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
Beauty
Brazil’s Natura Revenue Drops on Lower Domestic Sales
The cosmetics maker said it is taking measures to restore growth in Brazil, including supply-chain adjustments and an acceleration in franchise store openings.
Brazil’s Natura Revenue Drops on Lower Domestic Sales
The cosmetics maker said it is taking measures to restore growth in Brazil, including supply-chain adjustments and an acceleration in franchise store openings.
Luxury
Valentino to Sell Bonds to Repay Bank Debt
The funding represents a step forward for the fashion house, which last year required a capital injection from shareholders and struck a deal with lender banks to refinance its liabilities.
Valentino to Sell Bonds to Repay Bank Debt
The funding represents a step forward for the fashion house, which last year required a capital injection from shareholders and struck a deal with lender banks to refinance its liabilities.
Luxury
De Beers Slashes Diamond Prices for Shrinking Group of Buyers
The mining giant, which long kept prices above market rates to avoid hurting overall sentiment, made sweeping price cuts and reduced its handpicked group of buyers to funnel gems to its strongest customers.
De Beers Slashes Diamond Prices for Shrinking Group of Buyers
The mining giant, which long kept prices above market rates to avoid hurting overall sentiment, made sweeping price cuts and reduced its handpicked group of buyers to funnel gems to its strongest customers.
Retail
Primark Sales Fall as AB Foods Prepares to Split Off Chain
Associated British Foods Plc said sales at the budget fashion chain dropped in the quarter as the war in Iran dented consumer confidence.
Primark Sales Fall as AB Foods Prepares to Split Off Chain
Associated British Foods Plc said sales at the budget fashion chain dropped in the quarter as the war in Iran dented consumer confidence.
Sports
Nike Edges Past Quarterly Revenue Estimates
The sportswear company reported fourth-quarter revenue of $10.97 billion, compared with analysts’ average estimate of $10.86 billion.
Nike Edges Past Quarterly Revenue Estimates
The sportswear company reported fourth-quarter revenue of $10.97 billion, compared with analysts’ average estimate of $10.86 billion.
Retail
Zalando Probed by German Regulator Over Disclosure Issue
Germany’s financial regulator is investigating Zalando after it failed to note in its annual report that Danish billionaire and biggest shareholder Anders Holch Povlsen also held a stake in a company it bought last year.
Zalando Probed by German Regulator Over Disclosure Issue
Germany’s financial regulator is investigating Zalando after it failed to note in its annual report that Danish billionaire and biggest shareholder Anders Holch Povlsen also held a stake in a company it bought last year.
Retail
Opinion: Amazon Should Share the Wealth of Its Prime Day Data
Simply repeating last year’s comment — that Prime Day was the biggest ever, generating record sales — won’t cut it, argues Andrea Felsted.
Opinion: Amazon Should Share the Wealth of Its Prime Day Data
Simply repeating last year’s comment — that Prime Day was the biggest ever, generating record sales — won’t cut it, argues Andrea Felsted.
Retail
Birkenstock Readies First Bond Deal in Five Years for Buybacks
The German footwear maker is seeking to replace existing debt and is set to raise €900 million from the sale, according to a person with knowledge of the matter.
Birkenstock Readies First Bond Deal in Five Years for Buybacks
The German footwear maker is seeking to replace existing debt and is set to raise €900 million from the sale, according to a person with knowledge of the matter.
Retail
Victoria’s Secret Shareholder Wages High-Stakes Campaign to Oust Chair
Billionaire Brett Blundy, whose investment firm is the lingerie brand’s second biggest shareholder, is waging a campaign to oust the long-term chair, setting up a showdown at the company’s annual meeting on Thursday.
Victoria’s Secret Shareholder Wages High-Stakes Campaign to Oust Chair
Billionaire Brett Blundy, whose investment firm is the lingerie brand’s second biggest shareholder, is waging a campaign to oust the long-term chair, setting up a showdown at the company’s annual meeting on Thursday.
Retail
Lululemon Trims Outlook, Adding Pressure Ahead of New CEO
The weak guidance adds to pressure on Lululemon’s management, which is contending with increased competition from upstart brands and product issues.
Lululemon Trims Outlook, Adding Pressure Ahead of New CEO
The weak guidance adds to pressure on Lululemon’s management, which is contending with increased competition from upstart brands and product issues.
Retail
Macy’s Raises Annual Forecast as Luxury Focus Draws Affluent Shoppers
The US retailer posted its first quarterly sales growth in nearly four years, driven by strong demand for high-end products at its Bloomingdale’s and Bluemercury stores.
Macy’s Raises Annual Forecast as Luxury Focus Draws Affluent Shoppers
The US retailer posted its first quarterly sales growth in nearly four years, driven by strong demand for high-end products at its Bloomingdale’s and Bluemercury stores.
Retail
Zara Owner Inditex Defies Consumer Gloom With Strong Sales
The retailer handily beat analyst expectations, even as inflation worries stemming from the Middle East crisis dent consumer confidence.
Zara Owner Inditex Defies Consumer Gloom With Strong Sales
The retailer handily beat analyst expectations, even as inflation worries stemming from the Middle East crisis dent consumer confidence.
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.