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
News & Analysis
US Supreme Court Overturns Trump’s Emergency Tariffs
The ruling strikes down the so-called ‘Liberation Day’ tariffs that sent a shockwave through the fashion industry and sets the stage for a rush of brands trying to recoup duties they’ve already paid.
US Supreme Court Overturns Trump’s Emergency Tariffs
The ruling strikes down the so-called ‘Liberation Day’ tariffs that sent a shockwave through the fashion industry and sets the stage for a rush of brands trying to recoup duties they’ve already paid.
Luxury
Swiss Watch Exports Resume Slump as US Rebound Proves Short Lived
Exports fell 3.6 percent in January, led by a decline in the most expensive precious metal watches and a slump in the US market.
Swiss Watch Exports Resume Slump as US Rebound Proves Short Lived
Exports fell 3.6 percent in January, led by a decline in the most expensive precious metal watches and a slump in the US market.
Global Markets
Worldview | How China’s Tariff Cuts Benefit African Fashion
This week’s round-up of global markets fashion business news also features M&A in Vietnam, Australian jewellers and Turkish textile giants in Latin America.
Worldview | How China’s Tariff Cuts Benefit African Fashion
This week’s round-up of global markets fashion business news also features M&A in Vietnam, Australian jewellers and Turkish textile giants in Latin America.
Global Markets
India Textiles to Get US Benefits Like Bangladesh, Official Says
Textile exports to the US will receive the same benefits Washington has extended to Bangladesh, Commerce and Industry Minister Piyush Goyal said on Thursday.
India Textiles to Get US Benefits Like Bangladesh, Official Says
Textile exports to the US will receive the same benefits Washington has extended to Bangladesh, Commerce and Industry Minister Piyush Goyal said on Thursday.
Global Markets
Worldview | Dubai Fashion Week Turns to Asian Talent
This week’s round-up of global markets fashion business news also features Chinese apparel giant Icicle, India’s gemstones and US trade deals with Haiti, El Salvador and Guatemala.
Worldview | Dubai Fashion Week Turns to Asian Talent
This week’s round-up of global markets fashion business news also features Chinese apparel giant Icicle, India’s gemstones and US trade deals with Haiti, El Salvador and Guatemala.
Global Markets
US Cuts Tariffs on Bangladesh Goods, Exempts Some Apparel
President Donald Trump will lower the country’s overall reciprocal tariff to 19 percent.
US Cuts Tariffs on Bangladesh Goods, Exempts Some Apparel
President Donald Trump will lower the country’s overall reciprocal tariff to 19 percent.
Global Markets
Ralph Lauren, Walmart Suppliers Among Winners in India-US Deal
Footwear manufacturers and apparel exporters emerged as major winners in the joint framework for an interim trade deal between the US and India.
Ralph Lauren, Walmart Suppliers Among Winners in India-US Deal
Footwear manufacturers and apparel exporters emerged as major winners in the joint framework for an interim trade deal between the US and India.
Beauty
French Beauty Exports Feel the Pain of Trump’s Tariffs
France’s exports to the US of signature products including champagne, perfume and cosmetics slumped at the end of last year, weighed by president Donald Trump’s tariffs and a weaker dollar.
French Beauty Exports Feel the Pain of Trump’s Tariffs
France’s exports to the US of signature products including champagne, perfume and cosmetics slumped at the end of last year, weighed by president Donald Trump’s tariffs and a weaker dollar.
Luxury
Is the Storm Blowing Over for Watchmakers? Yes and No
It’s a case of winners and losers for Swiss watchmakers, as the strongest brands shoot ahead, widening the gap with their smaller rivals, writes Robin Swithinbank. Plus, Rolex’s LIV Golf tie-up and The Honourable Merchants Group’s pause.
Is the Storm Blowing Over for Watchmakers? Yes and No
It’s a case of winners and losers for Swiss watchmakers, as the strongest brands shoot ahead, widening the gap with their smaller rivals, writes Robin Swithinbank. Plus, Rolex’s LIV Golf tie-up and The Honourable Merchants Group’s pause.
Global Markets
AGOA Extension Offers Temporary Reprieve for African Exporters to the US
US President Donald Trump signed legislation on Tuesday extending the lapsed US duty-free trade programme for 32 eligible African countries through Dec. 31.
AGOA Extension Offers Temporary Reprieve for African Exporters to the US
US President Donald Trump signed legislation on Tuesday extending the lapsed US duty-free trade programme for 32 eligible African countries through Dec. 31.
Luxury
Watches of Switzerland Group Boosts Outlook as Tariff Impact Eases
The top UK Rolex seller upgraded its annual sales outlook as demand for luxury timepieces rebounds, particularly in the US.
Watches of Switzerland Group Boosts Outlook as Tariff Impact Eases
The top UK Rolex seller upgraded its annual sales outlook as demand for luxury timepieces rebounds, particularly in the US.
Global Markets
Worldview | What India’s Trade Deals with US and EU Mean for Fashion
This week’s round-up of global markets fashion business news also features the next wave of Chinese luxury malls, Sri Lanka’s apparel exports and plans for Saudi Arabia’s new fashion district.
Worldview | What India’s Trade Deals with US and EU Mean for Fashion
This week’s round-up of global markets fashion business news also features the next wave of Chinese luxury malls, Sri Lanka’s apparel exports and plans for Saudi Arabia’s new fashion district.
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.