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.
management
Retail
Adidas CEO Says Top Team Now 'Ideal' After Management Shakeout
Chief executive Kasper Rorsted said his top team was now complete after the departure of two executives who served for years under his predecessor and the appointment of the first woman to the executive board since 1993.
Adidas CEO Says Top Team Now 'Ideal' After Management Shakeout
Chief executive Kasper Rorsted said his top team was now complete after the departure of two executives who served for years under his predecessor and the appointment of the first woman to the executive board since 1993.
Retail
Sears CEO Blames Company Woes on 'Irresponsible' Media
Sears warned investors in March there was a chance it may not be able to continue after years of losses and declining sales. Its CEO Edward Lampert blamed its woes on news coverage that he said had been "deliberately unfair."
Sears CEO Blames Company Woes on 'Irresponsible' Media
Sears warned investors in March there was a chance it may not be able to continue after years of losses and declining sales. Its CEO Edward Lampert blamed its woes on news coverage that he said had been "deliberately unfair."
Retail
Adidas Sells Golf Businesses to Focus on Core Brands
The world’s second largest sport apparel company said it is focusing on its core brands, having already announced its intention to sell the golf companies by 2016.
Adidas Sells Golf Businesses to Focus on Core Brands
The world’s second largest sport apparel company said it is focusing on its core brands, having already announced its intention to sell the golf companies by 2016.
Retail
Adidas Names New Head of Global Operations
The move is one of latest changes in the sportwear company's senior management since its new chief executive Kaspar Rorsted took over his role in October.
Adidas Names New Head of Global Operations
The move is one of latest changes in the sportwear company's senior management since its new chief executive Kaspar Rorsted took over his role in October.
Retail
M&S Names New Chairman to Bolster Turnaround Efforts
The appointment follows this week’s surprise announcement that Halfords Group Plc CEO Jill McDonald will take over as head of M&S’s struggling clothing business.
M&S Names New Chairman to Bolster Turnaround Efforts
The appointment follows this week’s surprise announcement that Halfords Group Plc CEO Jill McDonald will take over as head of M&S’s struggling clothing business.
Luxury
Burberry to Move 300 Roles Out of London Headquarters
The British luxury brand said its new office in Leeds would open in October and would help to consolidate back-office operations and cut costs.
Burberry to Move 300 Roles Out of London Headquarters
The British luxury brand said its new office in Leeds would open in October and would help to consolidate back-office operations and cut costs.
Luxury
Hugo Boss Profit Rises on Europe and Asia
The company is pinning its hopes of revival under the leadership of its new chief executive Mark Langer, who said the company will return to growth next year.
Hugo Boss Profit Rises on Europe and Asia
The company is pinning its hopes of revival under the leadership of its new chief executive Mark Langer, who said the company will return to growth next year.
News & Analysis
Urban Outfitters Board's 'Extreme Insularity' Blamed for Weak Performance
Union pension fund adviser CtW Investment Group on Monday urged Urban Outfitters Inc's investors to vote against two long-standing directors.
Urban Outfitters Board's 'Extreme Insularity' Blamed for Weak Performance
Union pension fund adviser CtW Investment Group on Monday urged Urban Outfitters Inc's investors to vote against two long-standing directors.
Luxury
Building a Luxury Group Isn't Easy
What separates industry titans like Kering and LVMH from failing luxury group contenders like JAB?
Building a Luxury Group Isn't Easy
What separates industry titans like Kering and LVMH from failing luxury group contenders like JAB?
News & Analysis
Jimmy Choo Owner JAB Puts Luxury Shoe Brands Up For Sale
JAB has expanded a push into non-luxury areas focusing on its growing food and coffee operations, while seeking to benefit from a rebound in sales of luxury footwear and accessories.
Jimmy Choo Owner JAB Puts Luxury Shoe Brands Up For Sale
JAB has expanded a push into non-luxury areas focusing on its growing food and coffee operations, while seeking to benefit from a rebound in sales of luxury footwear and accessories.
Retail
Wal-Mart Eliminates More Corporate Jobs
The company confirmed the latest round of job cuts, which will involve "hundreds" of positions in its international and technology businesses, along with its Sam's Club warehouse chain.
Wal-Mart Eliminates More Corporate Jobs
The company confirmed the latest round of job cuts, which will involve "hundreds" of positions in its international and technology businesses, along with its Sam's Club warehouse chain.
Retail
Coach Names Joshua Schulman Brand President and CEO
In the newly created role, the former Bergdorf Goodman president will be responsible for all aspects of the brand globally, reporting to Victor Luis, CEO of Coach Inc.
Coach Names Joshua Schulman Brand President and CEO
In the newly created role, the former Bergdorf Goodman president will be responsible for all aspects of the brand globally, reporting to Victor Luis, CEO of Coach Inc.
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.