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.
earnings-report
Beauty
L’Oreal Sales Fell More than Expected in Second Quarter
The group posted a net profit of 2.14 billion euros for the January to June period, down from 2.47 billion euros a year earlier.
L’Oreal Sales Fell More than Expected in Second Quarter
The group posted a net profit of 2.14 billion euros for the January to June period, down from 2.47 billion euros a year earlier.
Luxury
Brunello Cucinelli Expects Sales to Fall 10 Percent in 2020 as it Writes Down $34 Million in Excess Inventory
The Italian luxury group expects a recovery in the second half of the year.
Brunello Cucinelli Expects Sales to Fall 10 Percent in 2020 as it Writes Down $34 Million in Excess Inventory
The Italian luxury group expects a recovery in the second half of the year.
Retail
Gap's Quarterly Sales Down 43% on Coronavirus Hit
Net loss came in at $932 million, or $2.51 per share, for the three months ending May 2.
Gap's Quarterly Sales Down 43% on Coronavirus Hit
Net loss came in at $932 million, or $2.51 per share, for the three months ending May 2.
Retail
Nordstrom Sales Plunge Nearly 40% in Quarterly Sales
Digital sales rose only 5 percent in the same period.
Nordstrom Sales Plunge Nearly 40% in Quarterly Sales
Digital sales rose only 5 percent in the same period.
Luxury
Moncler Hopes for Rebound in Second Half of 2020
Analysts on average expect Moncler's sales to fall by 6 percent in 2020, better than most rivals, because most of its sales take place towards the end of each year.
Moncler Hopes for Rebound in Second Half of 2020
Analysts on average expect Moncler's sales to fall by 6 percent in 2020, better than most rivals, because most of its sales take place towards the end of each year.
Beauty
L'Oreal Sales Fall in First Quarter, E-Commerce Surges
The cosmetics maker said demand in China had begun to pick up again as coronavirus restrictions there are eased.
L'Oreal Sales Fall in First Quarter, E-Commerce Surges
The cosmetics maker said demand in China had begun to pick up again as coronavirus restrictions there are eased.
Retail
M&S Warns of 'Severe Impact' From Coronavirus
The British retailer, already seeing a substantial decline clothing and homeware sales, will not pay a final dividend for its 2019-20 year and said it was unable to provide meaningful guidance on 2020-2021 earnings.
M&S Warns of 'Severe Impact' From Coronavirus
The British retailer, already seeing a substantial decline clothing and homeware sales, will not pay a final dividend for its 2019-20 year and said it was unable to provide meaningful guidance on 2020-2021 earnings.
Retail
Nordstrom Earnings Fall Below Market Expectations
The Seattle-based retailer missed estimates for fourth-quarter revenue, sending its shares down 9 percent in after-market trading.
Nordstrom Earnings Fall Below Market Expectations
The Seattle-based retailer missed estimates for fourth-quarter revenue, sending its shares down 9 percent in after-market trading.
Fashion Week
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Luxury
Six Key Takeaways from LVMH’s 2019 Results
It was another year of record growth for the luxury conglomerate, which placed big bets on the experience economy and fine jewellery. But there are challenges ahead.
Six Key Takeaways from LVMH’s 2019 Results
It was another year of record growth for the luxury conglomerate, which placed big bets on the experience economy and fine jewellery. But there are challenges ahead.
Retail
Nike Earnings Fail to Wow Investors After Stock Hits Record
Despite posting quarterly results that sailed past Wall Street estimates, the shares dipped in late trading, suggesting some investors were looking for an even bigger upside surprise.
Nike Earnings Fail to Wow Investors After Stock Hits Record
Despite posting quarterly results that sailed past Wall Street estimates, the shares dipped in late trading, suggesting some investors were looking for an even bigger upside surprise.
Retail
Nordstrom Quarterly Profit Beats Estimates
Nordstrom's upbeat guidance comes in contrast to profit forecast cuts by larger rivals Macy's and Kohl's ahead of the crucial holiday season.
Nordstrom Quarterly Profit Beats Estimates
Nordstrom's upbeat guidance comes in contrast to profit forecast cuts by larger rivals Macy's and Kohl's ahead of the crucial holiday season.
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.