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
Global Markets
Trump, Modi Reach Trade Deal Slashing India Tariffs to 18%
Trump is also removing the extra 25 percent duty on Indian goods he applied in response to India’s purchases of crude from Russia, Bloomberg reported.
Trump, Modi Reach Trade Deal Slashing India Tariffs to 18%
Trump is also removing the extra 25 percent duty on Indian goods he applied in response to India’s purchases of crude from Russia, Bloomberg reported.
Luxury
Swatch Gives Upbeat Growth Outlook After Second-Half Rebound
The owner of Omega and Longines said positive sales momentum that accelerated over the fourth quarter continued in January across all price ranges, with CEO Nick Hayek flagging a pickup in China.
Swatch Gives Upbeat Growth Outlook After Second-Half Rebound
The owner of Omega and Longines said positive sales momentum that accelerated over the fourth quarter continued in January across all price ranges, with CEO Nick Hayek flagging a pickup in China.
Luxury
Swiss Watch Exports Return to Growth After US Eases Tariffs
Swiss watch exports grew 3.3 percent in December driven by a surge in shipments to the US following a reduction in tariffs.
Swiss Watch Exports Return to Growth After US Eases Tariffs
Swiss watch exports grew 3.3 percent in December driven by a surge in shipments to the US following a reduction in tariffs.
Global Markets
Africa’s Fashion Factories Pay for US Trade Limbo Over AGOA
Even if Washington moves to extend the duty-free trade deal for 32 African countries, letting it lapse in September has put factory jobs at risk and forced manufacturers to absorb new costs, weakening US sourcing ties across the region from Kenya to Madagascar.
Africa’s Fashion Factories Pay for US Trade Limbo Over AGOA
Even if Washington moves to extend the duty-free trade deal for 32 African countries, letting it lapse in September has put factory jobs at risk and forced manufacturers to absorb new costs, weakening US sourcing ties across the region from Kenya to Madagascar.
Global Markets
Worldview | Venezuela’s Fashion Retailers Return to ‘Business as Usual’
This week’s round-up of global markets fashion business news also features China’s plummeting footwear exports, Indonesian textiles and Chile’s department store giant.
Worldview | Venezuela’s Fashion Retailers Return to ‘Business as Usual’
This week’s round-up of global markets fashion business news also features China’s plummeting footwear exports, Indonesian textiles and Chile’s department store giant.
Global Markets
India and European Union Sign Free Trade Agreement
The deal is expected to ease market access for key European products, including cars and wine, in return for easier Indian exports of textiles, gems and pharmaceuticals.
India and European Union Sign Free Trade Agreement
The deal is expected to ease market access for key European products, including cars and wine, in return for easier Indian exports of textiles, gems and pharmaceuticals.
Retail
Trump’s Greenland U-Turn Is a Reminder That Fashion’s Only Constant Is Chaos
The US president briefly threatened new, punitive tariffs on eight European countries that opposed his designs on the Danish territory. The episode served as a warning that the industry needs to stop planning for a ‘new normal.’
Trump’s Greenland U-Turn Is a Reminder That Fashion’s Only Constant Is Chaos
The US president briefly threatened new, punitive tariffs on eight European countries that opposed his designs on the Danish territory. The episode served as a warning that the industry needs to stop planning for a ‘new normal.’
Global Markets
Trump Backs Off Greenland Tariffs, Citing ‘Framework’ Deal
The decision, which Trump announced Wednesday on social media, marks a stark reversal for a president who has repeatedly attempted to coerce Europe over Greenland.
Trump Backs Off Greenland Tariffs, Citing ‘Framework’ Deal
The decision, which Trump announced Wednesday on social media, marks a stark reversal for a president who has repeatedly attempted to coerce Europe over Greenland.
Retail
Tariffs Starting to Bump Up Product Prices, Amazon CEO Says
Amazon CEO Andy Jassy told CNBC product prices on the e-commerce platform are starting to rise as third-party sellers pass on higher costs caused by US tariffs.
Tariffs Starting to Bump Up Product Prices, Amazon CEO Says
Amazon CEO Andy Jassy told CNBC product prices on the e-commerce platform are starting to rise as third-party sellers pass on higher costs caused by US tariffs.
Luxury
De Beers Cuts Diamond Prices for the First Time in Over a Year
The diamond company has cut diamond prices to address slumping demand caused by a downturn in Chinese luxury spending, the rising popularity of synthetic stones and US tariffs on India.
De Beers Cuts Diamond Prices for the First Time in Over a Year
The diamond company has cut diamond prices to address slumping demand caused by a downturn in Chinese luxury spending, the rising popularity of synthetic stones and US tariffs on India.
Luxury
Luxury Stocks Hit Three-Month Low as Analysts Warn on Valuations
As Europe’s luxury-goods stocks get off to a shaky start to 2026, some analysts are warning that the sector’s recent rally has left valuations looking inflated.
Luxury Stocks Hit Three-Month Low as Analysts Warn on Valuations
As Europe’s luxury-goods stocks get off to a shaky start to 2026, some analysts are warning that the sector’s recent rally has left valuations looking inflated.
Retail
Trump Hits 8 European Countries With Tariffs As He Pursues Greenland
The US president announced a 10 percent tariff on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland in an escalation of the dispute over his desire to purchase Greenland.
Trump Hits 8 European Countries With Tariffs As He Pursues Greenland
The US president announced a 10 percent tariff on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland in an escalation of the dispute over his desire to purchase Greenland.
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.