The News In Brief
Uniqlo Owner Fast Retailing Posts Record Profit for Fourth Year, Beating Forecasts
The Japanese retail giant reported record annual profits, driven by strong sales in Japan and the US.
Kering CEO to Give Top Managers Initial Views of Ailing Business
Luca de Meo will hold a townhall meeting on Thursday to discuss potential paths to growth before some 300 business managers, Bloomberg reported.
Germany’s Cartel Office Investigating Temu Over Merchant Price Influencing
The Chinese e-commerce company is under scrutiny for allegedly influencing the prices set by third-party merchants on its platform unlawfully.
Johnson & Johnson Ordered To Pay $966 Million in Talc Cancer Case
A Los Angeles jury ordered Johnson & Johnson to pay $966 million to the family of a woman who died from mesothelioma, finding the company liable in the latest trial alleging its talc products cause cancer.
Gold Smashes $4,000 Milestone for First Time in Record Run
The precious metal rose to record highs as investors seeking cover from mounting geopolitical uncertainty piled into the safe haven.
Kering Shares Hit 15-Month High on Turnaround Hopes
Kering and LVMH rose as much as 7.4 percent and 3.7 percent, respectively, on Tuesday. Morgan Stanley analysts say Kering is their top pick in the luxury space.
Unilever Prestige Founding CEO Launches Investment Fund
Vasiliki Petrou announced the launch of her own advisory and investment firm Viralis Group supporting beauty, wellness, longevity and consumer health companies on Tuesday.
Estée Lauder Companies, Nykaa Announce Fourth Annual Beauty & You Winners
The recipients were honoured on Tuesday night in Mumbai, with Khanak Gupta of Sohrai Beauty taking home the inaugural Visionary Women’s Award.
Fashion Critic Rachel Tashjian Joins CNN
Tashjian is the latest prominent Washington Post staffer to leave the publication, following former senior critic-at-large Robin Givhan’s exit in August.
Hermès’ Head of Investor Relations Is Stepping Down
Carole Dupont-Pietri is departing after 11 years at the French luxury house and will be replaced by Alexandra Boucheron of defence company Thales SA.
Alexandre de Betak to Open His First Independent Atelier During Frieze London
The artistic director behind Bureau Betak, who has staged hundreds of fashion shows, is debuting his personal artistic studio with a new light installation.
Vestiaire Collective Chief Executive Max Bittner Exits
CFO Bernard Osta, a former investment banker who joined the resale platform in 2021, will step into the top job, effective immediately.