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.
business-growth
Financial Markets
Alibaba Posts $1 Billion in Sales in 5 Minutes on Singles’ Day
Global retail e-commerce is expected to grow by 24 percent to $1.91 trillion in transactions this year.
Alibaba Posts $1 Billion in Sales in 5 Minutes on Singles’ Day
Global retail e-commerce is expected to grow by 24 percent to $1.91 trillion in transactions this year.
Financial Markets
Ralph Lauren Tops Second-Quarter Profit Forecasts
Ralph Lauren Corp. on Thursday reported fiscal second-quarter profit of $45 million.
Ralph Lauren Tops Second-Quarter Profit Forecasts
Ralph Lauren Corp. on Thursday reported fiscal second-quarter profit of $45 million.
Financial Markets
Puma Raises Outlook as Rihanna, Celebrity Tie-Ups Help Sales
Puma raised its earnings outlook after reporting profit that topped analysts’ estimates, helped by street shoes promoted by pop-star Rihanna and British model Cara Delevingne.
Puma Raises Outlook as Rihanna, Celebrity Tie-Ups Help Sales
Puma raised its earnings outlook after reporting profit that topped analysts’ estimates, helped by street shoes promoted by pop-star Rihanna and British model Cara Delevingne.
Luxury
BoF Exclusive | Farfetch Appoints Chief Strategy Officer, En Route to Eventual IPO
The fashion e-commerce platform has hired Stephanie Phair to keep the company focused on future innovation as it prepares to pass $800 million in gross sales this year.
BoF Exclusive | Farfetch Appoints Chief Strategy Officer, En Route to Eventual IPO
The fashion e-commerce platform has hired Stephanie Phair to keep the company focused on future innovation as it prepares to pass $800 million in gross sales this year.
Beauty
L’Oréal Shares Surge as Demand Grows for Premium Makeup
L’Oréal SA’s shares soared the most in almost seven months after revenue beat analysts’ estimates on rising demand for the cosmetic maker’s high-end brands in North America.
L’Oréal Shares Surge as Demand Grows for Premium Makeup
L’Oréal SA’s shares soared the most in almost seven months after revenue beat analysts’ estimates on rising demand for the cosmetic maker’s high-end brands in North America.
Technology
Fitbit Plunges on Lower Forecast From Stiffening Competition
Fitbit Inc. lost almost a third of its market value in late trading.
Fitbit Plunges on Lower Forecast From Stiffening Competition
Fitbit Inc. lost almost a third of its market value in late trading.
Financial Markets
Coach Forecast Signals Turnaround On Track
Coach rose 0.6 percent to $36.10 in early trading in New York. The shares had increased 9.7 percent this year.
Coach Forecast Signals Turnaround On Track
Coach rose 0.6 percent to $36.10 in early trading in New York. The shares had increased 9.7 percent this year.
Financial Markets
EBay Tops Third-Quarter Forecasts
EBay Inc. reported third-quarter profit of $413 million and revenue of $2.22 billion.
EBay Tops Third-Quarter Forecasts
EBay Inc. reported third-quarter profit of $413 million and revenue of $2.22 billion.
Financial Markets
Alibaba's $60 Billion Finance Arm Seeks Growth Before IPO Say Sources
Sources with knowledge of the plans said Ant Financial, whose anchor business is Alipay, is focusing on expanding its existing 450 million-strong army of daily users, adding merchants and customers.
Alibaba's $60 Billion Finance Arm Seeks Growth Before IPO Say Sources
Sources with knowledge of the plans said Ant Financial, whose anchor business is Alipay, is focusing on expanding its existing 450 million-strong army of daily users, adding merchants and customers.
Financial Markets
Kate Spade Upgraded as Wells Fargo Predicts Comeback for Brand
Kate Spade & Co. was upgraded by Wells Fargo & Co. analyst Ike Boruchow, who sees the handbag maker’s sales and profit margins improving in the second half of the year.
Kate Spade Upgraded as Wells Fargo Predicts Comeback for Brand
Kate Spade & Co. was upgraded by Wells Fargo & Co. analyst Ike Boruchow, who sees the handbag maker’s sales and profit margins improving in the second half of the year.
Financial Markets
JD Sports Leaves Mike Ashley Trailing With ‘Astonishing’ Growth
JD Sports Fashion Plc reported first-half earnings growth that showed why it has surged past Mike Ashley’s Sports Direct International Plc among UK athletic-gear retailers.
JD Sports Leaves Mike Ashley Trailing With ‘Astonishing’ Growth
JD Sports Fashion Plc reported first-half earnings growth that showed why it has surged past Mike Ashley’s Sports Direct International Plc among UK athletic-gear retailers.
Financial Markets
Shoe Carnival Posts 2Q Profit
Shoe Carnival Inc. reported fiscal second-quarter profit of $4.1 million.
Shoe Carnival Posts 2Q Profit
Shoe Carnival Inc. reported fiscal second-quarter profit of $4.1 million.
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.