L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
finance
Financial Markets
Mideast Online Retailer Souq.com Raises $275 Million from Investors
Souq.com has raised $275 million from a funding round with investors to support its future growth, in the largest-ever fundraising in the Middle East's e-commerce space.
Mideast Online Retailer Souq.com Raises $275 Million from Investors
Souq.com has raised $275 million from a funding round with investors to support its future growth, in the largest-ever fundraising in the Middle East's e-commerce space.
Financial Markets
India’s Flipkart Sees Value Cut 27 Percent Amid Startup Shakeout
Indian e-commerce company Flipkart Pvt. had its valuation slashed by a Morgan Stanley fund amid concerns of a shakeout among venture-backed companies.
India’s Flipkart Sees Value Cut 27 Percent Amid Startup Shakeout
Indian e-commerce company Flipkart Pvt. had its valuation slashed by a Morgan Stanley fund amid concerns of a shakeout among venture-backed companies.
Financial Markets
Japan Recruits Fashion Maven to Tell Women About National Debt
Hiromi Sogo has spent three decades telling Japanese women what to wear as the editor of a string of successful fashion titles. Her new task is to try to interest them in a drier topic: fiscal policy.
Japan Recruits Fashion Maven to Tell Women About National Debt
Hiromi Sogo has spent three decades telling Japanese women what to wear as the editor of a string of successful fashion titles. Her new task is to try to interest them in a drier topic: fiscal policy.
Financial Markets
Alibaba in Talks with Several Banks for up to $4 Billion Loan
Alibaba Group Holding Ltd is in talks with several banks to borrow up to $4 billion to fund expansion plans, including acquisitions, according to people familiar with the matter.
Alibaba in Talks with Several Banks for up to $4 Billion Loan
Alibaba Group Holding Ltd is in talks with several banks to borrow up to $4 billion to fund expansion plans, including acquisitions, according to people familiar with the matter.
Financial Markets
J.C. Penney's Quarterly Sales Rise Due to Higher Home, Sephora Sales
J.C. Penney Co Inc reported a better-than-expected quarterly revenue, helped by strong sales at it its Home, Sephora, Footwear and Handbags divisions.
J.C. Penney's Quarterly Sales Rise Due to Higher Home, Sephora Sales
J.C. Penney Co Inc reported a better-than-expected quarterly revenue, helped by strong sales at it its Home, Sephora, Footwear and Handbags divisions.
Financial Markets
Gap Profit Forecast Trails Some Estimates Amid Turnaround Effort
Gap Inc. forecast profit this year that trailed some analysts’ estimates as the company tries to revive sales.
Gap Profit Forecast Trails Some Estimates Amid Turnaround Effort
Gap Inc. forecast profit this year that trailed some analysts’ estimates as the company tries to revive sales.
Financial Markets
L Brands Beats Street 4Q Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $636 million. The results surpassed Wall Street expectations.
L Brands Beats Street 4Q Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $636 million. The results surpassed Wall Street expectations.
Financial Markets
Target Trades Profit for Sales Growth in Holiday-Season Gambit
Target Corp. posted holiday sales growth that topped analysts’ estimates, boosted by a surge in online orders, though the retailer’s heavy reliance on discounts took a toll on profit during the season.
Target Trades Profit for Sales Growth in Holiday-Season Gambit
Target Corp. posted holiday sales growth that topped analysts’ estimates, boosted by a surge in online orders, though the retailer’s heavy reliance on discounts took a toll on profit during the season.
Financial Markets
Hugo Boss Plunges as Retailer Cuts Profit Outlook on US, China
Hugo Boss AG’s shares plunged after saying its profit will decline by at least 10 percent this year due to weaker-than-expected sales in the US and China.
Hugo Boss Plunges as Retailer Cuts Profit Outlook on US, China
Hugo Boss AG’s shares plunged after saying its profit will decline by at least 10 percent this year due to weaker-than-expected sales in the US and China.
Financial Markets
Macy’s Tops Estimates as Holiday Sales Fall Less Than Predicted
Macy’s Inc. posted fourth-quarter results that topped analysts’ estimates after sales declined less than projected.
Macy’s Tops Estimates as Holiday Sales Fall Less Than Predicted
Macy’s Inc. posted fourth-quarter results that topped analysts’ estimates after sales declined less than projected.
Financial Markets
Fitbit Forecasts Sales Below Estimates on Slow Rollout of Models
Fitbit Inc. forecast revenue in the current quarter that fell short of analysts’ estimates, saying the global introduction of their newest watches may push sales later into the year.
Fitbit Forecasts Sales Below Estimates on Slow Rollout of Models
Fitbit Inc. forecast revenue in the current quarter that fell short of analysts’ estimates, saying the global introduction of their newest watches may push sales later into the year.
Financial Markets
VF Corp. Falls After Fourth-Quarter Results Trail Estimates
VF Corp. slid in early trading after fourth-quarter profit and sales trailed analysts’ estimates, hurt by the sluggish consumer demand that’s taken a toll on retailers and apparel companies.
VF Corp. Falls After Fourth-Quarter Results Trail Estimates
VF Corp. slid in early trading after fourth-quarter profit and sales trailed analysts’ estimates, hurt by the sluggish consumer demand that’s taken a toll on retailers and apparel companies.
The News in Brief
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.