The News In Brief
H&M Launches First Store in Brazil With Local Manufacturing Ambitions
The Swedish fast-fashion retailer is producing shoes, beachwear and jeans in Brazil and importing the other products from different markets, including India, Bangladesh and Portugal.
Uoma Beauty Founder Sharon Chuter Has Died at 38
The founder of the inclusive makeup brand Uoma Beauty passed away on Aug. 14.
Net-a-Porter Founder Sues Ex-Partner for Fraud, Emotional Distress
In a bombshell lawsuit, Natalie Massenet accused Erik Torstensson of fraud, claiming he deceived her into spending $95 million to fund their lifestyle and support his business ventures.
Trinny London Hires New CMO, Revamps Branding Strategy
With a Charlotte Tilbury alum as its new marketing chief, the eight-year-old UK beauty brand is homing in on storytelling as it chases global expansion.
Investment Bank Jefferies Downgrades Coty, Stock Price Drops 20%
The American beauty giant reported worse-than-expected fourth-quarter results and an outlook that disappointed investors as its battles softened demand in the US.
Adidas Visits Indigenous Mexican Town to Apologise for Sandal Design
Following backlash received over the brand’s collaboration with Willy Chavarria, Adidas executives travelled to Mexico to apologise for a sandal-inspired shoe design that the Mexican government criticised as cultural appropriation.
Ralph Lauren Expects Robust Growth to Slow Amid Weakness in US
Despite outperforming competitors recently, Ralph Lauren anticipates slower revenue growth in the latter half of the fiscal year due to weakening US consumer spending.
Serena Williams Fronts Campaign for Weight Loss Drugs
Telehealth company Ro’s latest campaign is focused on the tennis champion’s own weight loss using a monthly GLP-1 injection, making her the drug’s highest-profile spokesperson to date.
Former Sephora CEO Joins Ulta Beauty’s Board
The US beauty retailer announced that Martin Blok, formerly chief executive at Sephora, and Stephenie Landry, a former Amazon executive, would join its board of directors effective Sept 1.
Switzerland’s Gold Export Surge Highlights Its US Trade Dilemma
The impact of the gold industry on Switzerland’s trade balance is more important than ever as the Trump administration focuses on levelling deficits.
Rent the Runway to Swap Debt for Equity in Revival Effort
Rent the Runway will give a controlling stake to its lenders and investors as part of a deal to reduce its debt by over $240 million and inject $20 million into the company.
Global Beauty Firms Look to Carve Up Indian Market As ‘Last Bastion’ of Growth
Global cosmetics giants like Shiseido, L’Oréal, and Estée Lauder are significantly increasing their investments in India’s booming luxury beauty market, which is projected to quintuple by 2035.