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.
climate-change
Luxury
Moncler Sales Seen Rising Despite Luxury Concerns
Italian luxury group Moncler is expected to post a healthy rise in quarterly sales thanks to a strong brand and despite the warmer weather, although growth will be slower than in the first half.
Moncler Sales Seen Rising Despite Luxury Concerns
Italian luxury group Moncler is expected to post a healthy rise in quarterly sales thanks to a strong brand and despite the warmer weather, although growth will be slower than in the first half.
Retail
Warm Weather Knocks Over £500 Million Off M&S and Next
There’s fresh evidence from the FTSE 100 today of quite how vulnerable retailers are to unpredictable weather.
Warm Weather Knocks Over £500 Million Off M&S and Next
There’s fresh evidence from the FTSE 100 today of quite how vulnerable retailers are to unpredictable weather.
Sustainability
Fashion’s Push to Switch Coal for Biomass a ‘Greenwashing Tactic,’ Advocacy Groups Say
Support for the fuel from companies like H&M, Adidas and Inditex risks delaying a transition to cleaner energy sources and increasing deforestation, the organisations said.
Fashion’s Push to Switch Coal for Biomass a ‘Greenwashing Tactic,’ Advocacy Groups Say
Support for the fuel from companies like H&M, Adidas and Inditex risks delaying a transition to cleaner energy sources and increasing deforestation, the organisations said.
Sustainability
California’s Push for More Climate Disclosure Gets Fashion’s Backing
Trade groups including the American Apparel & Footwear Association and Council of Fashion Designers of America are supporting a state bill that would require big companies to report on their greenhouse-gas emissions.
California’s Push for More Climate Disclosure Gets Fashion’s Backing
Trade groups including the American Apparel & Footwear Association and Council of Fashion Designers of America are supporting a state bill that would require big companies to report on their greenhouse-gas emissions.
Sustainability
Walmart Partners With Fashion Tech Start-Up to Pilot Carbon-Captured Textiles
The retail giant is partnering with Rubi Laboratories to experiment with turning carbon emissions into textiles.
Walmart Partners With Fashion Tech Start-Up to Pilot Carbon-Captured Textiles
The retail giant is partnering with Rubi Laboratories to experiment with turning carbon emissions into textiles.
Sustainability
LVMH’s Antoine Arnault Calls for Luxury-Focused Sustainability Pact
The French luxury group’s head of image and environment addressed criticism over its decision not to join existing industry sustainability initiatives, in which fast fashion players play a large role, and pushed for greater collaboration amongst luxury companies.
LVMH’s Antoine Arnault Calls for Luxury-Focused Sustainability Pact
The French luxury group’s head of image and environment addressed criticism over its decision not to join existing industry sustainability initiatives, in which fast fashion players play a large role, and pushed for greater collaboration amongst luxury companies.
Can Fashion Quit the World’s Dirtiest Fossil Fuel?
Companies like H&M and Puma are pushing to get coal out of their supply chains by the end of the decade.
Can Fashion Quit the World’s Dirtiest Fossil Fuel?
Companies like H&M and Puma are pushing to get coal out of their supply chains by the end of the decade.
Sustainability
Zara Owner Inditex Considers Fund to Back Environmental Start-Ups
Inditex SA, which owns the Zara clothing chain, is considering setting up a vehicle to invest in startups and technologies that it hopes could help green its business, according to people familiar with the matter.
Zara Owner Inditex Considers Fund to Back Environmental Start-Ups
Inditex SA, which owns the Zara clothing chain, is considering setting up a vehicle to invest in startups and technologies that it hopes could help green its business, according to people familiar with the matter.
Sustainability
Corporate Commitments Haven’t Curbed Fashion’s Carbon Footprint
The next two years will be a critical test of whether the industry can translate pockets of progress into real change.
Corporate Commitments Haven’t Curbed Fashion’s Carbon Footprint
The next two years will be a critical test of whether the industry can translate pockets of progress into real change.
Sustainability
Op-Ed | Circularity Is a Fashionable Fantasy
The buzzy concept is a chimaera that distracts from the root cause of fashion’s worsening environmental impact: overconsumption, argues Ken Pucker.
Op-Ed | Circularity Is a Fashionable Fantasy
The buzzy concept is a chimaera that distracts from the root cause of fashion’s worsening environmental impact: overconsumption, argues Ken Pucker.
Sustainability
H&M, Kering Among Companies Piloting Science-Based Targets for Nature
The move to address businesses’ impact on nature is part of a new frontier of corporate environmental reporting.
H&M, Kering Among Companies Piloting Science-Based Targets for Nature
The move to address businesses’ impact on nature is part of a new frontier of corporate environmental reporting.
Sustainability
Selfridges, Hermès Quietly Exit Fashion Pact Amid Slow Progress
Four years after a splashy launch around the G7, the CEO-powered climate drive says it’s gearing up to accelerate action. But it has lost high-profile members and so far delivered little more than a handful of pilot projects.
Selfridges, Hermès Quietly Exit Fashion Pact Amid Slow Progress
Four years after a splashy launch around the G7, the CEO-powered climate drive says it’s gearing up to accelerate action. But it has lost high-profile members and so far delivered little more than a handful of pilot projects.
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.