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.
tariff
Beauty
E.l.f. Beauty, Lululemon Face High Cost of Price Transparency
Brands that publicly disclosed tariff-related price hikes are now facing class-action lawsuits from consumers.
E.l.f. Beauty, Lululemon Face High Cost of Price Transparency
Brands that publicly disclosed tariff-related price hikes are now facing class-action lawsuits from consumers.
Global Markets
Tariff Refund System Launches as Over 50,000 Companies File Claims
US Customs officials said as of April 9, an amount totalling $127 billion of refunds had been filed for, accounting for over three-quarters of the amount eligible for compensation.
Tariff Refund System Launches as Over 50,000 Companies File Claims
US Customs officials said as of April 9, an amount totalling $127 billion of refunds had been filed for, accounting for over three-quarters of the amount eligible for compensation.
Retail
US Tariff Refund Portal to Exclude One-Third of Imports at First
An online government portal will handle claims for about 63 percent of 53 million import entries at issue once it launches, according to a new court filing.
US Tariff Refund Portal to Exclude One-Third of Imports at First
An online government portal will handle claims for about 63 percent of 53 million import entries at issue once it launches, according to a new court filing.
Luxury
LVMH Shares Fell Most Ever in First Quarter on Luxury Slump
Shares of the luxury bellwether fell 28 percent in the first quarter as the war in the Middle East clouds the global economic outlook and intensifies demand headwinds for luxury goods.
LVMH Shares Fell Most Ever in First Quarter on Luxury Slump
Shares of the luxury bellwether fell 28 percent in the first quarter as the war in the Middle East clouds the global economic outlook and intensifies demand headwinds for luxury goods.
Luxury
Is the Luxury Watches Recovery on Hold Again?
In his latest bi-monthly briefing, watches expert Robin Swithinbank examines how the war in the Middle East is weighing on growth prospects and offers a preview of the sector’s flagship annual fair, Watches & Wonders.
Is the Luxury Watches Recovery on Hold Again?
In his latest bi-monthly briefing, watches expert Robin Swithinbank examines how the war in the Middle East is weighing on growth prospects and offers a preview of the sector’s flagship annual fair, Watches & Wonders.
Retail
Pandora Opens Distribution Centre in Canada to Reduce US Tariff Impact
The jewellery maker aims to to bypass US tariffs and better support growth in one of its fastest-expanding markets.
Pandora Opens Distribution Centre in Canada to Reduce US Tariff Impact
The jewellery maker aims to to bypass US tariffs and better support growth in one of its fastest-expanding markets.
Retail
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Retail
Tariff Refund Lawsuits Surge Amid Uncertainty About US Plans
The number of companies suing for tariff refunds has spiked recently, with the latest group including companies such as Prada and Adidas, in a sign importers aren’t confident in the plan to create a claims process.
Tariff Refund Lawsuits Surge Amid Uncertainty About US Plans
The number of companies suing for tariff refunds has spiked recently, with the latest group including companies such as Prada and Adidas, in a sign importers aren’t confident in the plan to create a claims process.
Luxury
Watch Exports Bounced Back in February Before War in Middle East
Swiss watch exports saw a 9.2 percent rise in February, driven by a strong rebound in the US market.
Watch Exports Bounced Back in February Before War in Middle East
Swiss watch exports saw a 9.2 percent rise in February, driven by a strong rebound in the US market.
Retail
Macy’s Issues ‘Prudent’ 2026 Guidance on Geopolitical Risks
The retailer issued a cautious full-year forecast for sales and profit despite strong performance at Bloomingdale’s, which has benefited from shoppers seeking alternatives to struggling rival Saks Global.
Macy’s Issues ‘Prudent’ 2026 Guidance on Geopolitical Risks
The retailer issued a cautious full-year forecast for sales and profit despite strong performance at Bloomingdale’s, which has benefited from shoppers seeking alternatives to struggling rival Saks Global.
Global Markets
Worldview | Gulf Retailers Brace for Downturn as War Drags On
This week’s round-up of global markets fashion business news also features Turkish textiles giant Sanko, Chow Tai Fook and Buenos Aires Fashion Week.
Worldview | Gulf Retailers Brace for Downturn as War Drags On
This week’s round-up of global markets fashion business news also features Turkish textiles giant Sanko, Chow Tai Fook and Buenos Aires Fashion Week.
Retail
Hugo Boss Profit, Sales Beat Estimates Amid Turnaround Effort
The German designer brand reported better-than-expected fourth-quarter results driven by its strategy to close stores and revamp its offerings.
Hugo Boss Profit, Sales Beat Estimates Amid Turnaround Effort
The German designer brand reported better-than-expected fourth-quarter results driven by its strategy to close stores and revamp its offerings.
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.