Karen Gilchrist

London

London Correspondent at CNBC World

@CNBCi correspondent based in London. Formerly @CNBCMakeIt in Singapore. Views my own. Tips and ideas: [email protected]

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Articles

Spirit makers face a sobering cocktail of challenges — from tariffs to teetotalers

1 week ago | cnbc.com | Karen Gilchrist

Various whiskey bottles on shelves in a bar. Hiob | Istock | Getty ImagesGlobal spirit makers are staring down a sobering cocktail of challenges as tariffs and brand boycotts threaten to exacerbate wider shifts in drinking habits. French cognac maker Rémy Cointreau on Wednesday became the latest spirits maker, following Diageo and Pernod Ricard, to withdraw its sales targets on increased economic and trade uncertainty.
Shein and Temu see U.S. demand plunge on 'de minimis' trade loophole closure

1 week ago | cnbc.com | Karen Gilchrist

Dado Ruvic | ReutersUse of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump's tariffs on Chinese imports and the closure of the de minimis loophole, new data shows. Temu's U.S. daily active users (DAUs) dropped 52% in May versus March, before Trump's tariffs were announced, while those at rival Shein were down 25%, according to data shared with CNBC by market intelligence firm Sensor Tower.
The legal loophole helping businesses mitigate tariffs

2 weeks ago | cnbc.com | Karen Gilchrist

CNBC's Karen Gilchrist explains how businesses are utilizing a quirk in U.S. customs law, known as the 'first sale rule,' to mitigate the biggest impact of tariffs.
Shein's embattled IPO signals mounting troubles for fast fashion giant

2 weeks ago | cnbc.com | Karen Gilchrist

Bus stop advertising for Chinese fashion company Shein on 4th May 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesFast fashion giant Shein's troubles continue to mount after its much anticipated London initial public offering (IPO) reportedly hit a fresh roadblock. The e-commerce behemoth is now aiming for a Hong Kong listing after failing to receive approval from Chinese regulators for its much hyped London IPO, Reuters reported Wednesday.
Shein's embattled IPO signals mounting troubles for fast fashion giant

2 weeks ago | flipboard.com | Karen Gilchrist

NowNationwide hands customers billions as FTSE 100 banks up shareholder payoutsNationwide returned billions to customers in 2024 whilst the FTSE 100 banking juggernauts used excess capital to up payouts for shareholders. The …NowBeyond Meat, Plby consumer staple join Russell Microcap Index, Veru, Vitals Farms leaveFTSE Russell released a preliminary list of companies set to join or leave the Russell Microcap Index as part of its 2025 annual reconstitution.
Businesses are finding a workaround for tariffs — and it's entirely legal

3 weeks ago | cnbc.com | Karen Gilchrist

The rail-mounted crane transports goods at the cargo yard of the Qianwan United Container Terminal of Qingdao Port in Qingdao City, Shandong Province, China. Nurphoto | Getty ImagesBusinesses are finding a workaround to minimize the most significant hit from tariffs, using a decades-old piece of legislation known as the "first sale rule."Within U.S. customs law, the first sale rule allows U.S. importers to use the price of the first sale in a number of transactions to calculate customs duties.
Businesses are finding a workaround for tariffs — and it's entirely legal | Flipboard

3 weeks ago | flipboard.com | Karen Gilchrist

3 hours agoChengdu, China - March 08, 2025 In the video, a border collie lies on the edge of the table, eager to eat the cake. Before the owner counts to three, saliva drips down. Eventually, it devours the cake. This footage was filmed by Ms. Gao, in Shuangliu, Chengdu, Sichuan, at 12:56, on March 8, 2025.
M&S cyberattack to wipe out nearly one-third of annual profits

3 weeks ago | cnbc.com | Karen Gilchrist

A Marks & Spencer Group Plc (M&S) store in Kingston-upon-Thames, UK. Bloomberg | Getty ImagesBritish retailer Marks & Spencer said Wednesday that a recent cyberattack, which left food shelves bare and brought online sales to a standstill, will wipe out almost one-third in its annual profits. The company, known for its clothing, homeware and food products, said last month’s cyber attack would cost the business £300 million ($403 million) in operating profit this year.
Novo Nordisk's future in doubt after Wegovy maker's 'surprise' CEO ouster

4 weeks ago | cnbc.com | Karen Gilchrist

Novo Nordisk 's ousting of longtime CEO Lars Fruergaard Jørgensen shocked analysts, with many questioning the future of the Wegovy obesity drug maker in its quest to fend off competition. The Danish pharmaceutical giant on Friday said that its chief was stepping down over concerns that the company was losing its market lead, adding that he would remain in situ throughout the search for a replacement.
Wealthy shoppers are splashing the cash on jewelry — so long as it's the right brand

1 month ago | cnbc.com | Karen Gilchrist

A shopper passes a jewelry display in the window of a Van Cleef & Arpels luxury goods store, operated by Cie. Richemont SA, on via Montenapoleone in Milan, Italy. Bloomberg | Getty ImagesWith a diamond encrusted ring here and a rare gemstone necklace there, the world's wealthiest are continuing to adorn themselves with the finest jewelry even as broader luxury shoppers pull back. But make no mistake, one mother-of-pearl bracelet is not to be confused with another.

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