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
Retail
A Trump Supreme Court Tariff Defeat Would Add to Trade Uncertainty
Experts anticipate that Trump will shift to other trade tactics as his tariff’s are met with tough scrutiny in US Supreme Court oral arguments.
A Trump Supreme Court Tariff Defeat Would Add to Trade Uncertainty
Experts anticipate that Trump will shift to other trade tactics as his tariff’s are met with tough scrutiny in US Supreme Court oral arguments.
Retail
Shein Eyes $2 Billion Profit in 2025 Despite US Tariff Headwinds
The fast-fashion company’s profits were buoyed by price hikes and cost-cutting measures that offset a decline in online traffic.
Shein Eyes $2 Billion Profit in 2025 Despite US Tariff Headwinds
The fast-fashion company’s profits were buoyed by price hikes and cost-cutting measures that offset a decline in online traffic.
Luxury
US Luxury Shoppers Unfazed by Price Hikes, Says Top Rolex Seller
Wealthy Americans continue to purchase luxury Swiss watches, driving strong sales for Watches of Switzerland Group Plc, although tariffs remain a concern.
US Luxury Shoppers Unfazed by Price Hikes, Says Top Rolex Seller
Wealthy Americans continue to purchase luxury Swiss watches, driving strong sales for Watches of Switzerland Group Plc, although tariffs remain a concern.
Sustainability
The Debrief | The Human Cost of Trump’s Tariffs
A surprise 50 percent duty on Indian apparel has frozen orders and shuttered factories across key hubs. The Debrief asks reporter Shayeza Walid what’s happening on the ground, who’s bearing the brunt and what relief could actually help.
The Debrief | The Human Cost of Trump’s Tariffs
A surprise 50 percent duty on Indian apparel has frozen orders and shuttered factories across key hubs. The Debrief asks reporter Shayeza Walid what’s happening on the ground, who’s bearing the brunt and what relief could actually help.
Global Markets
Worldview | Omoyemi Akerele Takes Lagos Fashion Week to the Next Level
This week’s round-up of global markets fashion business news also features South Korean exports, Egyptian textile factories and Mexico’s luxury department stores.
Worldview | Omoyemi Akerele Takes Lagos Fashion Week to the Next Level
This week’s round-up of global markets fashion business news also features South Korean exports, Egyptian textile factories and Mexico’s luxury department stores.
Global Markets
India’s Modi Faces Demands From Exporters to Ease Trump’s Tariff Pain
Industries such as footwear and textiles in India are asking prime minister Narendra Modi for support dealing with the fallout from steep US tariffs on Indian goods.
India’s Modi Faces Demands From Exporters to Ease Trump’s Tariff Pain
Industries such as footwear and textiles in India are asking prime minister Narendra Modi for support dealing with the fallout from steep US tariffs on Indian goods.
Retail
What Tariffs? Europe Inc. Adapts as Many Firms Post Gains in US
Companies from luxury players to Unilever are navigating tariffs better than anticipated.
What Tariffs? Europe Inc. Adapts as Many Firms Post Gains in US
Companies from luxury players to Unilever are navigating tariffs better than anticipated.
Retail
Trump Shaves China Tariffs After ‘Amazing’ Xi Meeting
The meeting between US president Donald Trump and China’s Xi Jinping resulted in an agreement to de-escalate some measures but left fundamental issues unresolved.
Trump Shaves China Tariffs After ‘Amazing’ Xi Meeting
The meeting between US president Donald Trump and China’s Xi Jinping resulted in an agreement to de-escalate some measures but left fundamental issues unresolved.
Global Markets
Trump, Xi Set to Formalise Trade Truce After Months of Chaos
Initial signals indicate the leaders are readying a pact that could see a rollback of some tariffs, fees and export restrictions threatened or implemented in recent months.
Trump, Xi Set to Formalise Trade Truce After Months of Chaos
Initial signals indicate the leaders are readying a pact that could see a rollback of some tariffs, fees and export restrictions threatened or implemented in recent months.
Sustainability
India’s Garment Workers Are Paying the Price for Trump’s Tariffs
Two months since the US hit India with 50 percent import duties, labourers in the country’s largest apparel manufacturing hubs face mass layoffs, reduced hours, and indefinite furloughs. The message from factories: “Come back once things in America get better.”
India’s Garment Workers Are Paying the Price for Trump’s Tariffs
Two months since the US hit India with 50 percent import duties, labourers in the country’s largest apparel manufacturing hubs face mass layoffs, reduced hours, and indefinite furloughs. The message from factories: “Come back once things in America get better.”
Retail
How Small Brands Are Handling the End of De Minimis
For a number of independent brands, the end of US’ de minimis exemption is the latest complication that required sharpening operations and making tough choices about where to invest.
How Small Brands Are Handling the End of De Minimis
For a number of independent brands, the end of US’ de minimis exemption is the latest complication that required sharpening operations and making tough choices about where to invest.
Luxury
Opinion: Rolex Prices Ride High on Tariffs, Gold
The US secondary watch market is stabilising, with prices likely to keep rising for top brands like Rolex and Patek Philippe, Andrea Felsted writes.
Opinion: Rolex Prices Ride High on Tariffs, Gold
The US secondary watch market is stabilising, with prices likely to keep rising for top brands like Rolex and Patek Philippe, Andrea Felsted writes.
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.