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
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Beauty
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.
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.
Luxury
Zegna Sales Jump 17 Percent, Shaking Off Luxury Headwinds
Sales also accelerated at the Italian group’s Thom Browne and Tom Ford labels.
Zegna Sales Jump 17 Percent, Shaking Off Luxury Headwinds
Sales also accelerated at the Italian group’s Thom Browne and Tom Ford labels.
Luxury
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.
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.
Luxury
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.
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.
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Luxury
Swatch Reports Better First-Half Sales but Misses Profit Forecasts
Net sales rose 8.5 percent year on year at constant exchange rates, but the Swiss group’s profit was hit by negative currency effects.
Swatch Reports Better First-Half Sales but Misses Profit Forecasts
Net sales rose 8.5 percent year on year at constant exchange rates, but the Swiss group’s profit was hit by negative currency effects.
Retail
Primark Cuts Prices Ahead of Split From AB Foods
The budget fashion chain said it would reduce prices by up to 29 percent across hundreds of products, seeking to improve trading ahead of next year’s spin off.
Primark Cuts Prices Ahead of Split From AB Foods
The budget fashion chain said it would reduce prices by up to 29 percent across hundreds of products, seeking to improve trading ahead of next year’s spin off.
Luxury
Moncler and Zegna Results: Beyond the Jacket and the Suit
Moncler’s most muted quarter and Zegna’s US expansion will provide clues to whether the two Italian luxury groups can sustain their transformations.
Moncler and Zegna Results: Beyond the Jacket and the Suit
Moncler’s most muted quarter and Zegna’s US expansion will provide clues to whether the two Italian luxury groups can sustain their transformations.
Luxury
Burberry’s US Sales Boost Growth as Turnaround Gains Momentum
The British brand’s sales grew across all product ranges for the first time in three years, though shares fell as investors shift focus to its efforts to drive further profitability.
Burberry’s US Sales Boost Growth as Turnaround Gains Momentum
The British brand’s sales grew across all product ranges for the first time in three years, though shares fell as investors shift focus to its efforts to drive further profitability.
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Retail
Dr Martens Reaffirms Outlook on US Wholesale Demand
The British bootmaker cited encouraging wholesale trends in its largest market, the US, as it stuck to its fiscal 2027 outlook.
Dr Martens Reaffirms Outlook on US Wholesale Demand
The British bootmaker cited encouraging wholesale trends in its largest market, the US, as it stuck to its fiscal 2027 outlook.
Luxury
Richemont Sales Surge 20%, Setting High Bar for Luxury
The Cartier and Van Cleef & Arpels owner smashed expectations on booming US demand ahead of earnings reports at LVMH, Kering, Hermès and Prada later this month.
Richemont Sales Surge 20%, Setting High Bar for Luxury
The Cartier and Van Cleef & Arpels owner smashed expectations on booming US demand ahead of earnings reports at LVMH, Kering, Hermès and Prada later this month.
Luxury
De Beers to Shutter South African Diamond Mine to Save Cash
The diamond giant will halt production at the mine for two years to cut costs, but said the move won't impact output goals as it will produce more stones elsewhere
De Beers to Shutter South African Diamond Mine to Save Cash
The diamond giant will halt production at the mine for two years to cut costs, but said the move won't impact output goals as it will produce more stones elsewhere
Retail
Levi’s Raises Forecast as Premium Denim Gains Traction
The denim maker raised its annual net sales forecast as it beat quarterly estimates, but shares sank on its full-year profit outlook.
Levi’s Raises Forecast as Premium Denim Gains Traction
The denim maker raised its annual net sales forecast as it beat quarterly estimates, but shares sank on its full-year profit outlook.
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.