Consumer Cos Down on Inflation Fears - Consumer Roundup
Consumer companies fell amid renewed energy-inflation fears. Shares of cruise lines and airlines were particularly hard hit.
Swiss food processor Nestle agreed to sell its mainstream vitamins, supplements and minerals business for $1 billion to Boston-based investment firm Yellow Wood Partners as the conglomerate tightens its focus.
Shein, the Chinese fast-fashion giant, made a subdued stock-market debut after years of geopolitical jockeying that dogged the .
Gap hired Reed Krakoff, the designer who helped make Coach a household name, to launch a new line of handbags and accessories.
Swedish furniture chain IKEA is cutting prices by 15%-25% on more than 1,500 products in Europe as it seeks to entice customers that remain under pressure from higher living costs.
Frasers Group aims to achieve majority ownership in premium fashion group Hugo Boss, as it weighs whether to keep backing the German company's chairman.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
September 01, 2026 17:31 ET (21:31 GMT)
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