Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
tariff
Global Markets
Tariff Turmoil Hits Vulnerable Fashion Manufacturers in Southeast Asia
Looming ‘reciprocal’ US tariffs threaten the profitability of larger suppliers and the viability of smaller ones in countries like Vietnam, Cambodia and Indonesia where some factories already face cancelled orders and worker layoffs.
Tariff Turmoil Hits Vulnerable Fashion Manufacturers in Southeast Asia
Looming ‘reciprocal’ US tariffs threaten the profitability of larger suppliers and the viability of smaller ones in countries like Vietnam, Cambodia and Indonesia where some factories already face cancelled orders and worker layoffs.
Global Markets
Trump to Levy 25% Tariffs on Japan, South Korea in August
The 25 percent rates do not include any sectoral-specific tariffs that the Trump administration would separately implement on goods imported in key industries.
Trump to Levy 25% Tariffs on Japan, South Korea in August
The 25 percent rates do not include any sectoral-specific tariffs that the Trump administration would separately implement on goods imported in key industries.
Retail
Trump Sets August 1st Start for Tariffs Ahead of Wednesday Deadline
New trade deals and tariff warnings are set to be announced, with negotiations ongoing to avoid punitive measures on exports to the US.
Trump Sets August 1st Start for Tariffs Ahead of Wednesday Deadline
New trade deals and tariff warnings are set to be announced, with negotiations ongoing to avoid punitive measures on exports to the US.
Global Markets
US Close to Several Trade Deals, Bessent Says
Announcements are expected in the coming days ahead of a July 9 deadline for higher tariffs, according to the US Treasury Secretary.
US Close to Several Trade Deals, Bessent Says
Announcements are expected in the coming days ahead of a July 9 deadline for higher tariffs, according to the US Treasury Secretary.
Luxury
This Week: Paris Couture and Trump’s Tariffs
Both sides of fashion’s value equation will be put to the test in the coming days as couture houses flex their creative muscles and consumer prices hang in the balance pending trade deals between the US and major fashion manufacturing hubs.
This Week: Paris Couture and Trump’s Tariffs
Both sides of fashion’s value equation will be put to the test in the coming days as couture houses flex their creative muscles and consumer prices hang in the balance pending trade deals between the US and major fashion manufacturing hubs.
Retail
For Retailers, US-Vietnam Trade Deal Leaves Questions
New US tariffs on Vietnamese imports create uncertainty for sportswear and clothing retailers like Nike and Adidas.
For Retailers, US-Vietnam Trade Deal Leaves Questions
New US tariffs on Vietnamese imports create uncertainty for sportswear and clothing retailers like Nike and Adidas.
Luxury
Watches of Switzerland Warns US Tariffs to Weigh on Margin
The UK-based luxury watch retailer said its margin on earnings before interest and taxes risks slipping by as much as 100 basis points compared with the previous 12 months.
Watches of Switzerland Warns US Tariffs to Weigh on Margin
The UK-based luxury watch retailer said its margin on earnings before interest and taxes risks slipping by as much as 100 basis points compared with the previous 12 months.
Retail
Trump Announces Vietnam Trade Deal With 20% Import Tariff
President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.
Trump Announces Vietnam Trade Deal With 20% Import Tariff
President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.
Retail
US Prices for China-Made Goods on Amazon Rise Faster Than Inflation, Analysis Shows, as Tariffs Bite
The timing and rate of the price hikes suggest cost shocks are reverberating through the retail supply chain.
US Prices for China-Made Goods on Amazon Rise Faster Than Inflation, Analysis Shows, as Tariffs Bite
The timing and rate of the price hikes suggest cost shocks are reverberating through the retail supply chain.
Beauty
The ‘Silicon Valleys’ of Beauty Brace for Tariffs
From Seoul to Melbourne, new cities are emerging as frontrunners in the beauty start-up space. The independent brands created in these hubs are fast becoming hot acquisition targets, but understanding the limits of their global appeal is key.
The ‘Silicon Valleys’ of Beauty Brace for Tariffs
From Seoul to Melbourne, new cities are emerging as frontrunners in the beauty start-up space. The independent brands created in these hubs are fast becoming hot acquisition targets, but understanding the limits of their global appeal is key.
Retail
Inside Gap’s Last-Ditch, Tariff-Addled Turnaround Push
The iconic ’90s retailer was on the precipice of death for years. Richard Dickson finally had momentum for a comeback — then came Trump.
Inside Gap’s Last-Ditch, Tariff-Addled Turnaround Push
The iconic ’90s retailer was on the precipice of death for years. Richard Dickson finally had momentum for a comeback — then came Trump.
Beauty
Amazon’s Premium Beauty Push May Be a Buffer Against Trump’s Tariffs
The Seattle-based e-commerce company is betting that sales growth in its beauty category, which includes Estée Lauder’s Clinique, Olaplex and L’Oréal’s Urban Decay, will offset the impact of tariffs on its upcoming Prime Day event.
Amazon’s Premium Beauty Push May Be a Buffer Against Trump’s Tariffs
The Seattle-based e-commerce company is betting that sales growth in its beauty category, which includes Estée Lauder’s Clinique, Olaplex and L’Oréal’s Urban Decay, will offset the impact of tariffs on its upcoming Prime Day event.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.