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
SoftBank Proceeds From Alibaba Selldown Rise to $10 Billion
SoftBank Group Corp. has lifted the amount of money it will raise from selling down its stake in China’s Alibaba Group Holding Ltd. to $10 billion, after exercising an option to sell more shares through a trust.
SoftBank Proceeds From Alibaba Selldown Rise to $10 Billion
SoftBank Group Corp. has lifted the amount of money it will raise from selling down its stake in China’s Alibaba Group Holding Ltd. to $10 billion, after exercising an option to sell more shares through a trust.
Financial Markets
Alibaba Buys $2 Billion in Own Stock From Softbank
Alibaba agreed to buy $2 billion of its own stock from SoftBank Group Corp. at $74 a share, as part of SoftBank’s effort to monetise $8.9 billion of its stake in the Chinese e-commerce giant.
Alibaba Buys $2 Billion in Own Stock From Softbank
Alibaba agreed to buy $2 billion of its own stock from SoftBank Group Corp. at $74 a share, as part of SoftBank’s effort to monetise $8.9 billion of its stake in the Chinese e-commerce giant.
Financial Markets
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
Financial Markets
Vera Bradley Beats 1Q Profit Forecasts
Vera Bradley Inc. has reported fiscal first-quarter net income of $2.4 million, after reporting a loss in the same period a year earlier.
Vera Bradley Beats 1Q Profit Forecasts
Vera Bradley Inc. has reported fiscal first-quarter net income of $2.4 million, after reporting a loss in the same period a year earlier.
Financial Markets
G-III Apparel Beats 1Q Profit Forecasts
G-III Apparel Group Ltd. has reported fiscal first-quarter earnings of $2.8 million.
G-III Apparel Beats 1Q Profit Forecasts
G-III Apparel Group Ltd. has reported fiscal first-quarter earnings of $2.8 million.
Financial Markets
Top Alibaba Shareholder Softbank Plans to Sell $7.9 Billion in Stock
Japanese telecommunications and internet firm Softbank Group Corp has announced it will sell at least $7.9 billion of shares in Chinese e-commerce company Alibaba Group Holding Ltd in order to raise funds to reduce its debt.
Top Alibaba Shareholder Softbank Plans to Sell $7.9 Billion in Stock
Japanese telecommunications and internet firm Softbank Group Corp has announced it will sell at least $7.9 billion of shares in Chinese e-commerce company Alibaba Group Holding Ltd in order to raise funds to reduce its debt.
Financial Markets
PVH Jumps After Raising Full-Year Profit Forecast
PVH Corp., owner of the Calvin Klein and Tommy Hilfiger brands, jumped in late trading after raising its full-year profit forecast and reporting first-quarter earnings that beat analysts’ estimates.
PVH Jumps After Raising Full-Year Profit Forecast
PVH Corp., owner of the Calvin Klein and Tommy Hilfiger brands, jumped in late trading after raising its full-year profit forecast and reporting first-quarter earnings that beat analysts’ estimates.
Financial Markets
J. Crew’s Sales Fall as Chain Faces ‘Challenging’ Retail Climate
J. Crew Group Inc.’s same-store sales declined 7 percent last quarter, a sign the preppy-apparel chain is still struggling to win back shoppers.
J. Crew’s Sales Fall as Chain Faces ‘Challenging’ Retail Climate
J. Crew Group Inc.’s same-store sales declined 7 percent last quarter, a sign the preppy-apparel chain is still struggling to win back shoppers.
Financial Markets
Tiffany Reports 1Q Profit Drop on Soft Jewellery Market
Tiffany's first-quarter profit slid as consumers cut spending and the jeweller issued a pessimistic outlook, sending shares down sharply.
Tiffany Reports 1Q Profit Drop on Soft Jewellery Market
Tiffany's first-quarter profit slid as consumers cut spending and the jeweller issued a pessimistic outlook, sending shares down sharply.
Financial Markets
Alibaba Undergoing SEC Investigation Over Accounting Practices
Alibaba Group Holding Ltd. said it’s being investigated by the US Securities and Exchange Commission over its accounting practices and whether they violate federal laws.
Alibaba Undergoing SEC Investigation Over Accounting Practices
Alibaba Group Holding Ltd. said it’s being investigated by the US Securities and Exchange Commission over its accounting practices and whether they violate federal laws.
Financial Markets
Wal-Mart Surges After First-Quarter Profit Beats Estimates
The chain's US same-store sales rose faster than expected.
Wal-Mart Surges After First-Quarter Profit Beats Estimates
The chain's US same-store sales rose faster than expected.
Financial Markets
Burberry Lays Out Savings Plan as Annual Earnings Fall Again
Burberry Group Plc reported a second straight drop in annual earnings and announced plans to save £100 million ($144 million) a year as demand for the UK company’s luxury attire slows from New York to Nanjing.
Burberry Lays Out Savings Plan as Annual Earnings Fall Again
Burberry Group Plc reported a second straight drop in annual earnings and announced plans to save £100 million ($144 million) a year as demand for the UK company’s luxury attire slows from New York to Nanjing.
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.