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.
Stock Markets
Latest News & Analysis
Retail
Report: Shein Executive Chairman to Step Down as IPO Nears Completion
Donald Tang, who has acted as the Western representative of secretive Shein founder Sky Xu, will transition to a senior adviser role.
Report: Shein Executive Chairman to Step Down as IPO Nears Completion
Donald Tang, who has acted as the Western representative of secretive Shein founder Sky Xu, will transition to a senior adviser role.
Retail
Shein Scheduled for IPO Hearing on Thursday, Sources Say
The ultra-fast fashion retailer is scheduled for a hearing with Hong Kong’s stock exchange on Thursday, according to two sources with knowledge of the matter.
Shein Scheduled for IPO Hearing on Thursday, Sources Say
The ultra-fast fashion retailer is scheduled for a hearing with Hong Kong’s stock exchange on Thursday, according to two sources with knowledge of the matter.
Retail
Shein Gets Approval for Hong Kong IPO
The e-commerce giant has received approval from a Chinese regulator to move ahead with its planned initial public offering in Hong Kong, capping a yearslong effort.
Shein Gets Approval for Hong Kong IPO
The e-commerce giant has received approval from a Chinese regulator to move ahead with its planned initial public offering in Hong Kong, capping a yearslong effort.
Sports
Nike Edges Past Quarterly Revenue Estimates
The sportswear company reported fourth-quarter revenue of $10.97 billion, compared with analysts’ average estimate of $10.86 billion.
Nike Edges Past Quarterly Revenue Estimates
The sportswear company reported fourth-quarter revenue of $10.97 billion, compared with analysts’ average estimate of $10.86 billion.
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Retail
Reformation Files for IPO, Touting 20 Straight Quarters of Double-Digit Growth
The direct-to-consumer pioneer is heading to Wall Street after surpassing $500 million in annual sales, betting investors will embrace a profitable premium fashion brand.
Reformation Files for IPO, Touting 20 Straight Quarters of Double-Digit Growth
The direct-to-consumer pioneer is heading to Wall Street after surpassing $500 million in annual sales, betting investors will embrace a profitable premium fashion brand.
Retail
Alo Yoga Primed for IPO After Sale of Its T-Shirt Business
The sale of Bella+Canvas, which has not closed yet, would give founders Danny Harris and Marco DeGeorge more flexibility and options for the Lululemon challenger.
Alo Yoga Primed for IPO After Sale of Its T-Shirt Business
The sale of Bella+Canvas, which has not closed yet, would give founders Danny Harris and Marco DeGeorge more flexibility and options for the Lululemon challenger.
Retail
Report: Reformation Eyes IPO This Summer
The womenswear label may file for an initial public offering as soon as next week, on track to go public in July, The Wall Street Journal reported.
Report: Reformation Eyes IPO This Summer
The womenswear label may file for an initial public offering as soon as next week, on track to go public in July, The Wall Street Journal reported.
Retail
Gap Shares Plummet After Retailer Lowers Sales Outlook
The company’s turnaround has been uneven, with Gap’s namesake brand having made the most progress while its athleisure chain Athleta continues to struggle.
Gap Shares Plummet After Retailer Lowers Sales Outlook
The company’s turnaround has been uneven, with Gap’s namesake brand having made the most progress while its athleisure chain Athleta continues to struggle.
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Sports
Under Armour Sees Another Weak Year as North America Struggles, Shares Slump
Founder Kevin Plank, who returned as CEO in 2024, outlined a plan that involved reducing about a fourth of the company's product lines and shifting to higher-priced items in sports categories.
Under Armour Sees Another Weak Year as North America Struggles, Shares Slump
Founder Kevin Plank, who returned as CEO in 2024, outlined a plan that involved reducing about a fourth of the company's product lines and shifting to higher-priced items in sports categories.
Technology
Allbirds Sinks as 582% AI Surge Comes to Screeching Halt
Shares of the firm, which announced plans to rebrand itself as NewBird AI, sank as much as 31 percent on Thursday.
Allbirds Sinks as 582% AI Surge Comes to Screeching Halt
Shares of the firm, which announced plans to rebrand itself as NewBird AI, sank as much as 31 percent on Thursday.
Retail
Groupe Dynamite Inc. Sees Shares Jump on Strong Outlook
Revenue for the Canadian parent company of Garage jumped by 45 percent from a year ago to $284 million in the period ended Jan. 31, beating analysts’ expectations.
Groupe Dynamite Inc. Sees Shares Jump on Strong Outlook
Revenue for the Canadian parent company of Garage jumped by 45 percent from a year ago to $284 million in the period ended Jan. 31, beating analysts’ expectations.
Luxury
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
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.