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
Financial Markets
Report: Italian Financial Police Visit Gucci Offices in Tax Probe
Milan prosecutors suspected the Kering-owned brand may have paid taxes on profits generated by sales in Italy in another country with a more favourable tax regime, according to a source.
Report: Italian Financial Police Visit Gucci Offices in Tax Probe
Milan prosecutors suspected the Kering-owned brand may have paid taxes on profits generated by sales in Italy in another country with a more favourable tax regime, according to a source.
China
Cuts to China’s Import Tariffs to Buoy Fashion and Cosmetics
Import taxes on almost 200 consumer goods categories, including fashion and cosmetics, are to be slashed in a bid to encourage more domestic spending.
Cuts to China’s Import Tariffs to Buoy Fashion and Cosmetics
Import taxes on almost 200 consumer goods categories, including fashion and cosmetics, are to be slashed in a bid to encourage more domestic spending.
Financial Markets
Nike Knocked by Unions for Company's Tax Avoidance Strategies
Following Nike's appearance in the 'Paradise Papers' earlier this month, the sports giant is now facing a push by organised labour to stop the practice.
Nike Knocked by Unions for Company's Tax Avoidance Strategies
Following Nike's appearance in the 'Paradise Papers' earlier this month, the sports giant is now facing a push by organised labour to stop the practice.
Financial Markets
Prada Signs Italian Tax Cooperation Agreement
The scheme involves an exchange of information between the Italian fashion house and authorities to avoid disputes and help the business to avoid unexpected tax demands.
Prada Signs Italian Tax Cooperation Agreement
The scheme involves an exchange of information between the Italian fashion house and authorities to avoid disputes and help the business to avoid unexpected tax demands.
Financial Markets
Bernard Arnault Responds to 'Paradise Papers'
Assets referred to by Le Monde newspaper in the 'Paradise Papers' leaks were known to tax authorities, said the LVMH chief executive in a statement.
Bernard Arnault Responds to 'Paradise Papers'
Assets referred to by Le Monde newspaper in the 'Paradise Papers' leaks were known to tax authorities, said the LVMH chief executive in a statement.
Retail
US Retailers Boost Lobbying Spend Amid Border-Tax Battle
Target, Best Buy and Gap almost quadrupled their combined spending on lobbying in Washington as they work to defeat a corporate-tax proposal that some have said threatens their industry.
US Retailers Boost Lobbying Spend Amid Border-Tax Battle
Target, Best Buy and Gap almost quadrupled their combined spending on lobbying in Washington as they work to defeat a corporate-tax proposal that some have said threatens their industry.
Financial Markets
Why Vetements is Moving to Zürich
The cult fashion collective is leaving Paris for a ‘clean slate’ — and a favourable tax regime — in Switzerland’s largest city.
Why Vetements is Moving to Zürich
The cult fashion collective is leaving Paris for a ‘clean slate’ — and a favourable tax regime — in Switzerland’s largest city.
Financial Markets
A Swinging Birkin Bag Can Swat Away US Border Tax Plan
The mooted US Border Adjustment Tax would penalise companies that manufacture overseas and is intended to promote American jobs.
A Swinging Birkin Bag Can Swat Away US Border Tax Plan
The mooted US Border Adjustment Tax would penalise companies that manufacture overseas and is intended to promote American jobs.
Financial Markets
Trump Tells Retail Executives Tax Overhaul Plan Is Coming Soon
The proposed overhaul of the corporate tax code would reward companies that sell products outside the US while punishing ones that rely on low-cost overseas suppliers.
Trump Tells Retail Executives Tax Overhaul Plan Is Coming Soon
The proposed overhaul of the corporate tax code would reward companies that sell products outside the US while punishing ones that rely on low-cost overseas suppliers.
Financial Markets
Report: Retail CEOs Head to Washington to Try to Kill US Border Tax
Their input has more urgency as US President Donald Trump is finalising his own tax plan that he plans to unveil in the coming weeks.
Report: Retail CEOs Head to Washington to Try to Kill US Border Tax
Their input has more urgency as US President Donald Trump is finalising his own tax plan that he plans to unveil in the coming weeks.
Financial Markets
The Real Dangers of Border Adjusted Tax for Fashion
The proposed reforms could cripple any American fashion brand reliant upon importing goods and services from abroad.
The Real Dangers of Border Adjusted Tax for Fashion
The proposed reforms could cripple any American fashion brand reliant upon importing goods and services from abroad.
Financial Markets
Italian Fashion Industry Hopes to Avert Additional US Tax
Carlo Capasa said that Italian luxury imports to the United States are currently taxed at an average rate of 20 percent.
Italian Fashion Industry Hopes to Avert Additional US Tax
Carlo Capasa said that Italian luxury imports to the United States are currently taxed at an average rate of 20 percent.
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.