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.
investing
Financial Markets
LVMH Takes Minority Stake in Gabriela Hearst
The investment in the nascent New York-based label was made by the conglomerate's venture arm.
LVMH Takes Minority Stake in Gabriela Hearst
The investment in the nascent New York-based label was made by the conglomerate's venture arm.
Luxury
Report: Trussardi Acquired by Quattro R
Trussardi’s founding family has sold the fashion house to investment fund Quattro R, according to a report published by Italian news site Pambianco.
Report: Trussardi Acquired by Quattro R
Trussardi’s founding family has sold the fashion house to investment fund Quattro R, according to a report published by Italian news site Pambianco.
Financial Markets
Report: Diesel Founder Interested in Roberto Cavalli
Renzo Rosso is interested in buying the luxury brand through his OTB holding company, according to Italian paper Il Sole 24 Ore.
Report: Diesel Founder Interested in Roberto Cavalli
Renzo Rosso is interested in buying the luxury brand through his OTB holding company, according to Italian paper Il Sole 24 Ore.
Financial Markets
LVMH-Backed Buyout Firm Invests in Top Chinese Gym Chain Will's
The transaction adds to the $84 billion of private equity deals announced this year involving Chinese targets.
LVMH-Backed Buyout Firm Invests in Top Chinese Gym Chain Will's
The transaction adds to the $84 billion of private equity deals announced this year involving Chinese targets.
China
China Stakes Fashion Claim in the Middle East
The Middle East is China's next new frontier in fashion, Burberry is rumoured to be eyeing a London-Shanghai stock link, and JD.com’s singles day student labour surfaces. Read China Decoded to make sense of the market.
China Stakes Fashion Claim in the Middle East
The Middle East is China's next new frontier in fashion, Burberry is rumoured to be eyeing a London-Shanghai stock link, and JD.com’s singles day student labour surfaces. Read China Decoded to make sense of the market.
Financial Markets
H&M Sentiment Shifts as Recent Gains Erase Year's Deep Losses
Gains of 36 percent have come on the back of better-than-expected sales data for the third quarter, as well as speculation that the company may soon become private.
H&M Sentiment Shifts as Recent Gains Erase Year's Deep Losses
Gains of 36 percent have come on the back of better-than-expected sales data for the third quarter, as well as speculation that the company may soon become private.
Financial Markets
Tory Burch Buys Back Stake
The American fashion brand is buying back Mexican private equity firm Tresalia Capital's minority stake in the business.
Tory Burch Buys Back Stake
The American fashion brand is buying back Mexican private equity firm Tresalia Capital's minority stake in the business.
Financial Markets
Walmart, Macy's Test Investors' Patience in Chasing After Amazon
Taking on Amazon — and its two-day delivery model — doesn’t come cheap, and shareholders are beginning to wonder if the heavy investments will be sustainable when demand inevitably subsides.
Walmart, Macy's Test Investors' Patience in Chasing After Amazon
Taking on Amazon — and its two-day delivery model — doesn’t come cheap, and shareholders are beginning to wonder if the heavy investments will be sustainable when demand inevitably subsides.
Financial Markets
China Industrial Output, Investment Beat Forecasts; Retail Sales Miss Expectations
Retail sales fell short of analysts' expectations, rising only 8.6 percent last month.
China Industrial Output, Investment Beat Forecasts; Retail Sales Miss Expectations
Retail sales fell short of analysts' expectations, rising only 8.6 percent last month.
Financial Markets
Franklin Templeton Taps Into Israel's $67 Billion Retail Market
The Israeli government has only recently allowed foreign firms to offer offshore products directly to investors.
Franklin Templeton Taps Into Israel's $67 Billion Retail Market
The Israeli government has only recently allowed foreign firms to offer offshore products directly to investors.
Financial Markets
Amazon Threat Is Spurring Money Managers to Invest in Underdogs
Fear of competition from the FAANGs can spur too much selling in less-exciting companies, despite their strong fundamentals.
Amazon Threat Is Spurring Money Managers to Invest in Underdogs
Fear of competition from the FAANGs can spur too much selling in less-exciting companies, despite their strong fundamentals.
Financial Markets
Influencers Are Investors Now, Too
As digital influencers gain more clout in the beauty and fashion industries, they’re trading their Instagram fame for equity in up-and-coming brands.
Influencers Are Investors Now, Too
As digital influencers gain more clout in the beauty and fashion industries, they’re trading their Instagram fame for equity in up-and-coming brands.
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.