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.
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Latest News & Analysis
Financial Markets
Report: Alibaba Weighs Raising $20 Billion Through Second Listing
The e-commerce giant, which is currently listed on the New York Stock Exchange, is working with financial advisers on the planned offering in Hong Kong, according to sources familiar with the matter.
Report: Alibaba Weighs Raising $20 Billion Through Second Listing
The e-commerce giant, which is currently listed on the New York Stock Exchange, is working with financial advisers on the planned offering in Hong Kong, according to sources familiar with the matter.
Global Markets
Big Modi Victory Pushes Indian Stocks to Best Week in Two Months
As Prime Minister Narendra Modi cruised to his second successive landslide victory, Indian equities climbed, sending key gauges to their best weekly gains in more than two months.
Big Modi Victory Pushes Indian Stocks to Best Week in Two Months
As Prime Minister Narendra Modi cruised to his second successive landslide victory, Indian equities climbed, sending key gauges to their best weekly gains in more than two months.
News & Analysis
JD.com Is Having Its Best Day in Four Months
Many investors anticipated a strong report, but JD’s forecast for a re-acceleration of revenue growth was better than expected and indicates “strong business momentum.”
JD.com Is Having Its Best Day in Four Months
Many investors anticipated a strong report, but JD’s forecast for a re-acceleration of revenue growth was better than expected and indicates “strong business momentum.”
Financial Markets
L'Oréal Shares Rise After First-Quarter Sales Beat Forecasts
Sales rose 11.4 percent to €7.6 billion, pushing stock up around 1.5 percent, among the biggest gains on Paris' index.
L'Oréal Shares Rise After First-Quarter Sales Beat Forecasts
Sales rose 11.4 percent to €7.6 billion, pushing stock up around 1.5 percent, among the biggest gains on Paris' index.
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Financial Markets
The BoF Podcast: StockX Co-Founder on Expanding from Streetwear to Luxury
The co-founder of the online sneaker marketplace explains why luxury is the perfect new frontier for expansion beyond footwear and streetwear.
The BoF Podcast: StockX Co-Founder on Expanding from Streetwear to Luxury
The co-founder of the online sneaker marketplace explains why luxury is the perfect new frontier for expansion beyond footwear and streetwear.
Financial Markets
Under Armour Climbs as Citigroup Raises Rating
The sports retailer's stock rose 3.8 percent after Citigroup raised its rating from 'neutral' to 'buy.'
Under Armour Climbs as Citigroup Raises Rating
The sports retailer's stock rose 3.8 percent after Citigroup raised its rating from 'neutral' to 'buy.'
Financial Markets
Levi Strauss Stock Jumps as Earnings Growth Impresses
The company's first earnings report since IPO last month sent stock up 7 percent to over $23 a piece, nearly a record high.
Levi Strauss Stock Jumps as Earnings Growth Impresses
The company's first earnings report since IPO last month sent stock up 7 percent to over $23 a piece, nearly a record high.
Financial Markets
Pinterest Seeks up to $1.28 Billion in IPO
In its last private funding round in 2017, the digital scrapbook raised $150 million for a total valuation of about $12.3 billion.
Pinterest Seeks up to $1.28 Billion in IPO
In its last private funding round in 2017, the digital scrapbook raised $150 million for a total valuation of about $12.3 billion.
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Financial Markets
Levi Strauss Shares Surge 31 Percent in Return to Stock Market
The 165-year-old company's return to the public market comes at a time when stocks are near all-time highs and the popularity of denim is surging.
Levi Strauss Shares Surge 31 Percent in Return to Stock Market
The 165-year-old company's return to the public market comes at a time when stocks are near all-time highs and the popularity of denim is surging.
Financial Markets
Levi Strauss Valued at $6.6 Billion as IPO Tops Target
Set to debut on the NYSE Thursday, Levi's sold $623.3 million in shares in its IPO with shares priced at $17, above the target range of $14 to $16.
Levi Strauss Valued at $6.6 Billion as IPO Tops Target
Set to debut on the NYSE Thursday, Levi's sold $623.3 million in shares in its IPO with shares priced at $17, above the target range of $14 to $16.
Financial Markets
French Investment Group Sells Stake in Moncler
Eurazeo has sold its entire 4.8 percent stake of Moncler's share capital for around €445 million.
French Investment Group Sells Stake in Moncler
Eurazeo has sold its entire 4.8 percent stake of Moncler's share capital for around €445 million.
China
Prada Shares Tumble as China Slowdown Hits Profits
The company’s operating profit fell 10 percent to €323.8 million, shares slumped 7.2 percent in early Hong Kong trading and the stock has dropped about 35 percent in the past year.
Prada Shares Tumble as China Slowdown Hits Profits
The company’s operating profit fell 10 percent to €323.8 million, shares slumped 7.2 percent in early Hong Kong trading and the stock has dropped about 35 percent in the past year.
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.