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 Reliance Retail Rules the Indian Fashion Market
Although it is just one arm of the Ambani family’s $225 billion oil-to-telecoms empire, Reliance has become India’s largest retailer by offering everything from low-cost essentials to luxury goods from Armani to Zegna across multiple formats.
How Reliance Retail Rules the Indian Fashion Market
Although it is just one arm of the Ambani family’s $225 billion oil-to-telecoms empire, Reliance has become India’s largest retailer by offering everything from low-cost essentials to luxury goods from Armani to Zegna across multiple formats.
Retail
Billionaire Zara Heir Stakes Family Fortune on Going Upmarket
Inditex’s flagship brand is trying to elevate its image and capture new growth in a market where Shein and Temu are luring young, budget-conscious shoppers.
Billionaire Zara Heir Stakes Family Fortune on Going Upmarket
Inditex’s flagship brand is trying to elevate its image and capture new growth in a market where Shein and Temu are luring young, budget-conscious shoppers.
Retail
Mytheresa Appoints New CEO
In January, Francis Belin will replace Michael Kliger as chief executive of the German e-tailer. Kliger will remain in his post as CEO of Mytheresa parent company LuxExperience.
Mytheresa Appoints New CEO
In January, Francis Belin will replace Michael Kliger as chief executive of the German e-tailer. Kliger will remain in his post as CEO of Mytheresa parent company LuxExperience.
Beauty
Report: Hong Kong’s CK Hutchison Exploring Sale of Retailer Watson
The holding company is in early stage talks to offload the beauty retail giant, which operates 17,000 stores including Watson pharmacies in Asia and Superdrug stores in the UK, sources told Bloomberg.
Report: Hong Kong’s CK Hutchison Exploring Sale of Retailer Watson
The holding company is in early stage talks to offload the beauty retail giant, which operates 17,000 stores including Watson pharmacies in Asia and Superdrug stores in the UK, sources told Bloomberg.
Luxury
What Happens for Luxury if AI Goes Bust?
Investors are worried about the scale and concentration of US’ AI investment ahead of Nvidia’s earnings Wednesday night. A correction would have big consequences for high-end brands. Plus: Kering’s leaked strategy memo, Azzedine Alaïa’s Dior archive, highlights from BoF VOICES.
What Happens for Luxury if AI Goes Bust?
Investors are worried about the scale and concentration of US’ AI investment ahead of Nvidia’s earnings Wednesday night. A correction would have big consequences for high-end brands. Plus: Kering’s leaked strategy memo, Azzedine Alaïa’s Dior archive, highlights from BoF VOICES.
Global Markets
India’s RPSG Ventures Acquires 40% Stake in Falguni Shane Peacock
The media-to-chemicals conglomerate has valued the luxury fashion brand’s parent FSP Design Private Limited at $54.6 million.
India’s RPSG Ventures Acquires 40% Stake in Falguni Shane Peacock
The media-to-chemicals conglomerate has valued the luxury fashion brand’s parent FSP Design Private Limited at $54.6 million.
Topics
Supplements Are Booming. So Is Scepticism.
Between class-action lawsuits, safety fears and customer dissatisfaction, the vitamin, supplements and minerals industry is facing more scrutiny than ever. Some sellers see the moment as an opportunity.
Supplements Are Booming. So Is Scepticism.
Between class-action lawsuits, safety fears and customer dissatisfaction, the vitamin, supplements and minerals industry is facing more scrutiny than ever. Some sellers see the moment as an opportunity.
Beauty
As Wellness Trends Go Upscale, Nestlé’s Mass-Market Vitamins Lose Some Shine
Nestle wants out of mass-market vitamins. But a move by consumers towards more expensive, science-backed products risks complicating the Swiss conglomerate's effort to fetch a high price for its underperforming brands.
As Wellness Trends Go Upscale, Nestlé’s Mass-Market Vitamins Lose Some Shine
Nestle wants out of mass-market vitamins. But a move by consumers towards more expensive, science-backed products risks complicating the Swiss conglomerate's effort to fetch a high price for its underperforming brands.
Beauty
What’s Driving the Pocket Dermatology Boom
Brands like Methodiq, the newest label to launch out of US beauty conglomerate Oddity, want to put dermatologists in every person’s pocket — and disrupt a decades-old system in the process.
What’s Driving the Pocket Dermatology Boom
Brands like Methodiq, the newest label to launch out of US beauty conglomerate Oddity, want to put dermatologists in every person’s pocket — and disrupt a decades-old system in the process.
Beauty
Novo Cuts US Weight Loss Drug Prices
The Danish drugmaker maker will sell introductory doses of Ozempic and Wegovy for $190 in an effort to compete with Eli Lilly and compounding pharmacies on price.
Novo Cuts US Weight Loss Drug Prices
The Danish drugmaker maker will sell introductory doses of Ozempic and Wegovy for $190 in an effort to compete with Eli Lilly and compounding pharmacies on price.
Beauty
Shiseido Shares Decline 11% After China Warns on Japan Travel
Shiseido Co. shares fell as much as 11 percent after China cautioned its citizens against traveling to and studying in Japan amid a deepening diplomatic row between the nations.
Shiseido Shares Decline 11% After China Warns on Japan Travel
Shiseido Co. shares fell as much as 11 percent after China cautioned its citizens against traveling to and studying in Japan amid a deepening diplomatic row between the nations.
Beauty
L’Oréal Invests In Chinese Clean Skincare Brand Lan
Cosmetics giant L’Oreal said on Monday it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in China, where local brands have grown rapidly.
L’Oréal Invests In Chinese Clean Skincare Brand Lan
Cosmetics giant L’Oreal said on Monday it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in China, where local brands have grown rapidly.
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.