Online fast-fashion retailer Shein has secured approval from Britain’s Financial Conduct Authority (FCA) for its planned initial public offering in London, according to two sources …
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China
Trump Sees ‘Transition Problems’ With China Tariffs at 145%
President Donald Trump said his tariffs may cause “transition problems” but expressed confidence in his plan, after the White House clarified US tariffs on China …
Trump Threatens 50% More China Tariffs, Teases Talks With Others
President Donald Trump threatened to slap additional 50 percent import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp …
Report: China Advises Shein Against Shifting Supply Chain
Fast-fashion retailer Shein is facing opposition from the Chinese government over its plans to shift some production out of the country, Bloomberg News reported on …
Trump Threatens 50% More China Tariffs, Teases Talks With Others
President Donald Trump threatened to slap additional 50 percent import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp …
LVMH Names New CEOs at Fendi, Louis Vuitton China and Kenzo
LVMH is making leadership changes at three of its fashion houses. Ramon Ros has been named CEO of Fendi, where LVMH hopes he will “elevate …
Trump Extends TikTok Sale Deadline by 75 Days, Vows to Work With China
President Donald Trump on Friday extended by 75 days a deadline for Chinese technology company ByteDance to sell US assets of popular short video app …
China Retaliates Against Trump in Trade War With 34% Tariffs on US Imports
Stock markets around the world plunged for a second day on Friday as China announced retaliatory tariffs of 34 percent on US imports, signalling a …
Trump Signs Order Ending Duty-Free Treatment for Cheap Shipments From China
US President Donald Trump signed an executive order on Wednesday that closes a trade loophole known as “de minimis” that has allowed low-value packages from …
Trump Considering Revoking Tariff Exemptions for Cheap Shipments From China, Source Says
The Trump administration is considering revoking tariff exemptions for low-value shipments from China, known as “de minimis,” as part of Wednesday’s tariff announcement, a source …
L’Oréal Aiming for 5% Growth in China This Year
French cosmetics giant L’Oréal is aiming for around 5 percent growth in China this year, its North Asia chief executive Vincent Boinay said on Monday, …
Trump Says He May Give China Reduction in Tariffs to Get TikTok Deal Done
US President Donald Trump said on Wednesday he would be willing to reduce tariffs on China to get a deal done with TikTok’s Chinese parent …
Sephora Overhauls Asia Leadership After China Setback
Sephora chief executive officer Guillaume Motte has taken personal charge of its operations in China, the latest management shift at the LVMH-owned cosmetics retailer as …
Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty
President Donald Trump said 25 percent tariffs on Canada and Mexico are on track to go into place on March 4, and said he would …
Steve Madden Plans to Raise Prices Due to China Tariffs
Steven Madden Ltd. said it will raise some prices in the fall to counter the higher cost of China tariffs. “We will be selectively raising …
Hermès Sales Accelerate, Raising Hopes for China Turnaround
PARIS – Hermès’ full-year sales topped €15 billion ($16 billion) last year, rising 15 percent excluding currency shifts despite a tough market for luxury brands. …
Crocs Inc. Sales Rise Thanks to China and North America
Crocs Inc.’s winning streak isn’t over yet. The footwear company announced Thursday that its revenue grew 4 percent year over year to $4.1 billion in …
Moncler Shares Surge, Boosted by Recovery in China
Moncler Group’s full-year revenues rose 7 percent to €3.11 billion ($3.42 billion), the company announced Thursday. Results beat analyst expectations; shares surged 9.5 percent just …
Temu, Shein See US Sales Drop After Trump Targets China Trade
Online shopping giants Temu and Shein have seen a sustained drop in sales in the week after US President Donald Trump scrapped a duty exemption …
Shiseido Profits Plummet 73% on Weak China Demand
Japanese cosmetics giant Shiseido said on Monday its full-year profit slumped 73 percent, partly due to a drop in consumer spending in key overseas market …