Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
finance
Financial Markets
Adidas Comeback on North America Sales Jump
Adidas reported a 26 percent rise in North American sales, underscoring a comeback that has seen the athletic-shoe maker reclaim market share in the US from Nike Inc.
Adidas Comeback on North America Sales Jump
Adidas reported a 26 percent rise in North American sales, underscoring a comeback that has seen the athletic-shoe maker reclaim market share in the US from Nike Inc.
Financial Markets
Falling Tourism Prompts Kate Spade Forecast Cut
A dearth of tourists to the US — put off visiting by the strong dollar — has slowed foot traffic, forcing the company to mark down merchandise.
Falling Tourism Prompts Kate Spade Forecast Cut
A dearth of tourists to the US — put off visiting by the strong dollar — has slowed foot traffic, forcing the company to mark down merchandise.
Financial Markets
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Financial Markets
Macy’s, Kohl’s Fall on Concern About Slow Department-Store Sales
Shares of Macy’s, Nordstrom and Kohl’s fell after reports about weak summer sales reignited fears of a department-store slump.
Macy’s, Kohl’s Fall on Concern About Slow Department-Store Sales
Shares of Macy’s, Nordstrom and Kohl’s fell after reports about weak summer sales reignited fears of a department-store slump.
Financial Markets
L’Oréal Sales Miss Analyst Estimates on Western Europe Slowdown
L’Oréal reported second-quarter sales that missed analysts’ estimates as rising demand for its beauty products in North America was offset by worsening conditions in its home market of France.
L’Oréal Sales Miss Analyst Estimates on Western Europe Slowdown
L’Oréal reported second-quarter sales that missed analysts’ estimates as rising demand for its beauty products in North America was offset by worsening conditions in its home market of France.
Financial Markets
Gucci Turnaround Buoys Kering
French luxury-goods maker Kering reported first-half earnings that beat analysts’ estimates on rising demand for Gucci and Yves Saint Laurent, helping it shrug off lower tourism in Europe.
Gucci Turnaround Buoys Kering
French luxury-goods maker Kering reported first-half earnings that beat analysts’ estimates on rising demand for Gucci and Yves Saint Laurent, helping it shrug off lower tourism in Europe.
Financial Markets
Adidas Raises Full-Year Forecast Amid Boost From Chelsea Payment
Adidas increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament and it pocketed a payment to end a sponsorship deal with England’s Chelsea soccer club early.
Adidas Raises Full-Year Forecast Amid Boost From Chelsea Payment
Adidas increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament and it pocketed a payment to end a sponsorship deal with England’s Chelsea soccer club early.
Financial Markets
Puma Earnings Beat Analysts’ Estimates on Soccer and Women’s Shoes
Puma reported second-quarter profit that topped analysts’ estimates as the German sneaker maker got a lift from Europe’s soccer championships and a focus on the women’s market.
Puma Earnings Beat Analysts’ Estimates on Soccer and Women’s Shoes
Puma reported second-quarter profit that topped analysts’ estimates as the German sneaker maker got a lift from Europe’s soccer championships and a focus on the women’s market.
Financial Markets
LVMH Profit Meets Estimates Despite French Tourist Slump
LVMH Moet Hennessy Louis Vuitton SE reported first-half profit in line with analyst estimates as lower tourism flows to France offset stronger demand for its wines and spirits.
LVMH Profit Meets Estimates Despite French Tourist Slump
LVMH Moet Hennessy Louis Vuitton SE reported first-half profit in line with analyst estimates as lower tourism flows to France offset stronger demand for its wines and spirits.
Financial Markets
Under Armour Earnings Fall 57 Percent as It Expands Beyond Apparel
Under Armour's second-quarter profit fell 57 percent as the sporting-goods maker took a hit from the bankruptcy of one of its largest customers and increased spending to fuel its sales growth.
Under Armour Earnings Fall 57 Percent as It Expands Beyond Apparel
Under Armour's second-quarter profit fell 57 percent as the sporting-goods maker took a hit from the bankruptcy of one of its largest customers and increased spending to fuel its sales growth.
Financial Markets
Nike CEO’s Pay Almost Triples to $47.6 Million With Stock Award
Nike awarded chief executive officer Mark Parker $47.6 million in compensation for fiscal 2016, almost triple the level of the previous year, after stock grants buoyed his pay.
Nike CEO’s Pay Almost Triples to $47.6 Million With Stock Award
Nike awarded chief executive officer Mark Parker $47.6 million in compensation for fiscal 2016, almost triple the level of the previous year, after stock grants buoyed his pay.
Financial Markets
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
The News in Brief
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
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.
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.