The News In Brief
Tiffany Godoy to Step Down as Head of Editorial Content at Vogue Japan
Condé Nast Japan president Juna Kitada will also be stepping down at the end of the year.
Nykaa Names Deepika Padukone Global Ambassador
The Bollywood actress and luxury brand collaborator has been tapped as the face of the Indian retailer’s beauty business, as it continues to deepen its presence both domestically and overseas.
Fashion’s Progress on Disclosing Emissions Is Stalling
Advocacy group Fashion Revolution’s second “What Fuels Fashion?” report shows the industry’s continued failure to disclose climate efforts, especially on the critical risks of fossil-fuel based heat stress.
Rolex Faces Questions Over Trump US Open Invitation Amid Tariffs Pain
US Senator Elizabeth Warren asked the Swiss watchmaker’s CEO in a letter if Rolex was seeking to ‘curry favor’ with Trump in order to secure special-interest duty exemptions for its products.
Report: Nestlé To Undergo Strategic Review of Its Vitamin Business
The food and beverage giant has appointed Morgan Stanley to explore options for its ailing vitamins businesses, sources told Bloomberg.
Britain’s JD Sports Says Nike ‘Doing All the Right Things’ to Lift Sales
Nike products comprise roughly 45 percent of JD Sports' sales.
L Catterton Names Stephanie Phair Senior Advisor
LVMH-backed private equity firm L Catterton has named Stephanie Phair a senior advisor, leveraging her experience building and scaling global consumer and luxury brands.
Indonesia, EU Seal Trade Deal, Hope to Offset Trump Tariffs
The agreement is expected to boost Indonesia’s exports to Europe of products like textiles, clothing and widely-used beauty ingredient palm oil.
EU Will Delay Anti-Deforestation Law by Another Year, Commissioner Says
The landmark policy aims to ban imports of products like leather and palm oil that could be linked to deforestation.
Innovent Biologics Challenges Novo and Lilly in China’s GLP-1 Market
Innovent’s drug Xinermei, also known as mazdutide, is the third most popular weight loss treatment in the country behind Wegovy and Mounjaro and steadily gaining share.
Pfizer to Buy Metsera for $4.9 Billion in Obesity Drug Bet
Pfizer Inc. will pay $4.9 billion for the obesity startup Metsera Inc. in a bid to catch up to rival drugmakers after failing to compete with its own weight-loss medications.
Arc’teryx Fireworks in Tibet Trigger Backlash, Government Probe
The outerwear brand is under fire in China after a fireworks show in Tibet sparked environmental backlash, prompting an official investigation, social media boycotts and an apology from the Anta-owned outdoor brand.