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
Primark Seizes Us Opportunity as Trump Hits Online Rivals
The budget chain is expanding in the US, banking that the end of the de minimis exemption for e-commerce parcels will drive shoppers to brick-and-mortar stores.
Primark Seizes Us Opportunity as Trump Hits Online Rivals
The budget chain is expanding in the US, banking that the end of the de minimis exemption for e-commerce parcels will drive shoppers to brick-and-mortar stores.
Luxury
Swiss Watch Exports Slump in September, Hurt by US Tariffs
Swiss watch exports fell in September, hurt by the Trump administration’s 39 percent tariff on imports from Switzerland to the US, the industry’s largest market.
Swiss Watch Exports Slump in September, Hurt by US Tariffs
Swiss watch exports fell in September, hurt by the Trump administration’s 39 percent tariff on imports from Switzerland to the US, the industry’s largest market.
Global Markets
Will Fashion Brands Strike Gold This Diwali?
Global brands are betting that glittering campaigns and festive designs will tempt Indian shoppers to look past economic headwinds and splurge during a key spending period in the retail calendar.
Will Fashion Brands Strike Gold This Diwali?
Global brands are betting that glittering campaigns and festive designs will tempt Indian shoppers to look past economic headwinds and splurge during a key spending period in the retail calendar.
Retail
Shein Warns on Trump Tariff Uncertainty After Profits Slip
The Singaporean parent company of the ultra-fast-fashion retailer said pre-tax profits had fallen by 13 percent to $1.3 billion last year from $1.3 billion in 2023 after an increase in selling and marketing costs.
Shein Warns on Trump Tariff Uncertainty After Profits Slip
The Singaporean parent company of the ultra-fast-fashion retailer said pre-tax profits had fallen by 13 percent to $1.3 billion last year from $1.3 billion in 2023 after an increase in selling and marketing costs.
Global Markets
Worldview | A Mix of Traditional and Modern Designs Dominate Lakme Fashion Week
This week’s round-up of global markets fashion business news also features China’s Shan Future Forum and Saudi Arabia’s new development in Diriyah Square.
Worldview | A Mix of Traditional and Modern Designs Dominate Lakme Fashion Week
This week’s round-up of global markets fashion business news also features China’s Shan Future Forum and Saudi Arabia’s new development in Diriyah Square.
Retail
US Retailers Brace for Impact as Trump’s 100% China Tariffs Loom
The fresh levies, set to take effect Nov. 1, would come as shoppers and retailers enter the holiday shopping season.
US Retailers Brace for Impact as Trump’s 100% China Tariffs Loom
The fresh levies, set to take effect Nov. 1, would come as shoppers and retailers enter the holiday shopping season.
Retail
Trump Threatens China Tariffs, Sees ‘No Reason’ to Meet Xi
Markets recoiled at the president’s comments, with the Nasdaq 100 down as much as 2.4 percent.
Trump Threatens China Tariffs, Sees ‘No Reason’ to Meet Xi
Markets recoiled at the president’s comments, with the Nasdaq 100 down as much as 2.4 percent.
Retail
Shein’s Robust US Growth Evaporates After Trump Tariff Hit
Sales in the US have declined significantly since the Trump administration ended the de minimis exemption for small shipments.
Shein’s Robust US Growth Evaporates After Trump Tariff Hit
Sales in the US have declined significantly since the Trump administration ended the de minimis exemption for small shipments.
Global Markets
Worldview | Haiti’s Garment Industry in Jeopardy Over US Inaction
This week’s round-up of global markets fashion business news also features Chinese textile exports, Kenyan manufacturers and Saudi Arabia’s luxury watch market.
Worldview | Haiti’s Garment Industry in Jeopardy Over US Inaction
This week’s round-up of global markets fashion business news also features Chinese textile exports, Kenyan manufacturers and Saudi Arabia’s luxury watch market.
Global Markets
Vietnam’s Footwear Exports to US Drop Amid Trump Tariffs
Footwear exports fell 27 percent in September, while textile exports also saw a sharp drop of 20 percent.
Vietnam’s Footwear Exports to US Drop Amid Trump Tariffs
Footwear exports fell 27 percent in September, while textile exports also saw a sharp drop of 20 percent.
Global Markets
Trump’s 50% Tariff Sows Fear Inside Indian Apparel Hub
Factories that invested in anticipation of a boom in orders are saddled with debt and unsold inventory.
Trump’s 50% Tariff Sows Fear Inside Indian Apparel Hub
Factories that invested in anticipation of a boom in orders are saddled with debt and unsold inventory.
Luxury
Swiss Offer Trump Sweetener on Gold to Get Better Tariff Deal
Switzerland has offered to invest in the US gold-refining industry, as part of its efforts to persuade the Trump administration to lower the 39 percent import tariff imposed last month.
Swiss Offer Trump Sweetener on Gold to Get Better Tariff Deal
Switzerland has offered to invest in the US gold-refining industry, as part of its efforts to persuade the Trump administration to lower the 39 percent import tariff imposed last month.
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.