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.
finance
Beauty
How Not To Ruin Your Brand Once You’ve Sold It
Is it possible to sell your brand without selling out? Sarah Brown talks to a group of key beauty founders about the new rules for navigating corporate waters and protecting your company — and yourself.
How Not To Ruin Your Brand Once You’ve Sold It
Is it possible to sell your brand without selling out? Sarah Brown talks to a group of key beauty founders about the new rules for navigating corporate waters and protecting your company — and yourself.
Financial Markets
Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales
The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.
Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales
The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.
Financial Markets
Luxury Recovery Tempered by Caution
First-half results provided further evidence of a luxury recovery, although caution over currency headwinds dampened investor enthusiasm.
Luxury Recovery Tempered by Caution
First-half results provided further evidence of a luxury recovery, although caution over currency headwinds dampened investor enthusiasm.
Financial Markets
Report: True Religion Denim Turns to Debt Restructuring Lawyers
Its financial struggles are due in part to consumer tastes shifting toward internet shopping and away from the brick-and-mortar shops and department stores where the company's jeans have been primarily sold.
Report: True Religion Denim Turns to Debt Restructuring Lawyers
Its financial struggles are due in part to consumer tastes shifting toward internet shopping and away from the brick-and-mortar shops and department stores where the company's jeans have been primarily sold.
Financial Markets
Luxury Makers’ Dubious Dividends Make Them Target for Shorts
Higher dividends at a handful of struggling posh-product makers are a luxury they may not be able to afford.
Luxury Makers’ Dubious Dividends Make Them Target for Shorts
Higher dividends at a handful of struggling posh-product makers are a luxury they may not be able to afford.
Financial Markets
Rocket Internet Shares Fall After Writing Down Value of Global Fashion Group
Rocket Internet shares fell the most in more than four months after a writedown of the value of online retailer Global Fashion Group contributed to a a first-half loss of €617 million ($690 million) at the startup factory.
Rocket Internet Shares Fall After Writing Down Value of Global Fashion Group
Rocket Internet shares fell the most in more than four months after a writedown of the value of online retailer Global Fashion Group contributed to a a first-half loss of €617 million ($690 million) at the startup factory.
Financial Markets
Lululemon 2Q Net Income Rises but Revenue Misses Estimates
Shares of Lululemon slipped in after-hours trading after the "athleisure" apparel maker's revenue missed Wall Street estimates in the second quarter.
Lululemon 2Q Net Income Rises but Revenue Misses Estimates
Shares of Lululemon slipped in after-hours trading after the "athleisure" apparel maker's revenue missed Wall Street estimates in the second quarter.
Financial Markets
Chico's Beats 2Q Profit Forecasts
Chico's FAS reported fiscal second-quarter net income of $23 million.
Chico's Beats 2Q Profit Forecasts
Chico's FAS reported fiscal second-quarter net income of $23 million.
Financial Markets
Coty Declines as Investors Wait for Post-P&G Deal Strategy
Coty Inc. shares fell the most in more than seven weeks after the company posted its second straight net loss and investors wait for more insight about its pending merger with Procter & Gamble Co.’s beauty brands.
Coty Declines as Investors Wait for Post-P&G Deal Strategy
Coty Inc. shares fell the most in more than seven weeks after the company posted its second straight net loss and investors wait for more insight about its pending merger with Procter & Gamble Co.’s beauty brands.
Financial Markets
JC Penney Reports Smaller Loss in 2Q as Sales Improve
JC Penney reported a smaller loss in the second quarter as the department store operator's sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store.
JC Penney Reports Smaller Loss in 2Q as Sales Improve
JC Penney reported a smaller loss in the second quarter as the department store operator's sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store.
Financial Markets
Michael Kors Provides Cautious Forecast After First-Quarter Beat
Michael Kors provided a cautious forecast for earnings and sales this year, reflecting a turbulent market for luxury goods.
Michael Kors Provides Cautious Forecast After First-Quarter Beat
Michael Kors provided a cautious forecast for earnings and sales this year, reflecting a turbulent market for luxury goods.
Financial Markets
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
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.