Lanvin Group has reported revenue of €329 million (~$351 million) in FY24, down 23 per cent YoY, citing a transitional year of creative and strategic realignment.
Gross profit fell to €183 million, mainly due to Wolford’s increased logistics costs.
Despite challenges in EMEA and Greater China, North America and Japan performed steadily.
DTC sales made up 61 per cent of total revenue.Read More

Kimberly-Clark will invest over $2 billion in its North America business over five years—its largest domestic expansion in over 30 years.
The plan includes a new facility in Warren, Ohio, and an automated distribution centre in South Carolina, creating over 900 skilled jobs.
The move supports manufacturing capacity, innovation, and long-term growth as part of its Powering Care transformation.Read More

Drewry World Container Index fell 3.05 per cent to $2,091 per FEU on May 1, 2025, amid ongoing trade uncertainty due to reciprocal tariffs.
Freight rates declined on major routes, with Shanghai–Rotterdam and Shanghai–New York seeing notable drops.
The index remains 80 per cent below its 2021 peak but is 47 per cent above 2019 levels.
Drewry expects further rate declines in the coming week.Read More

Refuting accusations of ‘overcapacity’ made by the United States and some other countries at a recent WTO meeting, China said there is no universally-recognised standard or methodology to define overcapacity.
At a meeting of the WTO committee on subsidies and countervailing measures, China condemned US ‘reciprocal tariffs’ and discriminatory subsidy policies for seriously undermining WTO rules.Read More

India Pesticides Ltd (IPL) has successfully commissioned the next phase of backward integration for PEDA, an intermediate for Pretilachlor Technical, raising capacity to 6,000 MT/year.
The company plans to boost it further to 8,500 MT by Q2 FY26.
This move aligns with the Aatma Nirbhar Bharat initiative, aiming to strengthen domestic manufacturing, efficiency, and export potential.Read More