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.
Real Estate
Latest News & Analysis
China
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
Retail
Madison Avenue Rent Plunges With Manhattan Retail Taking a Hit
The high-end shopping corridor, home to luxury brands and swanky boutiques, saw a 17 percent decline in rent in the third quarter.
Madison Avenue Rent Plunges With Manhattan Retail Taking a Hit
The high-end shopping corridor, home to luxury brands and swanky boutiques, saw a 17 percent decline in rent in the third quarter.
Retail
Impatient Landlords Say No Way to Giving Ascena a Break on Rent
The bankrupt owner of the Ann Taylor and Lane Bryant asked for a deferral in July, but a group of landlords argue it isn't reasonable because most of the company’s stores are operating despite the pandemic.
Impatient Landlords Say No Way to Giving Ascena a Break on Rent
The bankrupt owner of the Ann Taylor and Lane Bryant asked for a deferral in July, but a group of landlords argue it isn't reasonable because most of the company’s stores are operating despite the pandemic.
Retail
Why Fashion Brands and Their Retail Landlords Are Suing Each Other
After months of pandemic-inflicted shutdown, a legal battle over who’s responsible for rent was inevitable. The outcome for any of these cases will set a precedence for the whole industry.
Why Fashion Brands and Their Retail Landlords Are Suing Each Other
After months of pandemic-inflicted shutdown, a legal battle over who’s responsible for rent was inevitable. The outcome for any of these cases will set a precedence for the whole industry.
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Retail
UK Mall Landlords Worry About Rent Collection
Landlords face an existential threat as retailers collapse into bankruptcy with little sign of new operators looking to take their place.
UK Mall Landlords Worry About Rent Collection
Landlords face an existential threat as retailers collapse into bankruptcy with little sign of new operators looking to take their place.
Retail
British Government Suspends Commercial Evictions
The move comes after trade bodies wrote a letter to Chancellor Rishi Sunak seeking rental support.
British Government Suspends Commercial Evictions
The move comes after trade bodies wrote a letter to Chancellor Rishi Sunak seeking rental support.
Retail
What To Do About Rent
As the coronavirus pandemic continues, tenants and landlords are on a collision course over rent. But retailers may have the market advantage, real estate experts say.
What To Do About Rent
As the coronavirus pandemic continues, tenants and landlords are on a collision course over rent. But retailers may have the market advantage, real estate experts say.
Retail
Adidas Will Pay April Rent After Apologising
The German sports brand was blasted on social media last week for its decision to defer rental payments.
Adidas Will Pay April Rent After Apologising
The German sports brand was blasted on social media last week for its decision to defer rental payments.
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News & Analysis
Amazon Buying Lord & Taylor Building for $1.5 billion
"The Fifth Avenue landmark, which spans 11 stories and 660,000 square feet, will serve as Amazon’s New York City headquarters."
Amazon Buying Lord & Taylor Building for $1.5 billion
"The Fifth Avenue landmark, which spans 11 stories and 660,000 square feet, will serve as Amazon’s New York City headquarters."
Luxury
The Art Basel Crowd Discovers Miami’s New Neighborhood
Allapattah, near the Miami River, saw flashy events during the fair and is the home of two vast, new arts institutions. Both were built by real estate investors.
The Art Basel Crowd Discovers Miami’s New Neighborhood
Allapattah, near the Miami River, saw flashy events during the fair and is the home of two vast, new arts institutions. Both were built by real estate investors.
Retail
How Temporary Pop-Ups Became a Permanent Strategy
Once a way to temporarily fill vacant storefronts, landlords and brands alike see pop-ups as a long-term fixture in the retail landscape.
How Temporary Pop-Ups Became a Permanent Strategy
Once a way to temporarily fill vacant storefronts, landlords and brands alike see pop-ups as a long-term fixture in the retail landscape.
Retail
Saks Fifth Avenue's Flagship Store Loses More than Half Its Value
The building was recently appraised at $1.6 billion, dropping almost 60 percent from five years ago.
Saks Fifth Avenue's Flagship Store Loses More than Half Its Value
The building was recently appraised at $1.6 billion, dropping almost 60 percent from five years ago.
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.