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.
Currency
Latest News & Analysis
Technology
Op-Ed | Blockchains Could Upend the Fashion Business
Blockchain will revolutionise the industry in the next 10 years, but a number of systems have to be built to support it, argues Charles Beckwith.
Op-Ed | Blockchains Could Upend the Fashion Business
Blockchain will revolutionise the industry in the next 10 years, but a number of systems have to be built to support it, argues Charles Beckwith.
China
The China Edit | Chinese Tourist Spending Falls, Alibaba Hits Australia
This week, why the average Chinese tourist is spending less abroad, while the Alibaba Group expands into Australia and New Zealand.
The China Edit | Chinese Tourist Spending Falls, Alibaba Hits Australia
This week, why the average Chinese tourist is spending less abroad, while the Alibaba Group expands into Australia and New Zealand.
Entrepreneurship
Bags and Bling, Tourists Seek Bargains in Brexit Britain
The sharp fall in sterling since Britain voted to leave the European Union has encouraged tourists to go on a spending spree, providing a little relief for the economy as it faces an overall sharp slowdown.
Bags and Bling, Tourists Seek Bargains in Brexit Britain
The sharp fall in sterling since Britain voted to leave the European Union has encouraged tourists to go on a spending spree, providing a little relief for the economy as it faces an overall sharp slowdown.
Financial Markets
PayPal, MasterCard Reach Deal For Store Payments
MasterCard said it signed a deal with PayPal that will allow customers to use PayPal's payment services in stores.
PayPal, MasterCard Reach Deal For Store Payments
MasterCard said it signed a deal with PayPal that will allow customers to use PayPal's payment services in stores.
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Luxury
Britain Now World's Cheapest Luxury Market
The UK is now the cheapest luxury goods market in the world in the wake of the country's vote to leave the EU, which pushed down the value of the British pound about 10 percent against the euro.
Britain Now World's Cheapest Luxury Market
The UK is now the cheapest luxury goods market in the world in the wake of the country's vote to leave the EU, which pushed down the value of the British pound about 10 percent against the euro.
Retail
Fast Retailing Feels Japan's Brexit Sting With Rising Yen
Billionaire Tadashi Yanai’s Fast Retailing gave an early glimpse of the pain a rising yen is bringing to Japan’s biggest companies since the UK voted to leave the European Union last month.
Fast Retailing Feels Japan's Brexit Sting With Rising Yen
Billionaire Tadashi Yanai’s Fast Retailing gave an early glimpse of the pain a rising yen is bringing to Japan’s biggest companies since the UK voted to leave the European Union last month.
China
China's JD.com Says Brexit Could Boost Imports of British Goods
JD.com has said that Britain leaving the European Union could make British goods cheaper to buy, but it was premature to say if the move would significantly impact the group's business.
China's JD.com Says Brexit Could Boost Imports of British Goods
JD.com has said that Britain leaving the European Union could make British goods cheaper to buy, but it was premature to say if the move would significantly impact the group's business.
News & Analysis
Brexit Vote Sends Tourists Flocking to London to Purchase Luxury Goods
By voting to leave the European Union, Britons have delivered a potential windfall to tourists eager to snatch up Burberry trenchcoats, Harrods Stilton and Liberty scarves on the cheap.
Brexit Vote Sends Tourists Flocking to London to Purchase Luxury Goods
By voting to leave the European Union, Britons have delivered a potential windfall to tourists eager to snatch up Burberry trenchcoats, Harrods Stilton and Liberty scarves on the cheap.
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Financial Markets
Prada Hurt by Strong Pound, Says CFO
According to Prada Chief Financial Officer Donatello Galli, the strong pound is hurting the Italian luxury-goods maker’s earnings.
Prada Hurt by Strong Pound, Says CFO
According to Prada Chief Financial Officer Donatello Galli, the strong pound is hurting the Italian luxury-goods maker’s earnings.
Global Markets
Euro Falls Near $1, But European Luxury Goods Remain Pricey
Americans hunting for a bargain on a new Beemer, bottle of Chateau Margaux or Hermès handbag thanks to the sliding euro should put away their gold cards. European luxury goods sold in the U.S. still carry luxurious price tags.
Euro Falls Near $1, But European Luxury Goods Remain Pricey
Americans hunting for a bargain on a new Beemer, bottle of Chateau Margaux or Hermès handbag thanks to the sliding euro should put away their gold cards. European luxury goods sold in the U.S. still carry luxurious price tags.
Financial Markets
Navigating a Storm of Currency Volatility
How can fashion companies navigate the crashing waves of currency fluctuations?
Navigating a Storm of Currency Volatility
How can fashion companies navigate the crashing waves of currency fluctuations?
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.