Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
business-slowdown
Financial Markets
Tiffany Sales Miss Estimates as Global Uncertainty Hurts Demand
Tiffany & Co. posted second-quarter sales that missed analysts’ estimates as global economic uncertainty weighed on demand.
Tiffany Sales Miss Estimates as Global Uncertainty Hurts Demand
Tiffany & Co. posted second-quarter sales that missed analysts’ estimates as global economic uncertainty weighed on demand.
Financial Markets
Express Misses 2Q Forecasts
Express Inc. reported fiscal second-quarter net income of $10.1 million.
Express Misses 2Q Forecasts
Express Inc. reported fiscal second-quarter net income of $10.1 million.
Financial Markets
Perry Ellis Reports 2Q Loss
Perry Ellis reported a loss of $3.6 million in its fiscal second quarter.
Perry Ellis Reports 2Q Loss
Perry Ellis reported a loss of $3.6 million in its fiscal second quarter.
Financial Markets
Coty Declines as Investors Wait for Post-P&G Deal Strategy
Coty Inc. shares fell the most in more than seven weeks after the company posted its second straight net loss and investors wait for more insight about its pending merger with Procter & Gamble Co.’s beauty brands.
Coty Declines as Investors Wait for Post-P&G Deal Strategy
Coty Inc. shares fell the most in more than seven weeks after the company posted its second straight net loss and investors wait for more insight about its pending merger with Procter & Gamble Co.’s beauty brands.
News & Analysis
Claire’s Corners Bondholders With $800 Million Debt Swap Plan
Claire’s is turning to its creditors to help it avoid becoming the latest mall chain to succumb to a mountain of debt.
Claire’s Corners Bondholders With $800 Million Debt Swap Plan
Claire’s is turning to its creditors to help it avoid becoming the latest mall chain to succumb to a mountain of debt.
Financial Markets
JC Penney Reports Smaller Loss in 2Q as Sales Improve
JC Penney reported a smaller loss in the second quarter as the department store operator's sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store.
JC Penney Reports Smaller Loss in 2Q as Sales Improve
JC Penney reported a smaller loss in the second quarter as the department store operator's sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store.
Retail
Macy's to Shut 100 Stores and Invest Online
Macy's said it would close about 100 stores and boost investment in its online operations as it seeks to turn around its business after six quarters of falling sales.
Macy's to Shut 100 Stores and Invest Online
Macy's said it would close about 100 stores and boost investment in its online operations as it seeks to turn around its business after six quarters of falling sales.
Retail
Ralph Lauren Losing Battle for America’s Preppies
While the power of prep lives on, Ralph Lauren has lately ceded ground to newer competitors that have added twists to the old look.
Ralph Lauren Losing Battle for America’s Preppies
While the power of prep lives on, Ralph Lauren has lately ceded ground to newer competitors that have added twists to the old look.
News & Analysis
Hugo Boss Lowers Profit Outlook as Sales Slow
Hugo Boss lowered its profit forecast for 2016 as it reported a fall in second-quarter sales, highlighting the challenge facing new chief executive officer Mark Langer.
Hugo Boss Lowers Profit Outlook as Sales Slow
Hugo Boss lowered its profit forecast for 2016 as it reported a fall in second-quarter sales, highlighting the challenge facing new chief executive officer Mark Langer.
Financial Markets
Falling Tourism Prompts Kate Spade Forecast Cut
A dearth of tourists to the US — put off visiting by the strong dollar — has slowed foot traffic, forcing the company to mark down merchandise.
Falling Tourism Prompts Kate Spade Forecast Cut
A dearth of tourists to the US — put off visiting by the strong dollar — has slowed foot traffic, forcing the company to mark down merchandise.
Financial Markets
Macy’s, Kohl’s Fall on Concern About Slow Department-Store Sales
Shares of Macy’s, Nordstrom and Kohl’s fell after reports about weak summer sales reignited fears of a department-store slump.
Macy’s, Kohl’s Fall on Concern About Slow Department-Store Sales
Shares of Macy’s, Nordstrom and Kohl’s fell after reports about weak summer sales reignited fears of a department-store slump.
Financial Markets
L’Oréal Sales Miss Analyst Estimates on Western Europe Slowdown
L’Oréal reported second-quarter sales that missed analysts’ estimates as rising demand for its beauty products in North America was offset by worsening conditions in its home market of France.
L’Oréal Sales Miss Analyst Estimates on Western Europe Slowdown
L’Oréal reported second-quarter sales that missed analysts’ estimates as rising demand for its beauty products in North America was offset by worsening conditions in its home market of France.
The News in Brief
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.