Michael Kors owner Capri soars after raising annual forecasts

More in Business

• Halloween gets pricier as chocolate costs climb — Hershey may feel the pinch

  Severe weather disruptions in key agricultural regions have driven up seasonal holiday costs, including pumpkin prices that rose partly due to a Texas drought. Because retail stock reflects prior cocoa commodity spikes from West African shortages, confectioners are grappling with declining milk chocolate purchases. Consequently, household budgets are under pressure, prompting major retailers to roll out promotions to entice price-conscious holiday shoppers.

  4 min read
• Zee Entertainment Q2 profit drops 40% to Rs 46 crore as EBITDA margin contracts to 3.2%

  The media company's bottom line suffered from an 18% surge in total expenditures, largely caused by aggressive promotional outlays and programming costs for major sporting events. While operating margins deteriorated significantly, robust subscription gains and a profitable turnaround in the digital business helped counterbalance stagnant television advertising demand.

  2 min read
• Poundland in peril: how rampant inflation and price wars left £1 stores exposed

  The 36-year-old discount chain has filed a notice of intention to appoint administrators, placing 12,000 jobs and 600 stores in jeopardy across the UK and Ireland. Mounting inflation on goods, energy, and labour eroded its signature single-price model, forcing the business into crisis as suppliers halt deliveries. Its owner is now weighing a break-up of the estate after rejecting a whole-chain buyout offer.

  7 min read