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Articles by Helen Reid
Spike Lee, Black Coffee part of creative collaboration for SA animated film
2 days7 days30 daysBy Industry Show more Search jobs Advertise your job vacancies View more, Apple or Spotify Subscribe to daily business and company news across 19 industries One of the world’s most influential filmmakers, a Grammy-winning South African music icon, a globally celebrated fashion designer and hundreds of artists make an animated film.
H&M Targets Brazil and India as US, European Spending Slows
By Helen Reid and Greta Rosen Fondahn STOCKHOLM (Reuters) -Fashion retailer H&M is seeking to expand in emerging markets such as Brazil and India, its CEO said on Thursday, as consumer spending weakens in Europe, its core region, and U.S. tariffs weigh on demand in its second-largest market.
Zara Owner Inditex 'Optimistic' About U.S. Despite Tariffs
By Helen Reid and Corina Pons ARTEIXO, Spain (Reuters) -Zara owner Inditex expects to keep growing in the U.S., CEO Oscar Garcia Maceiras said on Wednesday, despite signs that U.S. tariffs and retaliation from other countries are hitting consumer demand.
H&M abandons 2024 margin target as markdowns and costs hurt profit
H&M abandons 2024 margin target as markdowns and costs hurt profit By Marie Mannes and Helen Reid STOCKHOLM (Reuters) -H&M scrapped its earnings margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter. H&M has struggled to boost its profitability amid high inflation, weaker consumer demand and competition from its bigger Spanish rival Zara, owned by Inditex, and cut-price online fast-fashion retailer Shein.
Olympics-Tickets for top women's events cheaper than men's despite gender equality push
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Olympics-Tickets for top women's events cheaper than men's despite gender equality push
Olympics-Tickets for top women’s events cheaper than men’s despite gender equality push By Richa Naidu and Helen Reid PARIS (Reuters) – Much has been made of equality of sexes at the Paris Olympics, the first Games with a 50-50 male-female split among athletes, but there is a gender gap in official ticket prices albeit to ensure capacity crowds for women’s events.
Exclusive-Some investors demand change at LVMH after probe into Dior contractors
LONDON/PARIS (Reuters) - Europe's top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive steps to monitor its suppliers' treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior, three investors told Reuters.
'Long and tedious journey': companies sour on China outlook
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H&M Profit Target in Spotlight as Cost-Cutting Gathers Pace
By Helen Reid LONDON (Reuters) - Swedish fashion retailer H&M is under pressure to prove to investors it can turn its fortunes around and fend off fierce competition from fast-fashion rivals such as Zara, whose sales are rising, and China-founded Shein, set to go public this year. H&M, which sold more than $22 billion in clothing and accessories in its 2023 financial year, aims to reach an operating margin of 10% by the end of 2024.
Carrefour pulls PepsiCo products over price hikes By Reuters
© Reuters. A view shows the logo of French retailer Carrefour in front of a supermarket in Montesson near Paris, France, September 13, 2023. REUTERS/Sarah Meyssonnier/File Photo By Piotr Lipinski and Helen Reid PARIS (Reuters) -Carrefour is telling customers in four European countries it will no longer sell products, such as Pepsi, Lay’s crisps and 7up because they have become too costly, in the latest tug-of-war over prices between retailers and global food giants.
Adidas, Puma eye 'sports culture' market as soccer courts fashion
Sportswear brands like Adidas and Puma are seeking to take advantage of a flirtation with soccer by the fashion world to reach a new customer base, building in part on demand created by this summer's successful Women's World Cup. With celebrities like Kim Kardashian seen attending matches and wearing soccer jerseys, clubs too spy new merchandising opportunities.
Adidas and Puma eye chances in soccer’s fashion moment
By Helen Reid LONDON (Reuters) – Sportswear brands like Adidas and Puma are seeking to take advantage of a flirtation with soccer by the fashion world to reach a new customer base, building in part on demand created by this summer’s successful Women’s World Cup. With celebrities like Kim Kardashian seen attending matches and wearing soccer jerseys, clubs too spy new merchandising opportunities.
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