Alibaba will apply for a primary listing in Hong Kong and keep its U.S. listing, the first big company to take advantage of a rule change allowing Chinese firms with dual class shares to seek dual primary listings.
Balancing supply with demand could become a critical factor in the months ahead. And online fashion retail giant ASOS is said to be delaying some autumn orders as customers are expected to cut back in a spending squeeze.
Hotter Shoes parent Unbound Group has raised around £4.3 million to invest in its growth strategy, particularly concentrated on expanding its footwear retail association with UK garden centre group Notcutts.
Free-spending tourists in Europe are expected to drive brisk second quarter sales at French luxury groups LVMH, Gucci-owner Kering and Hermes, helping to offset the impact of disruptions in China from Covid restrictions.
JD Sports Fashion had some good news on Friday as it released a short trading update head of its annual general meeting with total sales in the group's like-for-like businesses 5% ahead of the prior year
LVMH chief Bernard Arnault has changed the legal structure of his family holding company Agache to a joint-stock partnership to ensure family control over LVMH in the long term, the company said on Thursday.
On Thursday, Swiss fragrances and flavourings producer Givaudan reported a net profits slump in H1, within a highly inflationary environment and despite rising sales, driven chiefly by the rebound of fine perfumery.
Deep in transition mode, Brand Architekts Group has suffered an untimely dip in sales and earnings, the challenger British beauty business admitted Thursday. Group sales for the year are expected to be down 11%.