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Latest in Financial

Prada Smashes Projections With Double-digit Growth, Readies China Show

"We are seeing a recovery in China," said Patrizio Bertelli, Prada Group's CEO as the brand prepares to…

Aeffe Reports Double-digit Growth in Sales in First Half of 2022

An acceleration of the retail channel and a strong performance in America propelled the double-digit growth…

Moncler Sees 46 Percent Bump in H1 Sales, Sets Plans for Stone Island

CEO Remo Ruffini said that despite myriad macro pressures Moncler Group exceeded expectations in the first…

Kering Hints at Move Into Beauty After Robust Q2

The French luxury group, which saw net profit rise 34 percent in the first half, is ready to explore the…

Puma’s Q2 Breaks 2 Billion Euro Barrier 

Executives warned, however, of high inflation and more geopolitical tensions.

Walmart Profit Warning Ripples Across Wall Street and Retail

Retailers are on watch now that one of the industry's biggest players is feeling the pinch of higher prices.

Unilever Welcomes Nelson Peltz as Prestige Beauty Builds Momentum

Unilever CEO Alan Jope said Peltz "brings enormous experience on the consumer products industry, and is…

Adidas Lowers Guidance for 2022, Citing China Problems

The news was not unexpected though. Market analysts were less positive than Adidas executives had been about…

Alibaba to Pursue Primary Hong Kong Listing

Alibaba would help set a precedent for Chinese companies listed abroad who wish to utilize Hong Kong as an…

Shopify Lays Off 10 Percent of Workers as E-comm Boost Unwinds

CEO Tobias Lütke said staffing up was a bet the company took and lost.

LVMH Takes ‘Wait and See’ Approach to Second Half

After a strong second quarter, the world's leading luxury group is cautiously bullish about overcoming the…

Higher Prices Help Fuel Unilever Growth in Fiscal First Half

Turnover at the corporate giant was up 14.9 percent to 29 billion euros in the first half of fiscal 2022.

Food Over Fashion at Walmart, Hard Choices In Inflationary Landscape

The retail giant cut its profit outlook and warned that shoppers are losing their spending power.

China Insight: First-half Results Show Tough Time for Apparel Sector

China's apparel sector faced a "dismal" market in the first half and firms need to adapt to pandemic-driven…

Hot-button Agenda at Nike Shareholder Meeting: Forced Labor

An investor is trying to get the company to "pause" the sourcing of cotton in China; CEO John Donahoe's pay…