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The News In Brief

Beauty

Galderma Backers Exit $6.3 Billion Stake

A trio of Galderma shareholders exited their remaining 14.3% stake in the Swiss skincare company, in the largest ever overnight share sale in Switzerland.

Beauty

Galderma Backers Exit $6.3 Billion Stake

A trio of Galderma shareholders exited their remaining 14.3% stake in the Swiss skincare company, in the largest ever overnight share sale in Switzerland.


Retail

Zara-Owner Inditex Shows Resilience With Strong Start to Its Year

The Spanish retailer registered robust sales growth at the start of its current fiscal year in the face of weakening consumer sentiment that’s hitting many of its peers.

Retail

Zara-Owner Inditex Shows Resilience With Strong Start to Its Year

The Spanish retailer registered robust sales growth at the start of its current fiscal year in the face of weakening consumer sentiment that’s hitting many of its peers.


Technology

Amazon Wins Court Order Blocking Perplexity AI Shopping Bots

The order requires the firm to stop accessing password-protected sections of Amazon’s systems — in this case, Prime subscriber accounts — and to destroy copies of Amazon’s data.

Technology

Amazon Wins Court Order Blocking Perplexity AI Shopping Bots

The order requires the firm to stop accessing password-protected sections of Amazon’s systems — in this case, Prime subscriber accounts — and to destroy copies of Amazon’s data.


Beauty

Exclusive: Perfumer H Secures Fresh Investment

Former Aesop leaders Michael O’Keeffe and Thomas Buisson have invested in Perfumer H, buying out Natura &Co’s stake to back the niche fragrance brand’s next phase of growth.

Beauty

Exclusive: Perfumer H Secures Fresh Investment

Former Aesop leaders Michael O’Keeffe and Thomas Buisson have invested in Perfumer H, buying out Natura &Co’s stake to back the niche fragrance brand’s next phase of growth.


Retail

Hugo Boss Profit, Sales Beat Estimates Amid Turnaround Effort

The German designer brand reported better-than-expected fourth-quarter results driven by its strategy to close stores and revamp its offerings.

Retail

Hugo Boss Profit, Sales Beat Estimates Amid Turnaround Effort

The German designer brand reported better-than-expected fourth-quarter results driven by its strategy to close stores and revamp its offerings.


Beauty

LVMH Names Deputy CEO of Beauty Division, Parfums Christian Dior

Philippe Farnier, a longtime LVMH executive, will step into the new role effective immediately, reporting to divisional head Véronique Courtois.

Beauty

LVMH Names Deputy CEO of Beauty Division, Parfums Christian Dior

Philippe Farnier, a longtime LVMH executive, will step into the new role effective immediately, reporting to divisional head Véronique Courtois.


Beauty

Reliance Retail Acquires Pahadi Local

India’s largest retailer has acquired Himalayan skincare brand Pahadi Local amid a global surge in demand for Indian beauty and wellness.

Beauty

Reliance Retail Acquires Pahadi Local

India’s largest retailer has acquired Himalayan skincare brand Pahadi Local amid a global surge in demand for Indian beauty and wellness.


Beauty

Henkel Acquires Hair Care Brand Not Your Mother’s

The German consumer giant is expanding its US hair care presence with the the fast-growing, teen-favourite brand.

Beauty

Henkel Acquires Hair Care Brand Not Your Mother’s

The German consumer giant is expanding its US hair care presence with the the fast-growing, teen-favourite brand.


Beauty

Muji Is Turning Skincare Into Its Next Growth Engine

The Japanese retailer is betting on its fast-growing, value-for-money skincare products to drive growth at home and abroad.

Beauty

Muji Is Turning Skincare Into Its Next Growth Engine

The Japanese retailer is betting on its fast-growing, value-for-money skincare products to drive growth at home and abroad.


Global Markets

Fast Fashion Garments Pile Up in South Asia as Middle East Conflict Grounds Planes

Shipments of garments for major retailers are stranded at airports in Bangladesh and India as the conflict in the Middle East forces airlines cancel flights.

Global Markets

Fast Fashion Garments Pile Up in South Asia as Middle East Conflict Grounds Planes

Shipments of garments for major retailers are stranded at airports in Bangladesh and India as the conflict in the Middle East forces airlines cancel flights.


Retail

Saks Global to Shut 15 More Stores as Part of Restructuring

The luxury retailer, which filed for bankruptcy earlier this year, will close more stores as it tries to cut losses and focus on more profitable, higher-end locations.

Retail

Saks Global to Shut 15 More Stores as Part of Restructuring

The luxury retailer, which filed for bankruptcy earlier this year, will close more stores as it tries to cut losses and focus on more profitable, higher-end locations.


Sports

Nike’s Latest SEC Filing Revives Converse Sale Speculation

In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.

Sports

Nike’s Latest SEC Filing Revives Converse Sale Speculation

In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.