Author: Reuters
A second denim campaign with actress Sydney Sweeney drove a nearly 6 percent rise in the brand’s share price.
The conflict in the Middle East is hurting duty-free and travel-retail sales for luxury and beauty groups like LVMH, Kering, Estée Lauder, and L’Oréal.
The US-Israel war with Iran has not materially disrupted Givaudan’s business so far, and the fragrance and flavour maker will continue to combat its effects through price hikes and supply adjustments, its new CEO said on Tuesday. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Seven months into his tenure, Kering’s new CEO has stabilised the company’s finances, but his primary challenge remains reviving growth at flagship brand Gucci.