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
Luxury
Luxury Set for 2026 Revival but Shoppers ‘Betrayed’ by Pricing, Bain Says
The global luxury goods industry is likely to sell 3 percent to 5 percent more next year after stagnating in 2025.
Luxury Set for 2026 Revival but Shoppers ‘Betrayed’ by Pricing, Bain Says
The global luxury goods industry is likely to sell 3 percent to 5 percent more next year after stagnating in 2025.
Luxury
Swiss Watch Exports Fell Again in October Amid US Trade Tariffs
The drop marks the third month in a row that exports have fallen as US president Donald Trump’s tariffs continued to weigh on the industry.
Swiss Watch Exports Fell Again in October Amid US Trade Tariffs
The drop marks the third month in a row that exports have fallen as US president Donald Trump’s tariffs continued to weigh on the industry.
Luxury
Rolex Rejects Retail Push Amid Industry Upheaval
In a rare public appearance, CEO Jean-Frédéric Dufour reaffirmed the brand’s wholesale model and urged unity as Swiss watchmakers battle a market downturn.
Rolex Rejects Retail Push Amid Industry Upheaval
In a rare public appearance, CEO Jean-Frédéric Dufour reaffirmed the brand’s wholesale model and urged unity as Swiss watchmakers battle a market downturn.
Retail
TJ Maxx Owner Tops Expectations, Signalling More Frugal Shopper
TJX Cos. posted sales last quarter above estimates, suggesting that US shoppers are turning to cheaper options as the economy shows signs of stress.
TJ Maxx Owner Tops Expectations, Signalling More Frugal Shopper
TJX Cos. posted sales last quarter above estimates, suggesting that US shoppers are turning to cheaper options as the economy shows signs of stress.
Global Markets
Worldview | Japanese Retailers Hit by China Travel Warning
This week’s round-up of global markets fashion business news also features Indian jewellery exports, Nigerian e-tailer Jumia and Brazilian fashion giant Azzas 2154.
Worldview | Japanese Retailers Hit by China Travel Warning
This week’s round-up of global markets fashion business news also features Indian jewellery exports, Nigerian e-tailer Jumia and Brazilian fashion giant Azzas 2154.
Luxury
Swiss Government: US Tariffs Will be Reduced to 15%
The government thanked President Donald Trump for a constructive engagement in a post on X.
Swiss Government: US Tariffs Will be Reduced to 15%
The government thanked President Donald Trump for a constructive engagement in a post on X.
Retail
Brussels Wants to Accelerate Crackdown on Cheap Chinese Parcels
Brussels is proposing to accelerate the removal of the €150 ‘de minimis’ customs threshold for parcels entering the EU, mostly from China.
Brussels Wants to Accelerate Crackdown on Cheap Chinese Parcels
Brussels is proposing to accelerate the removal of the €150 ‘de minimis’ customs threshold for parcels entering the EU, mostly from China.
Retail
Tariffs Are Forcing Brands to Cut Back on Black Friday Deals
Companies such as Coach, Nike, Ralph Lauren and Levi’s are seeking to reduce or phase out promotions this year, even as consumers are increasingly seeking out deals.
Tariffs Are Forcing Brands to Cut Back on Black Friday Deals
Companies such as Coach, Nike, Ralph Lauren and Levi’s are seeking to reduce or phase out promotions this year, even as consumers are increasingly seeking out deals.
Luxury
Swiss Billionaires Pivotal in Wooing Trump Ahead of Tariff Deal
Billionaires from Richemont and Partners Group, successfully leveraged their influence and personal relationship with Donald Trump to push Switzerland closer to a deal that would significantly reduce US tariffs on Swiss exports.
Swiss Billionaires Pivotal in Wooing Trump Ahead of Tariff Deal
Billionaires from Richemont and Partners Group, successfully leveraged their influence and personal relationship with Donald Trump to push Switzerland closer to a deal that would significantly reduce US tariffs on Swiss exports.
Retail
Levi’s to Sell $300 Jeans in More Stores to Tap Growing Demand for Premium Denim
The denim company is expanding its premium Blue Tab line to boost growth and attract a broader customer base.
Levi’s to Sell $300 Jeans in More Stores to Tap Growing Demand for Premium Denim
The denim company is expanding its premium Blue Tab line to boost growth and attract a broader customer base.
Luxury
Swiss Watchmakers Rise on Optimism Over Possible Cut in Trump Tariffs
Shares in Richemont and Swatch Group rose after US president Donald Trump said he was working with Switzerland on a deal to lower the 39 percent tariff rate on Swiss imports.
Swiss Watchmakers Rise on Optimism Over Possible Cut in Trump Tariffs
Shares in Richemont and Swatch Group rose after US president Donald Trump said he was working with Switzerland on a deal to lower the 39 percent tariff rate on Swiss imports.
Retail
Switzerland Moves Close to Securing Improved 15% US Tariff Deal
A 15 percent tariff on Swiss exports to the US would be a significant improvement from the previous 39 percent levy.
Switzerland Moves Close to Securing Improved 15% US Tariff Deal
A 15 percent tariff on Swiss exports to the US would be a significant improvement from the previous 39 percent levy.
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.