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
Global Markets
How India’s Aditya Birla Built a Billion-Dollar Fashion Empire
The mining-to-textiles giant’s fashion arm has grown into one of India’s largest players, spanning dozens of homegrown brands and retail partnerships with global names like Reebok, Ralph Lauren and Galeries Lafayette.
How India’s Aditya Birla Built a Billion-Dollar Fashion Empire
The mining-to-textiles giant’s fashion arm has grown into one of India’s largest players, spanning dozens of homegrown brands and retail partnerships with global names like Reebok, Ralph Lauren and Galeries Lafayette.
Retail
Birkenstock Readies First Bond Deal in Five Years for Buybacks
The German footwear maker is seeking to replace existing debt and is set to raise €900 million from the sale, according to a person with knowledge of the matter.
Birkenstock Readies First Bond Deal in Five Years for Buybacks
The German footwear maker is seeking to replace existing debt and is set to raise €900 million from the sale, according to a person with knowledge of the matter.
Retail
Victoria’s Secret Shareholder Wages High-Stakes Campaign to Oust Chair
Billionaire Brett Blundy, whose investment firm is the lingerie brand’s second biggest shareholder, is waging a campaign to oust the long-term chair, setting up a showdown at the company’s annual meeting on Thursday.
Victoria’s Secret Shareholder Wages High-Stakes Campaign to Oust Chair
Billionaire Brett Blundy, whose investment firm is the lingerie brand’s second biggest shareholder, is waging a campaign to oust the long-term chair, setting up a showdown at the company’s annual meeting on Thursday.
Beauty
Novo Nordisk Looks Beyond Weight Loss to Longevity and Aesthetics
Novo's blockbuster drugs could pull it into buzzier areas of healthcare, chief executive Mike Doustdar said, as the Ozempic maker seeks to lessen its reliance on obesity and diabetes.
Novo Nordisk Looks Beyond Weight Loss to Longevity and Aesthetics
Novo's blockbuster drugs could pull it into buzzier areas of healthcare, chief executive Mike Doustdar said, as the Ozempic maker seeks to lessen its reliance on obesity and diabetes.
Luxury
OTB Takes Full Control of Viktor & Rolf
The Italian fashion group behind Diesel and Maison Margiela is taking full ownership of the avant-garde haute couture house, acquiring the remaining 30 percent it didn’t already own. Founders Viktor Horsting and Rolf Snoeren remain creative directors.
OTB Takes Full Control of Viktor & Rolf
The Italian fashion group behind Diesel and Maison Margiela is taking full ownership of the avant-garde haute couture house, acquiring the remaining 30 percent it didn’t already own. Founders Viktor Horsting and Rolf Snoeren remain creative directors.
Beauty
Estée Lauder CEO Says the Price Wasn’t Right for Puig
At a conference in Paris, Lauder CEO Stéphane de La Faverie spoke about the company’s M&A outlook and the reason its Puig merger talks fell through.
Estée Lauder CEO Says the Price Wasn’t Right for Puig
At a conference in Paris, Lauder CEO Stéphane de La Faverie spoke about the company’s M&A outlook and the reason its Puig merger talks fell through.
Beauty
Only the Fastest Innovators Are Winning in Beauty
Shoppers’ thirst for beauty is strong, as conglomerates’ recent earnings reports show. But the major players must find fresh ways to make their assortments stand out from the pack.
Only the Fastest Innovators Are Winning in Beauty
Shoppers’ thirst for beauty is strong, as conglomerates’ recent earnings reports show. But the major players must find fresh ways to make their assortments stand out from the pack.
Beauty
Why the Estée Lauder and Puig Deal Collapsed
The much-telegraphed potential merger fell apart after months of negotiations, the two companies confirmed on Thursday, as they face up to the limits of their strengths and weaknesses.
Why the Estée Lauder and Puig Deal Collapsed
The much-telegraphed potential merger fell apart after months of negotiations, the two companies confirmed on Thursday, as they face up to the limits of their strengths and weaknesses.
Beauty
Lilly’s Next-Gen Weight Loss Shot Cuts Body Weight by 28% in Study
Nearly half of patients who got a high dose of Eli Lilly's experimental obesity shot retatrutide lost the equivalent weight of bariatric surgery, sending the drugmaker's shares up in premarket trading.
Lilly’s Next-Gen Weight Loss Shot Cuts Body Weight by 28% in Study
Nearly half of patients who got a high dose of Eli Lilly's experimental obesity shot retatrutide lost the equivalent weight of bariatric surgery, sending the drugmaker's shares up in premarket trading.
Beauty
Report: Charlotte Tilbury Complicates Estée Lauder-Puig Merger Talks
According to Spanish newspaper Expansión, the founder of the British cosmetics brand’s desire to renegotiate her earn-out and compensation structure has stalled merger discussions.
Report: Charlotte Tilbury Complicates Estée Lauder-Puig Merger Talks
According to Spanish newspaper Expansión, the founder of the British cosmetics brand’s desire to renegotiate her earn-out and compensation structure has stalled merger discussions.
Beauty
The Ordinary’s Stunts Are Getting Bolder. How Far Can They Go?
The Estée Lauder-owned skincare brand is staging immersive, local pop-ups all over the world. Its newest, in New York, may be one of its most audacious yet.
The Ordinary’s Stunts Are Getting Bolder. How Far Can They Go?
The Estée Lauder-owned skincare brand is staging immersive, local pop-ups all over the world. Its newest, in New York, may be one of its most audacious yet.
Sustainability
The Great Sustainability Rebrand
At this year’s Global Fashion Summit, the industry reframed sustainability around its financial value and presented it as a business survival strategy.
The Great Sustainability Rebrand
At this year’s Global Fashion Summit, the industry reframed sustainability around its financial value and presented it as a business survival strategy.
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.