The News In Brief
Lagos Fashion Week Named a Finalist for the 2025 Earthshot Prize
The global environmental award recognised Nigeria’s flagship fashion event for its dedication to showcasing responsible and sustainable fashion.
Vietnam’s Footwear Exports to US Drop Amid Trump Tariffs
Footwear exports fell 27 percent in September, while textile exports also saw a sharp drop of 20 percent.
Costco Will Sell Novo Nordisk Weight-Loss Drugs at Half-Price
The Ozempic maker has inked a deal with the discount retailer as GLP-1 drug prices have soared.
Tower28 Posts New York Times Ad Seeking ‘Sensitive’ Faces
The skincare label is casting models with eczema, acne, rosacea or psoriasis to feature in its marketing, founder Amy Liu told The Business of Beauty.
Harrods Posts an Annual Loss on Exceptional Charges
Harrods reported a £34.3 million ($46.2 million) pre-tax loss for its fiscal 2024 as exceptional costs overshadowed otherwise steady trading. Turnover for the full year rose by 0.6 percent, to £1.08 billion ($1.46 billion), compared to 2023.
Beauty Tech Group Shares Rise in Early Trading of London Debut
The beauty device firm, which owns Currentbody and Ziip, saw shares trading above their offer price on their London Stock Exchange debut, a positive omen for the city’s largest initial public offering so far this year.
Armani Approached Potential Buyers Over Stake Sale, Sources Say
Armani representatives have informally approached potential buyers, including L’Oréal, for a minority stake in the Italian fashion group, with Rothschild expected to advise on the transaction.
P&G to Exit Pakistan
The consumer goods giant announced Thursday that would leave the Pakistani market as it implements a global restructuring plan, and may also delist razor maker Gillette from the local stock exchange.
Hydrafacial Owner Appoints New CEO
Pedro Malha from Abbott Laboratories has succeeded Marla Beck, who joined The Beauty Health Company in Nov. 2023.
Sotheby’s Sells NYC Office to Weill Cornell for $510 Million
The auction house sold its former headquarters to Cornell University’s medical school, and will relocate to the Breuer building on Madison Avenue.
Louis Vuitton Awarded $584 Million in US Counterfeit Case
The judgement, one of the largest of its kind ever, stems from counterfeit goods sold at a flea market in Atlanta, Georgia.
Shein Faces Opposition to Open First Physical Stores in France
The plan to open Shein shops inside select Galeries Lafayette locations as part of a deal with the department store’s owner has met resistance from Galeries Lafayette itself.