The News In Brief
Oscar de la Renta Creative Directors to Exit the Label
Laura Kim and Fernando Garcia are departing the brand after nine years to concentrate on their other ready-to-wear label, Monse, they announced together on social media.
Federal Reserve Cuts US Interest Rates for First Time Since December
Rates are now at a range of 4 to 4.25 percent — the lowest since November 2022.
Eli Lilly Rolls Out Its GLP-1 Strategy Worldwide
By partnering with telehealth firms and e-commerce platforms, the Mounjaro maker hopes to replicate its US success abroad as it moves into the EU, Asia and Middle East, Lilly's international president told Reuters.
Natura Reaches Deal to Sell Avon’s Central American Operations
The Brazilian giant will sell the beauty label’s businesses in Central America to consumer goods company Grupo PDC for $22 million.
NBA Star Kyle Kuzma Invests in Men’s Skincare Brand Margin
The Milwaukee Bucks forward is expanding his entrepreneurial portfolio by joining the men’s self-care brand Margin as an investor and adviser.
US Retail Sales Beat Forecasts in Sign of Solid Summer Spending
US retail sales rose in August for a third month in a broad advance, rounding out a summer of resilient spending.
Unilever Names Srinivas Phatak Chief Financial Officer
A longtime company insider, Phatak assumes the role amidst a period of organisational change at the UK consumer giant.
Osea Malibu Lands Investment From General Atlantic Partners
The prestige body care brand has earmarked the funding for product innovation and international expansion, said founder Melissa Palmer.
Joe Corré Opens London Boutique The Light House
The son of Vivienne Westwood and Malcom McLaren’s latest retail venture aims to be a ‘place for curiosity and conversation.’
Kering Strikes Deal to Make Valentino Eyewear
The French luxury group has signed a licensing deal with Valentino to develop eyewear.
Uniqlo Founder Says US May Suffer Most From Tariffs
At an event in New York, Tadashi Yanai said it’s the US that could suffer most from the economic impact of its global trade war.
African Botanics Founders Launch Luxury Fragrance Brand
Craig and Julia Noik’s Osmé Perfume will launch with Credo Beauty as its first retailer.