Ruling Council
This marks the second executive shuffle in the last year to elevate women at the company, following criticism of its largely white, male upper ranks.
Workplace & Talent
Amazon Names Company Veteran CEO of Consumer Division
Logistics boss Dave Clark will replace Jeff Wilke, who, prior to announcing his surprise retirement, was widely considered a potential successor to founder Jeff Bezos.
Amazon Names Company Veteran CEO of Consumer Division
Logistics boss Dave Clark will replace Jeff Wilke, who, prior to announcing his surprise retirement, was widely considered a potential successor to founder Jeff Bezos.
Retail
Amazon Launches in Sweden Amid Online Shopping Wave
The move follows after the e-commerce giant reported record profits last week and projected third-quarter revenue of up to $93 billion.
Amazon Launches in Sweden Amid Online Shopping Wave
The move follows after the e-commerce giant reported record profits last week and projected third-quarter revenue of up to $93 billion.
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.