Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
investing
Global Markets
Alibaba Investors Backpedal as China Slowdown Saps Sales Growth
Alibaba Group Holding Ltd. is beset by the slowest economic growth in 25 years and a domestic stock selloff that has shaken global investor confidence.
Alibaba Investors Backpedal as China Slowdown Saps Sales Growth
Alibaba Group Holding Ltd. is beset by the slowest economic growth in 25 years and a domestic stock selloff that has shaken global investor confidence.
Retail
Ascena Retail Closes on $2 Billion Acquisition of Ann
The Ascena Retail Group on Friday completed its approximately $2 billion acquisition of the owner of Ann Taylor and Loft.
Ascena Retail Closes on $2 Billion Acquisition of Ann
The Ascena Retail Group on Friday completed its approximately $2 billion acquisition of the owner of Ann Taylor and Loft.
Financial Markets
Amazon Lures Investors Back From Alibaba
China is no longer in vogue with e- commerce investors, as money returns to the U.S. and Amazon.com Inc. following a brief fling with Alibaba Group Holding Ltd. and its 367 million customers.
Amazon Lures Investors Back From Alibaba
China is no longer in vogue with e- commerce investors, as money returns to the U.S. and Amazon.com Inc. following a brief fling with Alibaba Group Holding Ltd. and its 367 million customers.
Financial Markets
Wal-Mart Buys Out China E-Retailer Yihaodian as Founders Leave
Wal-Mart Stores Inc. bought the remaining 49 percent stake it doesn’t already own in Yihaodian, a Chinese e- commerce company, a week after its founders left to start a new venture.
Wal-Mart Buys Out China E-Retailer Yihaodian as Founders Leave
Wal-Mart Stores Inc. bought the remaining 49 percent stake it doesn’t already own in Yihaodian, a Chinese e- commerce company, a week after its founders left to start a new venture.
Financial Markets
PayPal’s Debut Market Value Tops EBay’s as Investors Seek Growth
PayPal Holdings Inc. will make its stock debut with a market value almost 1.4 times that of EBay Inc. as investors bet on bigger returns from the digital payments business.
PayPal’s Debut Market Value Tops EBay’s as Investors Seek Growth
PayPal Holdings Inc. will make its stock debut with a market value almost 1.4 times that of EBay Inc. as investors bet on bigger returns from the digital payments business.
Global Markets
Alibaba Boosts Singapore Post Stake, Invest in E-Commerce Unit
Chinese e-commerce giant Alibaba Group Holding Ltd is investing about S$279 million ($205.98 million) to expand its holdings in Singapore Post Ltd and its e-commerce subsidiary
Alibaba Boosts Singapore Post Stake, Invest in E-Commerce Unit
Chinese e-commerce giant Alibaba Group Holding Ltd is investing about S$279 million ($205.98 million) to expand its holdings in Singapore Post Ltd and its e-commerce subsidiary
Financial Markets
Global Fashion Raises €150 Million, Valuing It at €3.1 Billion
Global Fashion Group has raised 150 million euros ($166.52 million) in funding, valuing the possible stock market flotation candidate at 3.1 billion euros ($3.45 billion).
Global Fashion Raises €150 Million, Valuing It at €3.1 Billion
Global Fashion Group has raised 150 million euros ($166.52 million) in funding, valuing the possible stock market flotation candidate at 3.1 billion euros ($3.45 billion).
Financial Markets
Alibaba Group in Talks to Buy Stake in India's Paytm
Chinese e-commerce giant Alibaba Group Holding Ltd is in advanced talks to invest in Indian online payment platform and e-commerce firm Paytm, two sources with knowledge of the matter said.
Alibaba Group in Talks to Buy Stake in India's Paytm
Chinese e-commerce giant Alibaba Group Holding Ltd is in advanced talks to invest in Indian online payment platform and e-commerce firm Paytm, two sources with knowledge of the matter said.
Financial Markets
Why Under Armour CEO’s Power Play Looks Like Bad Governance
Plank gladly accepted investors’ money when he took Under Armour public in 2005, but since then he’s maintained control through an increasingly complex setup of multiple stock classes.
Why Under Armour CEO’s Power Play Looks Like Bad Governance
Plank gladly accepted investors’ money when he took Under Armour public in 2005, but since then he’s maintained control through an increasingly complex setup of multiple stock classes.
Retail
Hudson’s Bay Said to Win Metro’s Kaufhof on $3.3 Billion Bid
Hudson’s Bay Co., the oldest company in Canada, has won the bidding for Metro AG’s Galeria Kaufhof department-store chain in Germany, according to people familiar with the matter.
Hudson’s Bay Said to Win Metro’s Kaufhof on $3.3 Billion Bid
Hudson’s Bay Co., the oldest company in Canada, has won the bidding for Metro AG’s Galeria Kaufhof department-store chain in Germany, according to people familiar with the matter.
Global Markets
Japan's Maverick Billionaire Invests Big Abroad
When Masayoshi Son placed a $20 million bet 15 years ago on Alibaba, plenty of peers considered it too risky a venture. Since then, Son's investment has paid out more than $70 billion, strengthening SoftBank and making him Japan's second richest man.
Japan's Maverick Billionaire Invests Big Abroad
When Masayoshi Son placed a $20 million bet 15 years ago on Alibaba, plenty of peers considered it too risky a venture. Since then, Son's investment has paid out more than $70 billion, strengthening SoftBank and making him Japan's second richest man.
Financial Markets
Softbank Invests $1B in South Korean Online Retailer Coupang
South Korean online shopping site Coupang has secured a $1 billion investment from Japanese Internet company Softbank Corp.
Softbank Invests $1B in South Korean Online Retailer Coupang
South Korean online shopping site Coupang has secured a $1 billion investment from Japanese Internet company Softbank Corp.
The News in Brief
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.