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
Sustainability
Explainer: What the EU’s Moves to Water Down Sustainability Rules Mean for Fashion
After months of political wrangling, Europe’s Parliament has reached a deal to significantly scale back landmark corporate sustainability rules, paving the way for much laxer environmental reporting and due diligence requirements for large fashion brands.
Explainer: What the EU’s Moves to Water Down Sustainability Rules Mean for Fashion
After months of political wrangling, Europe’s Parliament has reached a deal to significantly scale back landmark corporate sustainability rules, paving the way for much laxer environmental reporting and due diligence requirements for large fashion brands.
Beauty
Why Beauty’s Biggest Companies Are Struggling to Grow
This season’s earnings paints a gloomy picture of the fiscal year ahead, thanks to a downturn in the US and a cooling fragrance market, but agile firms are finding brighter spots.
Why Beauty’s Biggest Companies Are Struggling to Grow
This season’s earnings paints a gloomy picture of the fiscal year ahead, thanks to a downturn in the US and a cooling fragrance market, but agile firms are finding brighter spots.
Beauty
L’Oréal Selling €3 Billion of Bonds for Kering Beauté Deal
L’Oréal SA is selling at least €1.5 billion ($1.7 billion) of bonds in a three-part deal to help finance its acquisition of Kering Beauté.
L’Oréal Selling €3 Billion of Bonds for Kering Beauté Deal
L’Oréal SA is selling at least €1.5 billion ($1.7 billion) of bonds in a three-part deal to help finance its acquisition of Kering Beauté.
Beauty
WeightWatchers Plans to Sell Novo Nordisk’s Wegovy Pill
The company’CEO said on Wednesday it plans to sell Novo Nordisk’s much-anticipated Wegovy in pill form if it is launched next year in the United States, deepening its tie-up with the Danish obesity drugmaker.
WeightWatchers Plans to Sell Novo Nordisk’s Wegovy Pill
The company’CEO said on Wednesday it plans to sell Novo Nordisk’s much-anticipated Wegovy in pill form if it is launched next year in the United States, deepening its tie-up with the Danish obesity drugmaker.
Beauty
Exclusive: Hourglass Founder Carisa Janes Launches New Beauty Brand
Eight years after selling her prestige cosmetics line to Unilever Prestige, Janes has another brand on her hands, launching with 25 foundation shades and a face oil. Can lightning strike twice?
Exclusive: Hourglass Founder Carisa Janes Launches New Beauty Brand
Eight years after selling her prestige cosmetics line to Unilever Prestige, Janes has another brand on her hands, launching with 25 foundation shades and a face oil. Can lightning strike twice?
Luxury
LVMH’s Watch Unit Takes Minority Stake in La Joux-Perret
The move deepens LVMH’s partnership with the high-end Swiss watch movement and component manufacturer.
LVMH’s Watch Unit Takes Minority Stake in La Joux-Perret
The move deepens LVMH’s partnership with the high-end Swiss watch movement and component manufacturer.
Beauty
Shiseido Cuts Forecast, Announces New 2030 Strategy and Leadership
The Japanese conglomerate’s sales dipped to a nine month low in its latest earnings, which accompanied sweeping changes to leadership and the unveiling of its newest action plan.
Shiseido Cuts Forecast, Announces New 2030 Strategy and Leadership
The Japanese conglomerate’s sales dipped to a nine month low in its latest earnings, which accompanied sweeping changes to leadership and the unveiling of its newest action plan.
Beauty
Novo Nordisk Bows Out of Metsera Takeover Battle
The Ozempic maker’s shares rose after Novo withdrew from a $10 billion takeover battle with Pfizer over obesity drug developer Metsera.
Novo Nordisk Bows Out of Metsera Takeover Battle
The Ozempic maker’s shares rose after Novo withdrew from a $10 billion takeover battle with Pfizer over obesity drug developer Metsera.
Luxury
Is China’s Luxury Market Ready to Rebound?
The short answer is yes — but it won’t soon return to its pre-pandemic growth rates. After two years of turbulence, the market remains shaky, and brands will need to earn every sale.
Is China’s Luxury Market Ready to Rebound?
The short answer is yes — but it won’t soon return to its pre-pandemic growth rates. After two years of turbulence, the market remains shaky, and brands will need to earn every sale.
Beauty
Kao Sales Lift 3.5% Against Cosmetics Business Reset
The Japanese conglomerate and Bioré owner’s latest earnings show early gains from its new strategy to drive beauty growth.
Kao Sales Lift 3.5% Against Cosmetics Business Reset
The Japanese conglomerate and Bioré owner’s latest earnings show early gains from its new strategy to drive beauty growth.
Beauty
Pfizer Loses Legal Bid to Block Novo’s Metsera Offer
A judge denied Pfizer’s request to temporarily block Novo Nordisk’s $10 billion bid to acquire the obesity startup Metsera Inc., saying the US pharmaceutical company’s objections to the deal don’t warrant a delay.
Pfizer Loses Legal Bid to Block Novo’s Metsera Offer
A judge denied Pfizer’s request to temporarily block Novo Nordisk’s $10 billion bid to acquire the obesity startup Metsera Inc., saying the US pharmaceutical company’s objections to the deal don’t warrant a delay.
Beauty
Coty Stares Into a Gucci-less Void
L’Oréal is set to take over the coveted Gucci license in a few short years, but losing a key brand is just one of the US conglomerate’s woes.
Coty Stares Into a Gucci-less Void
L’Oréal is set to take over the coveted Gucci license in a few short years, but losing a key brand is just one of the US conglomerate’s woes.
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.