Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
On stage at BoF CROSSROADS, Her Highness Princess Noura bint Faisal Al Saud, founder and CEO of Culture House, and Kiran Haslam, chief marketing officer at Diriyah Company, shared their insight into the evolving cultural and creative landscape in the Kingdom.
On stage at BoF CROSSROADS, Her Highness Princess Noura bint Faisal Al Saud, founder and CEO of Culture House, and Kiran Haslam, chief marketing officer at Diriyah Company, shared their insight into the evolving cultural and creative landscape in the Kingdom.

The appointment of the 26-year-old actress underscores the French luxury brand’s growing commitment to the India market.

The appointment of the 26-year-old actress underscores the French luxury brand’s growing commitment to the India market.

This week’s round-up of global markets fashion business news also features the impact of Trump’s tariffs on Middle East manufacturers, Chinese duty-free stocks and Sao Paulo Fashion Week.

This week’s round-up of global markets fashion business news also features the impact of Trump’s tariffs on Middle East manufacturers, Chinese duty-free stocks and Sao Paulo Fashion Week.

Chinese influencers have taken to TikTok to encourage American consumers to buy directly from China, in light of President Trump’s 145 percent levy on the leading manufacturing country.

Chinese influencers have taken to TikTok to encourage American consumers to buy directly from China, in light of President Trump’s 145 percent levy on the leading manufacturing country.
Designers Tory Burch, Rabia Zargarpur and more discussed how to balance global ambitions while catering to local markets.
Designers Tory Burch, Rabia Zargarpur and more discussed how to balance global ambitions while catering to local markets.

Sabyasachi Mukherjee joins BoF founder and CEO Imran Amed at BoF CROSSROADS 2025 to explore the challenges of going global on your own terms and why he is ready to take his brand to the next level, while making a case for craft, culture and the rising power of the Global South.

Sabyasachi Mukherjee joins BoF founder and CEO Imran Amed at BoF CROSSROADS 2025 to explore the challenges of going global on your own terms and why he is ready to take his brand to the next level, while making a case for craft, culture and the rising power of the Global South.

‘There’ll be a transition cost, and transition problems, but in the end it’s going to be a beautiful thing,’ Trump said Thursday during a Cabinet meeting. ‘We’re in very good shape.’

‘There’ll be a transition cost, and transition problems, but in the end it’s going to be a beautiful thing,’ Trump said Thursday during a Cabinet meeting. ‘We’re in very good shape.’

Designer Sabyasachi Mukherjee, entrepreneur and podcast host Anas Bukhash and Saudi Arabia’s Princess Noura Bint Faisal Al Saud and more discuss the opportunities in the industry’s most exciting emerging markets.

Designer Sabyasachi Mukherjee, entrepreneur and podcast host Anas Bukhash and Saudi Arabia’s Princess Noura Bint Faisal Al Saud and more discuss the opportunities in the industry’s most exciting emerging markets.

European Commission president Ursula von der Leyen said, “If negotiations are not satisfactory, our countermeasures will kick in,” underscoring that the retaliatory tariffs are on hold for 90 days.

European Commission president Ursula von der Leyen said, “If negotiations are not satisfactory, our countermeasures will kick in,” underscoring that the retaliatory tariffs are on hold for 90 days.

The Japanese fashion marketplace known for buzzy fashion tech initiatives like the Zozosuit is accelerating its push to grow abroad.

The Japanese fashion marketplace known for buzzy fashion tech initiatives like the Zozosuit is accelerating its push to grow abroad.

This week’s round-up of global markets fashion business news also features the impact of Trump’s tariffs on manufacturers in India and Pakistan, relief among Latin American producers and panic in Vietnam and Cambodia.

This week’s round-up of global markets fashion business news also features the impact of Trump’s tariffs on manufacturers in India and Pakistan, relief among Latin American producers and panic in Vietnam and Cambodia.

Brands like Zara and Mango are opening boutiques in Algeria, one of the largest yet least developed fashion markets in North Africa, as the country tries to shake off its isolationist past.

Brands like Zara and Mango are opening boutiques in Algeria, one of the largest yet least developed fashion markets in North Africa, as the country tries to shake off its isolationist past.
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
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.
Suppliers to retailers including Gap and Walmart are beating the broader market as investors bet India’s new trade agreements and shifting sourcing patterns will boost exports.
The Trump administration has formally appealed the order directing customs authorities to refund the global tariffs declared unlawful by the US Supreme Court earlier this year.
The levies would affect imports from 60 trading partners, with rates ranging from 10% for Mexico, Canada and the UK to 12.5% for China, India and Brazil, as the Trump administration seeks to rebuild its tariff wall.
US Customs and Border Protection validated over 80,000 applications for refunds covering an undisclosed number of shipments or entries.