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.
global-currents
Global Markets
Fashion Workers Left Destitute in India
By cancelling orders with Indian suppliers during the country’s chaotic lockdown, global brands are making impoverished workers even more vulnerable in a market where 60 million people depend on the fashion industry for their livelihood.
Fashion Workers Left Destitute in India
By cancelling orders with Indian suppliers during the country’s chaotic lockdown, global brands are making impoverished workers even more vulnerable in a market where 60 million people depend on the fashion industry for their livelihood.
Global Markets
How to Make Digital Fashion Weeks Work
When fashion weeks in Asia were called off, designers and organisers had to think on their feet and turned to livestreams to engage with their communities digitally. Here’s what worked and what didn’t.
How to Make Digital Fashion Weeks Work
When fashion weeks in Asia were called off, designers and organisers had to think on their feet and turned to livestreams to engage with their communities digitally. Here’s what worked and what didn’t.
China
'Revenge Buying' in China Won’t Save Luxury
While other countries have experienced panic buying of essentials during lockdown, China has been debating whether a decadent shopping spree known as 'revenge buying' will be unleashed after the pandemic.
'Revenge Buying' in China Won’t Save Luxury
While other countries have experienced panic buying of essentials during lockdown, China has been debating whether a decadent shopping spree known as 'revenge buying' will be unleashed after the pandemic.
Global Markets
The BoF Podcast: Luca Solca on ‘The Worst Year in the History of Modern Luxury’
BoF’s Imran Amed and the Bernstein analyst discuss what the sector should expect as coronavirus threatens sales and supply chains.
The BoF Podcast: Luca Solca on ‘The Worst Year in the History of Modern Luxury’
BoF’s Imran Amed and the Bernstein analyst discuss what the sector should expect as coronavirus threatens sales and supply chains.
Global Markets
Taiwan Is at a Crossroads. Here's Why Brands Should Care.
Tensions with Beijing have come into sharp focus ahead of Taiwan’s presidential election which takes place tomorrow. And there is a lot more at stake than first meets the eye.
Taiwan Is at a Crossroads. Here's Why Brands Should Care.
Tensions with Beijing have come into sharp focus ahead of Taiwan’s presidential election which takes place tomorrow. And there is a lot more at stake than first meets the eye.
Global Markets
‘Secret’ Indian Ateliers Keep Luxury Brands Buoyant
Hermès, Gucci, Prada and Christian Dior have all tapped ateliers in India to do exquisite handwork for the catwalk, but other luxury brands shroud their Indian connections in secrecy. Why?
‘Secret’ Indian Ateliers Keep Luxury Brands Buoyant
Hermès, Gucci, Prada and Christian Dior have all tapped ateliers in India to do exquisite handwork for the catwalk, but other luxury brands shroud their Indian connections in secrecy. Why?
Global Markets
Online Battle Heats Up in Latin America
Despite social unrest and a sluggish economy, Latin America’s fashion e-commerce sector is forecast to grow by more than 20 percent each year from 2019 to 2021. Here’s how to get in on the action.
Online Battle Heats Up in Latin America
Despite social unrest and a sluggish economy, Latin America’s fashion e-commerce sector is forecast to grow by more than 20 percent each year from 2019 to 2021. Here’s how to get in on the action.
Global Markets
Vietnam: Luxury’s Next Goldmine?
On the back of a deal with the EU, luxury goods will become more affordable in Vietnam. Are brands investing heavily enough in what is one of the fastest-growing economies in the world?
Vietnam: Luxury’s Next Goldmine?
On the back of a deal with the EU, luxury goods will become more affordable in Vietnam. Are brands investing heavily enough in what is one of the fastest-growing economies in the world?
China
Inside China's New Capitals of Content
'Influencer cities' from Chongqing to Wuhan are favourites for content creators and their followers, but there’s more at play beyond the geotags.
Inside China's New Capitals of Content
'Influencer cities' from Chongqing to Wuhan are favourites for content creators and their followers, but there’s more at play beyond the geotags.
China
How Hong Kong's Protest Uniform Changed a Market
In the wake of the city’s ongoing pro-democracy protests, an all-black look has become a polarising statement with wider repercussions in politics and retail.
How Hong Kong's Protest Uniform Changed a Market
In the wake of the city’s ongoing pro-democracy protests, an all-black look has become a polarising statement with wider repercussions in politics and retail.
Global Markets
The Future of Tokyo Fashion Week
After a transitional season with a new title sponsor, Japan’s biggest fashion event is gearing up for a revamp. Will it be enough?
The Future of Tokyo Fashion Week
After a transitional season with a new title sponsor, Japan’s biggest fashion event is gearing up for a revamp. Will it be enough?
China
Is Suburbia China’s Next Retail Gold Mine?
Beyond Shanghai’s downtown shopping meccas, suburban malls and mixed-use developments on the outskirts of the city present an exciting opportunity for brands like Calvin Klein, Nike and Sephora who have begun to put down roots here.
Is Suburbia China’s Next Retail Gold Mine?
Beyond Shanghai’s downtown shopping meccas, suburban malls and mixed-use developments on the outskirts of the city present an exciting opportunity for brands like Calvin Klein, Nike and Sephora who have begun to put down roots here.
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.