The World Is Volatile but Luxury Brands Look Serene
Hermès and LVMH beat high expectations for first-quarter sales. Source link
Consumer Goods
Bud Light Faces Boycott Calls, but Punishing Brands Is Harder Than It Looks
CMO TodayResearch shows recent social-media calls to boycott brands such as Goya and Spotify haven’t meaningfully hurt sales and at...
LVMH’s Paris Headquarters Stormed by Protesters
The nationwide protest movement against President Emmanuel Macron’s pension overhaul morphed into a populist rebuke of France’s establishment. Source link
Samsung Forecasts Worst Profit in Over a Decade as Tech Slump Hits Memory Chips
TechSouth Korean firm said it would cut memory-chip production, joining rivals in addressing supply glut Source link
Fox News Defamation Case Cleared for Trial
BusinessMedia & MarketingJudge rejects arguments network should win against Dominion without case going to a jury Source link
Adidas to Drop Opposition to Black Lives Matter’s Three-Stripe Logo
BusinessSportswear company had challenged advocacy group’s trademark application, saying the emblem was too similar to its own Source link
‘Greenwashing’ Targeted in Latest European Regulatory Push
European officials rolled out proposals aimed at forcing companies to back up environmental and sustainability claims they make over consumer...
Nike Sales Jump as It Works Through Inventory Glut
Profit at the sneaker maker fell 11% as it relied on higher markdowns. Source link
Stanley Black & Decker to Close Texas, South Carolina Plants
BusinessTool maker says moves will affect 357 employees; 80 jobs will be added at Tennessee facility Source link
WSJ News Exclusive | Chick-fil-A Wants to Serve Its Chicken Sandwiches in Asia and Europe
The fast-food restaurant chain plans a $1 billion international expansion, with locations in five international markets by 2030. Source link
Adidas Slashes Dividend as Problems Mount
A slump in China and a mountain of unsold products are among the challenges facing Adidas after a bruising 2022...
Balenciaga Displays Restraint in First Fashion Show Since Child Ad Backlash
Creative designer Demna aims to reset the brand’s image after consumer protests. Source link
In Deposition, Rupert Murdoch Says Fox News Hosts Endorsed False 2020 Election Claims
BusinessMedia & MarketingNew details emerge in defamation case brought by voting-machine company Dominion Voting Systems Source link
WSJ News Exclusive | Altria in Talks to Buy Vaping Startup NJOY for at Least $2.75 Billion, Divest Its Stake in Juul
WSJ News ExclusiveBusinessMarlboro maker looks to buy rival e-cigarette company after struggles with Juul Source link
Microsoft Signs ‘Call of Duty’ Pacts With Nintendo and Nvidia as Activision Deal Faces Scrutiny
The agreements come as regulators in the U.S. and abroad have said they are concerned the proposed $75 billion acquisition...
United Airlines to Ease Family Seating Fees
BusinessLawmakers, regulators and President Biden have taken aim at additional charge for adjacent seats Source link
Abbott Baby-Formula Business Is Under Investigation By SEC, FTC
BusinessInquiries from agencies come amid criminal investigation by Justice Department into company’s formula manufacturing Source link
Tyson Foods Profit Declines as Beef Price Drops
Profit margins from the meat processor’s beef division have come under pressure as consumer demand softens for premium cuts of...
Activision Blizzard Paying $35 Million to Resolve SEC Investigation
Activision Blizzard agreed to pay $35 million to settle regulatory claims tied to its process for deciding how its disclosures...
Estée Lauder Sales Hit Again by China’s Covid Lockdowns
The cosmetics company reported a 17% decline in quarterly sales as retailers tightening their inventories also weighed on its business....
