The News In Brief
Giorgio Armani Sees Succession as a ‘Gradual Transition’ of Responsibilities
The 91-year-old Italian fashion titan told the Financial Times he is planning for a ‘gradual transition’ of power and not a ‘moment of rupture.’
Sellers of Fake Botox Could Be Jailed For Two Years, Says UK Watchdog
The Medicines and Healthcare products Regulatory Agency is cracking down on the trade of unlicensed botulinum toxin products after a spate of botulism cases across England.
Nike Settles Lawsuit Against StockX Over NFTs, Counterfeiting
The sportswear giant’s trademark lawsuit has been settled, according to a filing in New York on Friday.
Eli Lilly Partners With China Tech Giant for Obesity Drug Sales
The Mounjaro maker has partnered with Chinese online healthcare platform JD Health International Inc. to sell its blockbuster drugs for obesity and diabetes online.
Tilda Swinton Stars in New Tom Ford Fragrance Campaign
The Estée Lauder-owned brand revealed Swinton as the face of the new Black Orchid Reserve on Friday.
Moody’s Downgrades Shiseido’s Financial Outlook Citing Weak Demand
The credit ratings agency has downgraded its outlook to Baa1 from a more positive “A” rating, saying its potential for profitable growth and improved geographic diversification seems slim.
Forever 21 Looks to Resurrect China, North America Businesses With New Partners
The fast-fashion brand is making its fourth attempt to re-enter the Chinese market, by localising operations and targeting young consumers, while also seeking a new partner for its North American relaunch.
Maison Margiela Taps Miley Cyrus For First-Ever Celebrity Campaign
The singer appeared in a number of portraits shot by Paolo Roversi for the brand’s Autumn/Winter 2025 campaign.
Ulta Beauty Raises Sales Outlook, Beats Expectations
The American beauty retailer saw sales increase 6.7 percent in the last quarter, outperforming Wall Street expectations of 3 percent growth.
Heritage Fashion Brand Belstaff Bought by British Sportswear Group Castore
The billionaire Sir Jim Ratcliffe’s Ineos purchased the struggling British motorcycle gear brand for an undisclosed sum.
Nike Cuts Corporate Staffers Amid Realignment
Layoffs will impact less than 1 percent of the company’s corporate team and are part of a restructuring led by chief executive Elliot Hill.
Indie Skincare Brand Bubble Hires Investment Bank
The maker of affordable products like Slam Dunk Moisturiser and Soft Launch cleanser has hired the investment bank Centerview to explore its growth options, founder Shai Eisenman confirmed to The Business of Beauty.