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.
Conglomerates
Latest News & Analysis
Retail
Reformation Targets $1 Billion Valuation in IPO
The Permira-backed retailer said on Monday that it and some of its selling shareholders aim to raise up to $239.1 million in the IPO.
Reformation Targets $1 Billion Valuation in IPO
The Permira-backed retailer said on Monday that it and some of its selling shareholders aim to raise up to $239.1 million in the IPO.
Retail
Primark Cuts Prices Ahead of Split From AB Foods
The budget fashion chain said it would reduce prices by up to 29 percent across hundreds of products, seeking to improve trading ahead of next year’s spin off.
Primark Cuts Prices Ahead of Split From AB Foods
The budget fashion chain said it would reduce prices by up to 29 percent across hundreds of products, seeking to improve trading ahead of next year’s spin off.
Retail
India’s Tata Group Plans 100 Annual Stores for Its Westside Brand
The Mumbai-based conglomerate aims to double the pace of store openings for its premium clothing brand to reinvigorate growth.
India’s Tata Group Plans 100 Annual Stores for Its Westside Brand
The Mumbai-based conglomerate aims to double the pace of store openings for its premium clothing brand to reinvigorate growth.
Retail
Shein IPO Faces Lower Valuation as E-Commerce Crackdown Starts to Bite
Shein's ambitions for a valuation of up to $50 billion face a tough test from investors as new fees in Europe on e-commerce imports threaten to dent its growth.
Shein IPO Faces Lower Valuation as E-Commerce Crackdown Starts to Bite
Shein's ambitions for a valuation of up to $50 billion face a tough test from investors as new fees in Europe on e-commerce imports threaten to dent its growth.
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Luxury
La Perla Hires Former Gucci Executive Alessio Vannetti as CEO
The appointment is part of the Italian lingerie brand’s turnaround strategy following last year’s acquisition out of bankruptcy by Peter Kern.
La Perla Hires Former Gucci Executive Alessio Vannetti as CEO
The appointment is part of the Italian lingerie brand’s turnaround strategy following last year’s acquisition out of bankruptcy by Peter Kern.
Retail
Men’s Wearhouse Owner Tailored Brands Files for US IPO
Menswear company Tailored Brands Inc. filed publicly for an initial public offering, the latest step in its return to the public market.
Men’s Wearhouse Owner Tailored Brands Files for US IPO
Menswear company Tailored Brands Inc. filed publicly for an initial public offering, the latest step in its return to the public market.
Retail
Hugo Boss Board Rejects Frasers Takeover Bid
Hugo Boss AG recommended shareholders reject Frasers Group Plc’s takeover offer, saying the bid fails to capture the German fashion company’s long-term value.
Hugo Boss Board Rejects Frasers Takeover Bid
Hugo Boss AG recommended shareholders reject Frasers Group Plc’s takeover offer, saying the bid fails to capture the German fashion company’s long-term value.
Beauty
Coty and Kering Agree to Early Transfer of Gucci Beauty Licence to L’Oréal
Coty will receive approximately $400 million and continue to operate the brand until at least June 30, 2027, terminating its prior agreement a year earlier than originally signed.
Coty and Kering Agree to Early Transfer of Gucci Beauty Licence to L’Oréal
Coty will receive approximately $400 million and continue to operate the brand until at least June 30, 2027, terminating its prior agreement a year earlier than originally signed.
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Luxury
Opinion: How Not to Manage Succession at LVMH
The drama over the estate of the late Italian eyewear billionaire Leonardo Del Vecchio is a real-time reminder of what could go wrong at the world’s largest luxury group, argues Bloomberg’s Andrea Felsted.
Opinion: How Not to Manage Succession at LVMH
The drama over the estate of the late Italian eyewear billionaire Leonardo Del Vecchio is a real-time reminder of what could go wrong at the world’s largest luxury group, argues Bloomberg’s Andrea Felsted.
Retail
Primark Sales Fall as AB Foods Prepares to Split Off Chain
Associated British Foods Plc said sales at the budget fashion chain dropped in the quarter as the war in Iran dented consumer confidence.
Primark Sales Fall as AB Foods Prepares to Split Off Chain
Associated British Foods Plc said sales at the budget fashion chain dropped in the quarter as the war in Iran dented consumer confidence.
Luxury
Armani Taps BCG as Fashion Group Adapts to Post-Founder Era
The Italian fashion group is considering expansion in handbags and hospitality, its overall price positioning and distribution model and a senior creative appointment at Emporio Armani, according to people familiar with the matter.
Armani Taps BCG as Fashion Group Adapts to Post-Founder Era
The Italian fashion group is considering expansion in handbags and hospitality, its overall price positioning and distribution model and a senior creative appointment at Emporio Armani, according to people familiar with the matter.
Luxury
Face to Face With Luxury Clients
After a prolonged slowdown, luxury is gradually returning to growth, led by the US and China. Drawing on a survey of more than 2,000 clients and dozens of interviews across both markets, The Business of Fashion and McKinsey & Company find in the latest edition in our State of Fashion series a base of customers with increasingly distinct local preferences that nonetheless share an overarching desire for emotional connection.
Face to Face With Luxury Clients
After a prolonged slowdown, luxury is gradually returning to growth, led by the US and China. Drawing on a survey of more than 2,000 clients and dozens of interviews across both markets, The Business of Fashion and McKinsey & Company find in the latest edition in our State of Fashion series a base of customers with increasingly distinct local preferences that nonetheless share an overarching desire for emotional connection.
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.