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.
regulation
Beauty
India Probes Fragrance Giants Over Deals Not to Poach Workers
India's antitrust watchdog is investigating global fragrance makers Givaudan, Firmenich and International Flavors & Fragrances over accusations of striking anti-poaching deals that can harm workers, regulatory documents show.
India Probes Fragrance Giants Over Deals Not to Poach Workers
India's antitrust watchdog is investigating global fragrance makers Givaudan, Firmenich and International Flavors & Fragrances over accusations of striking anti-poaching deals that can harm workers, regulatory documents show.
News & Analysis
Trump Boosts New Tariff Rate to 15% a Day After Announcing 10%
The new announcement stirred up more economic turbulence as president Trump lashed out at the US Supreme Court.
Trump Boosts New Tariff Rate to 15% a Day After Announcing 10%
The new announcement stirred up more economic turbulence as president Trump lashed out at the US Supreme Court.
Retail
US Businesses Clamour for Refunds After Supreme Court Strikes Down Trump’s Tariffs
The US National Retail Federation, which represents a number of US retailers, from Walmart to small brands and manufacturers, called for a ‘seamless process to refund the tariffs to US importers.’
US Businesses Clamour for Refunds After Supreme Court Strikes Down Trump’s Tariffs
The US National Retail Federation, which represents a number of US retailers, from Walmart to small brands and manufacturers, called for a ‘seamless process to refund the tariffs to US importers.’
Retail
Luxury Retailer Ssense’s Founders Get Buyout Approval, Deal Closes
A founder-led buyout of the Canadian luxury fashion retailer was approved by the Quebec Superior Court, allowing the founding brothers to acquire the company out of bankruptcy despite objections from a group of lenders who sought liquidation.
Luxury Retailer Ssense’s Founders Get Buyout Approval, Deal Closes
A founder-led buyout of the Canadian luxury fashion retailer was approved by the Quebec Superior Court, allowing the founding brothers to acquire the company out of bankruptcy despite objections from a group of lenders who sought liquidation.
Retail
EU Probes Shein Over Sale of Illegal Products, Addictive Design
A formal investigation into the Chinese online retailer has been opened due to concerns over the sale of illegal products and the platform’s potentially addictive design.
EU Probes Shein Over Sale of Illegal Products, Addictive Design
A formal investigation into the Chinese online retailer has been opened due to concerns over the sale of illegal products and the platform’s potentially addictive design.
Technology
TikTok Hit by EU Ultimatum Over Addictive Design Dangers
The European Union has warned TikTok that it must redesign its platform to address addictive features or face substantial fines.
TikTok Hit by EU Ultimatum Over Addictive Design Dangers
The European Union has warned TikTok that it must redesign its platform to address addictive features or face substantial fines.
Sustainability
German Watchdog Says Shein Must Substantiate or Remove Net-Zero Claims
The ultra-fast fashion retailer says it has updated language on its website following engagement with the group.
German Watchdog Says Shein Must Substantiate or Remove Net-Zero Claims
The ultra-fast fashion retailer says it has updated language on its website following engagement with the group.
Sustainability
Copenhagen Fashion Week Defies the Sustainability Pullback
The event, now in its 20th year, made its name by embedding environmental responsibility into its structure. But as green initiatives slip down fashion’s corporate agenda, what does its future look like?
Copenhagen Fashion Week Defies the Sustainability Pullback
The event, now in its 20th year, made its name by embedding environmental responsibility into its structure. But as green initiatives slip down fashion’s corporate agenda, what does its future look like?
Technology
Explainer: How Fashion Brands Should Prepare for Mandatory Digital Product Passports
The deadline for every fashion item sold in the EU to have its own digital identity is inching closer. Brands need to get ready.
Explainer: How Fashion Brands Should Prepare for Mandatory Digital Product Passports
The deadline for every fashion item sold in the EU to have its own digital identity is inching closer. Brands need to get ready.
Beauty
US FDA to Limit Regulation of Health and Fitness Wearables
The US Food and Drug Administration said on Tuesday that it will limit regulation of wearable devices and software designed to support healthy lifestyles, issuing new guidance to clarify its regulatory approach.
US FDA to Limit Regulation of Health and Fitness Wearables
The US Food and Drug Administration said on Tuesday that it will limit regulation of wearable devices and software designed to support healthy lifestyles, issuing new guidance to clarify its regulatory approach.
Beauty
FDA Approves First GLP-1 Weight Loss Pill
Novo Nordisk’s Wegovy pill, the first weight-loss drug to win approval from the agency, is expected to launch in the US in early 2026.
FDA Approves First GLP-1 Weight Loss Pill
Novo Nordisk’s Wegovy pill, the first weight-loss drug to win approval from the agency, is expected to launch in the US in early 2026.
Sustainability
Fashion’s Climate Reckoning Is Just Getting Started
From dangerous heat on factory floors to flooding across sourcing hubs, climate risks are catching up with fashion’s supply chains. While new recycling initiatives attempt to scale to address the industry’s waste and emissions problem, easing regulation in Europe raises questions about the path forward heading into 2026.
Fashion’s Climate Reckoning Is Just Getting Started
From dangerous heat on factory floors to flooding across sourcing hubs, climate risks are catching up with fashion’s supply chains. While new recycling initiatives attempt to scale to address the industry’s waste and emissions problem, easing regulation in Europe raises questions about the path forward heading into 2026.
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.