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 Slowdown
Latest News & Analysis
Retail
The Art of the Crisis Pivot — and the Brands Getting it Right
Fashion brands that find their businesses upended by the pandemic are finding creative new ways to operate. Here's how they did it.
The Art of the Crisis Pivot — and the Brands Getting it Right
Fashion brands that find their businesses upended by the pandemic are finding creative new ways to operate. Here's how they did it.
Retail
UK Businesses to Lean Heavily on Government Support
Almost half of British companies expect to furlough 50 percent or more of their workforce, according to a survey, meaning reliance on a government scheme that will pay up to 80 percent of employee wages.
UK Businesses to Lean Heavily on Government Support
Almost half of British companies expect to furlough 50 percent or more of their workforce, according to a survey, meaning reliance on a government scheme that will pay up to 80 percent of employee wages.
Retail
Sports Direct Bans Media From Annual Investor Meeting
The meeting will see majority owner Mike Ashley face opposition to his re-election as a director.
Sports Direct Bans Media From Annual Investor Meeting
The meeting will see majority owner Mike Ashley face opposition to his re-election as a director.
News & Analysis
Armani Sales Fall Again as Founder Pushes to Restructure Brand
The italian luxury fashion house's revenue fell by 8 percent, sparking plans to reshuffle its sub-brand offering.
Armani Sales Fall Again as Founder Pushes to Restructure Brand
The italian luxury fashion house's revenue fell by 8 percent, sparking plans to reshuffle its sub-brand offering.
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Retail
New Look Losses Mount as Brexit and Rain Keep Shoppers Away
The British high street chain reported statutory loss before tax of £522.2 million for the year ended March, compared with a loss of £190.2 million a year earlier.
New Look Losses Mount as Brexit and Rain Keep Shoppers Away
The British high street chain reported statutory loss before tax of £522.2 million for the year ended March, compared with a loss of £190.2 million a year earlier.
Retail
Mulberry Hurt by House of Fraser Collapse
The British luxury bag maker swung to an annual loss as it took a £3 million ($3.77 million) hit from the collapse of department store group House of Fraser.
Mulberry Hurt by House of Fraser Collapse
The British luxury bag maker swung to an annual loss as it took a £3 million ($3.77 million) hit from the collapse of department store group House of Fraser.
Financial Markets
When Retailers Lose the Thread a $2.7 Billion Wipeout Ensues
Canada Goose, Abercrombie & Fitch and Capri Holdings posted historic stock declines this week, together erasing about $2.7 billion in market capitalisation.
When Retailers Lose the Thread a $2.7 Billion Wipeout Ensues
Canada Goose, Abercrombie & Fitch and Capri Holdings posted historic stock declines this week, together erasing about $2.7 billion in market capitalisation.
China
What’s Ailing Mulberry?
Chief executive Thierry Andretta is trying to turn things around, but the British heritage brand is a no-show at London Fashion Week again this season after years of sluggish sales and a slumping share price.
What’s Ailing Mulberry?
Chief executive Thierry Andretta is trying to turn things around, but the British heritage brand is a no-show at London Fashion Week again this season after years of sluggish sales and a slumping share price.
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Retail
ASOS Confident on Profit Guidance Despite Slowing Sales Growth
The British retailer announced it was on track to make analysts' forecasts for full year profit, although sales growth for its latest trading period came in short of market expectations.
ASOS Confident on Profit Guidance Despite Slowing Sales Growth
The British retailer announced it was on track to make analysts' forecasts for full year profit, although sales growth for its latest trading period came in short of market expectations.
Retail
A Wake-Up Call for Ferragamo
Salvatore Ferragamo was once the world’s buzziest luxury shoemaker, but the storied ‘sleeping beauty’ is having trouble coming back to life.
A Wake-Up Call for Ferragamo
Salvatore Ferragamo was once the world’s buzziest luxury shoemaker, but the storied ‘sleeping beauty’ is having trouble coming back to life.
News & Analysis
Michael Kors Drops as Lower Mall Traffic Weighs on Forecast
Revenue decreased 7.4 percent in the Americas and slid 2.7 percent in Europe on a constant-currency basis.
Michael Kors Drops as Lower Mall Traffic Weighs on Forecast
Revenue decreased 7.4 percent in the Americas and slid 2.7 percent in Europe on a constant-currency basis.
News & Analysis
Macy's, Kohl's Slash 2016 Profit Forecasts Citing Weak End to Year
Macy's said the shutdown of 68 stores, a part of the 100-store closures the company had announced in August last year, may result in the layoff of about 3,900 associates.
Macy's, Kohl's Slash 2016 Profit Forecasts Citing Weak End to Year
Macy's said the shutdown of 68 stores, a part of the 100-store closures the company had announced in August last year, may result in the layoff of about 3,900 associates.
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.