Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
business-growth
Financial Markets
PVH Beats 2Q Profit Forecasts
PVH Corp. reported fiscal second-quarter profit of $90.5 million.
PVH Beats 2Q Profit Forecasts
PVH Corp. reported fiscal second-quarter profit of $90.5 million.
Financial Markets
Guess Beats 2Q Profit Forecasts
Guess Inc. reported fiscal second-quarter net income of $32.3 million.
Guess Beats 2Q Profit Forecasts
Guess Inc. reported fiscal second-quarter net income of $32.3 million.
Financial Markets
Wal-Mart Profit Beats Expectations With Stocks Rising
The world's largest retailer reported a higher-than-expected quarterly profit as sales at its established US stores rose for the eighth consecutive quarter, sending its shares up more than 3 percent.
Wal-Mart Profit Beats Expectations With Stocks Rising
The world's largest retailer reported a higher-than-expected quarterly profit as sales at its established US stores rose for the eighth consecutive quarter, sending its shares up more than 3 percent.
Financial Markets
Canadian Retailer Aritzia Files for Toronto IPO as Market Thaws
Aritzia, the Canadian women’s fashion retailer, filed for an initial public offering on the Toronto Stock Exchange.
Canadian Retailer Aritzia Files for Toronto IPO as Market Thaws
Aritzia, the Canadian women’s fashion retailer, filed for an initial public offering on the Toronto Stock Exchange.
Financial Markets
L Brands Tops Second Quarter Forecasts
L Brands reported fiscal second-quarter net income of $252.4 million.
L Brands Tops Second Quarter Forecasts
L Brands reported fiscal second-quarter net income of $252.4 million.
Retail
Urban Outfitters Tops 2Q Forecasts
Urban Outfitters reported fiscal second-quarter earnings of $76.9 million.
Urban Outfitters Tops 2Q Forecasts
Urban Outfitters reported fiscal second-quarter earnings of $76.9 million.
Retail
Nordstrom Profit Tops Estimates as Rack Brand’s Sales Increase
Nordstrom posted second-quarter profit that topped analysts’ estimates, helped by higher sales at its off-price Rack chain.
Nordstrom Profit Tops Estimates as Rack Brand’s Sales Increase
Nordstrom posted second-quarter profit that topped analysts’ estimates, helped by higher sales at its off-price Rack chain.
Financial Markets
Alibaba Sales Beat Estimates on Cloud as Revenue Rises 59 Percent
Alibaba's quarterly revenue beat analysts’ estimates as cloud computing services surged and its core e-commerce business held up despite a slowing Chinese economy.
Alibaba Sales Beat Estimates on Cloud as Revenue Rises 59 Percent
Alibaba's quarterly revenue beat analysts’ estimates as cloud computing services surged and its core e-commerce business held up despite a slowing Chinese economy.
Financial Markets
Zalando Confirms Earnings Boost From Efficiency and New Brands
Zalando boosted earnings as the online apparel retailer added new brands like Kate Spade and got more bang for its marketing buck.
Zalando Confirms Earnings Boost From Efficiency and New Brands
Zalando boosted earnings as the online apparel retailer added new brands like Kate Spade and got more bang for its marketing buck.
Financial Markets
From Bankruptcy to Billions: Fashion’s Greatest Second (and Third) Acts
From Chanel to Michael Kors, BoF examines companies that failed hard on the way to global success.
From Bankruptcy to Billions: Fashion’s Greatest Second (and Third) Acts
From Chanel to Michael Kors, BoF examines companies that failed hard on the way to global success.
Financial Markets
Ralph Lauren Profit Tops Estimates on Larsson’s Turnaround Plan
Ralph Lauren reported first-quarter profit that exceeded analysts’ estimates as new chief executive officer Stefan Larsson’s turnaround plan takes hold.
Ralph Lauren Profit Tops Estimates on Larsson’s Turnaround Plan
Ralph Lauren reported first-quarter profit that exceeded analysts’ estimates as new chief executive officer Stefan Larsson’s turnaround plan takes hold.
Financial Markets
China's JD.com Revenue Meets Expectations as Slowdown Continues
JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.
China's JD.com Revenue Meets Expectations as Slowdown Continues
JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.
The News in Brief
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
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.
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.