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.
legal
Retail
Adidas Retracts Opposition to Black Lives Matter Three-Stripe Design
“Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation’s trademark application as soon as possible,” the company said in a statement, without giving a reason for the decision.
Adidas Retracts Opposition to Black Lives Matter Three-Stripe Design
“Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation’s trademark application as soon as possible,” the company said in a statement, without giving a reason for the decision.
Marketing
US House Speaker Says Lawmakers to Move Forward With TikTok Bill
House of Representatives Speaker Kevin McCarthy said on Sunday lawmakers will move forward with legislation to address national security worries about TikTok
US House Speaker Says Lawmakers to Move Forward With TikTok Bill
House of Representatives Speaker Kevin McCarthy said on Sunday lawmakers will move forward with legislation to address national security worries about TikTok
Technology
TikTok’s Next Stop Is US Courts as CEO Falls Flat
TikTok chief executive officer Shou Chew’s attempts to win over Congressional lawmakers Thursday failed. But the more crucial fight to prevent the short-video app from being punished or banned is likely to play out in the US legal system.
TikTok’s Next Stop Is US Courts as CEO Falls Flat
TikTok chief executive officer Shou Chew’s attempts to win over Congressional lawmakers Thursday failed. But the more crucial fight to prevent the short-video app from being punished or banned is likely to play out in the US legal system.
Technology
Six More Senators Back Bill to Give Biden New Powers to Ban TikTok
Six more U.S. senators on Friday backed bipartisan legislation to give President Joe Biden new powers to ban Chinese-owned video app TikTok on national security grounds as the Chinese company ramped up efforts to get its story heard in Washington before an important hearing next week.
Six More Senators Back Bill to Give Biden New Powers to Ban TikTok
Six more U.S. senators on Friday backed bipartisan legislation to give President Joe Biden new powers to ban Chinese-owned video app TikTok on national security grounds as the Chinese company ramped up efforts to get its story heard in Washington before an important hearing next week.
Beauty
Fragrance Firms Hit in Europe Suspected of Scent Supply Cartel
Fragrance firms across Europe risk potentially hefty fines after prosecutor raids over concerns companies including Givaudan SA and Symrise AG colluded over price to supply scents and ingredients.
Fragrance Firms Hit in Europe Suspected of Scent Supply Cartel
Fragrance firms across Europe risk potentially hefty fines after prosecutor raids over concerns companies including Givaudan SA and Symrise AG colluded over price to supply scents and ingredients.
Beauty
Olaplex Expects Net Sales to Fall 15 Percent in 2023
CEO JuE Wong called 2023 a “reset” year for the company, after fourth-quarter sales fell 21 percent year-over-year to $130 million.
Olaplex Expects Net Sales to Fall 15 Percent in 2023
CEO JuE Wong called 2023 a “reset” year for the company, after fourth-quarter sales fell 21 percent year-over-year to $130 million.
Luxury
French Prosecutors Close Rape Investigation Into Former Elite Models Management Executive Gérald Marie
Marie was the subject of a criminal investigation spanning more than two years for a string of alleged sexual assault and rape offences that took place in the 1980s and 1990s.
French Prosecutors Close Rape Investigation Into Former Elite Models Management Executive Gérald Marie
Marie was the subject of a criminal investigation spanning more than two years for a string of alleged sexual assault and rape offences that took place in the 1980s and 1990s.
Beauty
Olaplex Customers Claim Hair Loss, Scalp Injuries in Lawsuit
The complaint filed Thursday accuses Olaplex of making false statements, including that its offerings restore damaged hair and provide the “ultimate breakage insurance.”
Olaplex Customers Claim Hair Loss, Scalp Injuries in Lawsuit
The complaint filed Thursday accuses Olaplex of making false statements, including that its offerings restore damaged hair and provide the “ultimate breakage insurance.”
Sustainability
US Senators Ask Shein About Forced Labour Concerns for Cotton
In a letter dated Thursday, Republican Bill Cassidy of Louisiana and Democrats Elizabeth Warren of Massachusetts and Sheldon Whitehouse of Rhode Island sought details about the company’s procurement process and its links to Xinjiang, a region of China whose products are banned for import into the US by federal law.
US Senators Ask Shein About Forced Labour Concerns for Cotton
In a letter dated Thursday, Republican Bill Cassidy of Louisiana and Democrats Elizabeth Warren of Massachusetts and Sheldon Whitehouse of Rhode Island sought details about the company’s procurement process and its links to Xinjiang, a region of China whose products are banned for import into the US by federal law.
Sustainability
Fashion Is Spending More to Shape Regulation
Over the last decade, the industry has ratcheted up its spending on lobbying efforts in the US. Now, emerging sustainability regulations are drawing increased attention.
Fashion Is Spending More to Shape Regulation
Over the last decade, the industry has ratcheted up its spending on lobbying efforts in the US. Now, emerging sustainability regulations are drawing increased attention.
Workplace & Talent
Explainer: The Myths and Realities of Retail Crime
The impact of losses caused by shoplifting is complicated, and numbers alone don’t tell the whole story — the consequences can reach everything from employee morale to customer experience.
Explainer: The Myths and Realities of Retail Crime
The impact of losses caused by shoplifting is complicated, and numbers alone don’t tell the whole story — the consequences can reach everything from employee morale to customer experience.
Retail
Adidas Loses Trademark Case Against Thom Browne
Jurors found that the menswear designer’s use of parallel lines did not infringe upon Adidas’ three-stripe trademark and cause confusion among consumers.
Adidas Loses Trademark Case Against Thom Browne
Jurors found that the menswear designer’s use of parallel lines did not infringe upon Adidas’ three-stripe trademark and cause confusion among consumers.
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.