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.
financial results
Latest News & Analysis
Retail
Lockdowns Hit Harrods’ Bottom Line
Sales and profit at the famed London department store plummeted in 2020 as a result of strict lockdown measures that forced its Knightsbridge location to close for much of the year, according to business accounts filed with the UK’s Companies House.
Lockdowns Hit Harrods’ Bottom Line
Sales and profit at the famed London department store plummeted in 2020 as a result of strict lockdown measures that forced its Knightsbridge location to close for much of the year, according to business accounts filed with the UK’s Companies House.
Retail
Zalando’s Profit Falls as In-Store Sales Rebound
It said there was a “fierce promotional environment” in many European markets, adding that unusually warm weather in September had kept a lid on demand for full-price fall/winter items and increased sales of discounted spring/summer fashion.
Zalando’s Profit Falls as In-Store Sales Rebound
It said there was a “fierce promotional environment” in many European markets, adding that unusually warm weather in September had kept a lid on demand for full-price fall/winter items and increased sales of discounted spring/summer fashion.
Financial Markets
Ralph Lauren Expands Market Share in Its Latest Quarter
The company has been slower than some of its peers to recover from the pandemic, which has squashed some of investors’ optimism going forward.
Ralph Lauren Expands Market Share in Its Latest Quarter
The company has been slower than some of its peers to recover from the pandemic, which has squashed some of investors’ optimism going forward.
Retail
Matchesfashion Suffers $50M Loss Over Pandemic Period
The luxury fashion retailer was hit hard by the adverse impacts of the pandemic, while Brexit added “additional cost and complexity,” according to business accounts filed with the UK’s Companies House.
Matchesfashion Suffers $50M Loss Over Pandemic Period
The luxury fashion retailer was hit hard by the adverse impacts of the pandemic, while Brexit added “additional cost and complexity,” according to business accounts filed with the UK’s Companies House.
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Financial Markets
Ermenegildo Zegna Group Sees Signs of Pandemic Recovery in H1
The Italian luxury group returned to profitability in the first half of 2021, after the pandemic sent sales plunging and pushed it into the red.
Ermenegildo Zegna Group Sees Signs of Pandemic Recovery in H1
The Italian luxury group returned to profitability in the first half of 2021, after the pandemic sent sales plunging and pushed it into the red.
Luxury
Victoria Beckham’s Sales Returned to Growth in 2019
The brand has yet to turn a profit after more than a decade in operation, but it was back on a growth trajectory ahead of the pandemic, according to accounts published Thursday.
Victoria Beckham’s Sales Returned to Growth in 2019
The brand has yet to turn a profit after more than a decade in operation, but it was back on a growth trajectory ahead of the pandemic, according to accounts published Thursday.
Retail
Matchesfashion Hit by £6 Million Loss in 2019 Ahead of Pandemic
The luxury e-commerce retailer reported a £5.9 million ($7.9 million) loss for the fiscal year ending 31 January 2020, just weeks before the pandemic
Matchesfashion Hit by £6 Million Loss in 2019 Ahead of Pandemic
The luxury e-commerce retailer reported a £5.9 million ($7.9 million) loss for the fiscal year ending 31 January 2020, just weeks before the pandemic
Retail
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
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Beauty
Estée Lauder Tops Estimates Thanks to China Demand and Online Boost
The M.A.C brand owner has seen growth in demand for its skincare products, while sales in the Asia-Pacific market increased 9 percent to $1.15 billion.
Estée Lauder Tops Estimates Thanks to China Demand and Online Boost
The M.A.C brand owner has seen growth in demand for its skincare products, while sales in the Asia-Pacific market increased 9 percent to $1.15 billion.
Retail
Boohoo Shoppers Undeterred by Scandal
The ultra-fast fashion company boosted its outlook as its core customer base appeared unfazed by reports of poor working conditions in its supply chain.
Boohoo Shoppers Undeterred by Scandal
The ultra-fast fashion company boosted its outlook as its core customer base appeared unfazed by reports of poor working conditions in its supply chain.
Luxury
All Eyes on Prada at Milan Fashion Week
This week, everyone will be talking about the first collection from co-designers Miuccia Prada and Raf Simons, Trump's TikTok ban and a new push to commit brands to improving conditions for garment workers. Get your BoF Professional Cheat Sheet.
All Eyes on Prada at Milan Fashion Week
This week, everyone will be talking about the first collection from co-designers Miuccia Prada and Raf Simons, Trump's TikTok ban and a new push to commit brands to improving conditions for garment workers. Get your BoF Professional Cheat Sheet.
Retail
H&M Third Quarter Profit Beats Estimates
The fast fashion retailer, which will publish its full quarterly report on October 1, reported pretax earnings of around $229 million.
H&M Third Quarter Profit Beats Estimates
The fast fashion retailer, which will publish its full quarterly report on October 1, reported pretax earnings of around $229 million.
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.