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.
Tax
Latest News & Analysis
Financial Markets
Frasers Group Settles Belgian Tax Case
The sportswear retailer has agreed on 73 percent of a query over value added tax of €674 million.
Frasers Group Settles Belgian Tax Case
The sportswear retailer has agreed on 73 percent of a query over value added tax of €674 million.
Luxury
France Hits Back at Trump's Tariffs
The country's Finance Minister Bruno Le Maire says France is ready to go to the World Trade Organisation to challenge the US President's luxury goods tariffs.
France Hits Back at Trump's Tariffs
The country's Finance Minister Bruno Le Maire says France is ready to go to the World Trade Organisation to challenge the US President's luxury goods tariffs.
Financial Markets
Nike and Under Armour Urge Trump to Remove Footwear From Tariff List
The additional tariff of 25 percent on Chinese goods may add $7 billion in additional costs for US customers every year, the The Footwear Distributors & Retailers of America says.
Nike and Under Armour Urge Trump to Remove Footwear From Tariff List
The additional tariff of 25 percent on Chinese goods may add $7 billion in additional costs for US customers every year, the The Footwear Distributors & Retailers of America says.
News & Analysis
Retailers, Already Planning for the 2019 Holidays, Expected to Get Whacked by Tariffs
"The hike will also cost the average American family of four $767, according to a report by the Trade Partnership."
Retailers, Already Planning for the 2019 Holidays, Expected to Get Whacked by Tariffs
"The hike will also cost the average American family of four $767, according to a report by the Trade Partnership."
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Financial Markets
Kering to Pay €1.25 Billion Tax Settlement
The settlement with the Italian revenue agency relating to Gucci and Swiss subsidiary Luxury Goods International SA requires the French group to pay €897 million in additional taxes, along with further payment for penalties and interest, for a total of €1.25 billion.
Kering to Pay €1.25 Billion Tax Settlement
The settlement with the Italian revenue agency relating to Gucci and Swiss subsidiary Luxury Goods International SA requires the French group to pay €897 million in additional taxes, along with further payment for penalties and interest, for a total of €1.25 billion.
Luxury
Report: Kering Close to Settling Italian Tax Case for €1.3-1.4 Billion
This would be the biggest tax settlement ever agreed by a company with the Italian tax authorities.
Report: Kering Close to Settling Italian Tax Case for €1.3-1.4 Billion
This would be the biggest tax settlement ever agreed by a company with the Italian tax authorities.
Luxury
Why Fashion’s Giant Notre-Dame Pledges Are Good for Business
Both LVMH and Kering stand to benefit from their donations to save Notre-Dame, though a political backdrop of populism has raised the risk of a backlash.
Why Fashion’s Giant Notre-Dame Pledges Are Good for Business
Both LVMH and Kering stand to benefit from their donations to save Notre-Dame, though a political backdrop of populism has raised the risk of a backlash.
Luxury
LVMH and Arnault Will Not Get Tax Breaks From Notre-Dame Donations
The outpouring of donations following the fire on Monday has prompted questions from charities, politicians and commentators about benefits from tax deductions.
LVMH and Arnault Will Not Get Tax Breaks From Notre-Dame Donations
The outpouring of donations following the fire on Monday has prompted questions from charities, politicians and commentators about benefits from tax deductions.
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Retail
Apple, Louis Vuitton, Gucci Drop China Prices for VAT Cuts
Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.
Apple, Louis Vuitton, Gucci Drop China Prices for VAT Cuts
Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.
Financial Markets
Kering’s €1.4 Billion Tax Bill, Explained
The French luxury giant is facing a possible €1.4 billion tax bill in Italy after accounting practices linked to a Swiss subsidiary attracted scrutiny.
Kering’s €1.4 Billion Tax Bill, Explained
The French luxury giant is facing a possible €1.4 billion tax bill in Italy after accounting practices linked to a Swiss subsidiary attracted scrutiny.
Financial Markets
Kering Faces €1.4 Billion Italian Tax Claim
Some business carried out by Kering employees in locations including Milan and Paris was billed through a Swiss unit, incurring lower tax rates, according to reports.
Kering Faces €1.4 Billion Italian Tax Claim
Some business carried out by Kering employees in locations including Milan and Paris was billed through a Swiss unit, incurring lower tax rates, according to reports.
Financial Markets
Nike's Dutch Tax Deals Probed by EU in Latest Fiscal Crackdown
The probe will weigh tax rulings that calculated Nike's royalty payments for intellectual property use in the EMEA region.
Nike's Dutch Tax Deals Probed by EU in Latest Fiscal Crackdown
The probe will weigh tax rulings that calculated Nike's royalty payments for intellectual property use in the EMEA region.
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.