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.
consumer-spending
Fashion Week
Fashion’s New Outlook on 2020
Six takeaways from Paris Fashion Week, where everything from the coronavirus to end-times fashion changed the conversation we'll be having for the rest of the year.
Fashion’s New Outlook on 2020
Six takeaways from Paris Fashion Week, where everything from the coronavirus to end-times fashion changed the conversation we'll be having for the rest of the year.
Global Markets
Hong Kong Retail Sales Down 21.4% Due to Coronavirus
The health scare worsened an already weak environment for retail after months of often violent anti-government protests.
Hong Kong Retail Sales Down 21.4% Due to Coronavirus
The health scare worsened an already weak environment for retail after months of often violent anti-government protests.
Retail
Hong Kong Retailers in Battle for Rental Cuts
Shop owners are calling for temporary rent cuts as consumer spending falls amid the coronavirus outbreak and months of political unrest.
Hong Kong Retailers in Battle for Rental Cuts
Shop owners are calling for temporary rent cuts as consumer spending falls amid the coronavirus outbreak and months of political unrest.
Retail
Post-Brexit Trade Deal Could Increase Retail Prices
Negotiations on a new relationship between Britain and the EU will start next month.
Post-Brexit Trade Deal Could Increase Retail Prices
Negotiations on a new relationship between Britain and the EU will start next month.
Luxury
Italy's Fashion Industry Shows Promise Despite Coronavirus Outbreak
The country's luxury goods sector is expected to see revenue rise to $87 billion in 2021.
Italy's Fashion Industry Shows Promise Despite Coronavirus Outbreak
The country's luxury goods sector is expected to see revenue rise to $87 billion in 2021.
Retail
UK Consumer Spending Shows Signs of Wariness
The average retail spending by Britain's shoppers is at its lowest since 1995.
UK Consumer Spending Shows Signs of Wariness
The average retail spending by Britain's shoppers is at its lowest since 1995.
Retail
UK Retailers See Biggest Sales Jump in Six Years
British shops experienced a 5.7 percent increase in sales last month, the biggest annual rise since January 2014.
UK Retailers See Biggest Sales Jump in Six Years
British shops experienced a 5.7 percent increase in sales last month, the biggest annual rise since January 2014.
Retail
British Retail Sales Drop for Fifth Month Running
Consumer demand in the UK is softening, despite low unemployment and modest inflation.
British Retail Sales Drop for Fifth Month Running
Consumer demand in the UK is softening, despite low unemployment and modest inflation.
Retail
John Lewis Boss to Exit After Weak Christmas Sales
Sales at one of Britain's best known store chains fell by 2 percent during the holiday period.
John Lewis Boss to Exit After Weak Christmas Sales
Sales at one of Britain's best known store chains fell by 2 percent during the holiday period.
Retail
French Consumer Morale Drops As Strikes Continue
Retailers struggled through the holiday period as the ongoing protests kept shoppers at home nationwide.
French Consumer Morale Drops As Strikes Continue
Retailers struggled through the holiday period as the ongoing protests kept shoppers at home nationwide.
Sustainability
The Year Ahead: Sustainability Takes Centre Stage
Next year, fashion players need to swap platitudes and promotional noise for meaningful action and regulatory compliance while facing up to consumer demand for transformational change.
The Year Ahead: Sustainability Takes Centre Stage
Next year, fashion players need to swap platitudes and promotional noise for meaningful action and regulatory compliance while facing up to consumer demand for transformational change.
Global Markets
Vietnam: Luxury’s Next Goldmine?
On the back of a deal with the EU, luxury goods will become more affordable in Vietnam. Are brands investing heavily enough in what is one of the fastest-growing economies in the world?
Vietnam: Luxury’s Next Goldmine?
On the back of a deal with the EU, luxury goods will become more affordable in Vietnam. Are brands investing heavily enough in what is one of the fastest-growing economies in the world?
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.